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Company Registration No. 1168959 (England and Wales)
S.A.K. Equipment Limited Unaudited accounts for the year ended 30 June 2024
S.A.K. Equipment Limited Unaudited accounts Contents
Page
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S.A.K. Equipment Limited Company Information for the year ended 30 June 2024
Directors
Mr I J King Mrs S M King Mr A Fielding
Company Number
1168959 (England and Wales)
Registered Office
Unit 29 Hawthorns Road Eastbourne East Sussex BN23 6QA
Accountants
Maiden Accountancy Services 95 Seaside Road Eastbourne East Sussex BN21 3PL
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S.A.K. Equipment Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
162,405 
178,064 
Current assets
Inventories
1,000 
1,000 
Debtors
544,272 
457,197 
Cash at bank and in hand
944,159 
655,161 
1,489,431 
1,113,358 
Creditors: amounts falling due within one year
(427,175)
(274,463)
Net current assets
1,062,256 
838,895 
Total assets less current liabilities
1,224,661 
1,016,959 
Provisions for liabilities
Deferred tax
(40,218)
(33,477)
Net assets
1,184,443 
983,482 
Capital and reserves
Called up share capital
3,001 
3,001 
Profit and loss account
1,181,442 
980,481 
Shareholders' funds
1,184,443 
983,482 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2024 and were signed on its behalf by
Mr I J King Director Company Registration No. 1168959
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S.A.K. Equipment Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
S.A.K. Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 1168959. The registered office is Unit 29, Hawthorns Road, Eastbourne, East Sussex, BN23 6QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
3 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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S.A.K. Equipment Limited Notes to the Accounts for the year ended 30 June 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
692,425 
64,190 
756,615 
Additions
13,000 
- 
13,000 
At 30 June 2024
705,425 
64,190 
769,615 
Depreciation
At 1 July 2023
517,916 
60,635 
578,551 
Charge for the year
28,126 
533 
28,659 
At 30 June 2024
546,042 
61,168 
607,210 
Net book value
At 30 June 2024
159,383 
3,022 
162,405 
At 30 June 2023
174,509 
3,555 
178,064 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
503,525 
436,794 
Accrued income and prepayments
40,747 
20,403 
544,272 
457,197 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
15,691 
18,537 
Taxes and social security
349,390 
251,933 
Other creditors
60,344 
2,243 
Accruals
1,750 
1,750 
427,175 
274,463 
7
Average number of employees
During the year the average number of employees was 28 (2023: 27).
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