Company registration number 05534240 (England and Wales)
SABRE TRIAD HOLDINGS LTD
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
SABRE TRIAD HOLDINGS LTD
COMPANY INFORMATION
Directors
C Chamberlain
A G Treverton
M J Smith
Secretary
A G Treverton
Company number
05534240
Registered office
42 Roman Way
Longridge Road
Preston
Lancashire
PR2 5BD
Accountants
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
Business address
42 Roman Way
Longridge Road
Preston
Lancashire
PR2 5BD
Bankers
HSBC Bank Plc
49A Fishergate
Preston
Lancashire
PR1 8BH
SABRE TRIAD HOLDINGS LTD
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Group balance sheet
4
Company balance sheet
5 - 6
Group statement of changes in equity
7
Company statement of changes in equity
8
Group statement of cash flows
9
Notes to the financial statements
10 - 16
SABRE TRIAD HOLDINGS LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -
The directors present their annual report and financial statements for the year ended 31 December 2024.
Principal activities
The principal activity of the group during the year was the manufacture and supply of printed film and packaging for the confectionery trade.
Results and dividends
Ordinary dividends were paid amounting to £225,000. The directors do not recommend payment of a further dividend.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
C Chamberlain
A G Treverton
M J Smith
Small companies exemption
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
C Chamberlain
Director
21 February 2025
SABRE TRIAD HOLDINGS LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SABRE TRIAD HOLDINGS LTD FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sabre Triad Holdings Ltd for the year ended 31 December 2024 set out on pages 3 to 16 from the accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of Sabre Triad Holdings Ltd, as a body, in accordance with the terms of our engagement letter dated 16 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Sabre Triad Holdings Ltd and state those matters that we have agreed to state to the board of directors of Sabre Triad Holdings Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sabre Triad Holdings Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that Sabre Triad Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Sabre Triad Holdings Ltd. You consider that Sabre Triad Holdings Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Sabre Triad Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Pierce C A Limited
Mentor House
Ainsworth Street
Blackburn
Lancashire
BB1 6AY
21 February 2025
SABRE TRIAD HOLDINGS LTD
GROUP PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
2024
2023
Notes
£
£
Turnover
7,724,573
8,335,836
Cost of sales
(5,482,780)
(6,022,540)
Gross profit
2,241,793
2,313,296
Distribution costs
(89,171)
(104,400)
Administrative expenses
(1,020,766)
(1,038,936)
Operating profit
1,131,856
1,169,960
Interest receivable and similar income
3
122,562
45,740
Profit before taxation
1,254,418
1,215,700
Tax on profit
4
(315,657)
(271,633)
Profit for the financial year
938,761
944,067
Profit for the financial year is all attributable to the owners of the parent company.
The profit and loss account has been prepared on the basis that all operations are continuing operations.
SABRE TRIAD HOLDINGS LTD
GROUP BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 4 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
-
-
Tangible assets
5
180,463
218,251
Current assets
Stocks
1,396,211
1,746,980
Debtors
8
1,676,392
1,885,084
Cash at bank and in hand
3,686,482
2,707,143
6,759,085
6,339,207
Creditors: amounts falling due within one year
9
(1,012,049)
(1,334,539)
Net current assets
5,747,036
5,004,668
Total assets less current liabilities
5,927,499
5,222,919
Provisions for liabilities
(40,948)
(50,129)
Net assets
5,886,551
5,172,790
Capital and reserves
Called up share capital
11
300
300
Profit and loss reserves
5,886,251
5,172,490
Total equity
5,886,551
5,172,790
For the financial year ended 31 December 2024 the group was entitled to exemption from audit under section 477 of the Companies Act 2006.
Directors' responsibilities under the Companies Act 2006:
The members have not required the to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to groups and companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 21 February 2025 and are signed on its behalf by:
21 February 2025
C Chamberlain
Director
Company registration number 05534240 (England and Wales)
SABRE TRIAD HOLDINGS LTD
COMPANY BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 5 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
5
78,299
127,235
Investments
6
2,376,209
2,376,209
2,454,508
2,503,444
Current assets
Debtors
8
1,035,404
409,353
Cash at bank and in hand
11,223
89,005
1,046,627
498,358
Creditors: amounts falling due within one year
9
(180,299)
(145,964)
Net current assets
866,328
352,394
Total assets less current liabilities
3,320,836
2,855,838
Provisions for liabilities
(15,408)
(27,375)
Net assets
3,305,428
2,828,463
Capital and reserves
Called up share capital
11
300
300
Profit and loss reserves
3,305,128
2,828,163
Total equity
3,305,428
2,828,463
As permitted by s408 Companies Act 2006, the company has not presented its own profit and loss account and related notes. The company’s profit for the year was £701,963 (2023 - £732,419 profit).
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
SABRE TRIAD HOLDINGS LTD
COMPANY BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024
31 December 2024
- 6 -
The financial statements were approved by the board of directors and authorised for issue on 21 February 2025 and are signed on its behalf by:
21 February 2025
C Chamberlain
Director
Company registration number 05534240 (England and Wales)
SABRE TRIAD HOLDINGS LTD
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
300
4,808,923
4,809,223
Year ended 31 December 2023:
Profit and total comprehensive income
-
944,067
944,067
Dividends
-
(580,500)
(580,500)
Balance at 31 December 2023
300
5,172,490
5,172,790
Year ended 31 December 2024:
Profit and total comprehensive income
-
938,761
938,761
Dividends
-
(225,000)
(225,000)
Balance at 31 December 2024
300
5,886,251
5,886,551
SABRE TRIAD HOLDINGS LTD
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2023
300
2,676,243
2,676,543
Year ended 31 December 2023:
Profit and total comprehensive income for the year
-
732,420
732,420
Dividends
-
(580,500)
(580,500)
Balance at 31 December 2023
300
2,828,163
2,828,463
Year ended 31 December 2024:
Profit and total comprehensive income
-
701,965
701,965
Dividends
-
(225,000)
(225,000)
Balance at 31 December 2024
300
3,305,128
3,305,428
SABRE TRIAD HOLDINGS LTD
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
15
1,580,866
1,325,046
Income taxes paid
(476,267)
(129,639)
Net cash inflow from operating activities
1,104,599
1,195,407
Investing activities
Purchase of tangible fixed assets
(22,822)
(40,174)
Proceeds from disposal of tangible fixed assets
-
12,750
Interest received
122,562
45,740
Net cash generated from investing activities
99,740
18,316
Financing activities
Dividends paid to equity shareholders
(225,000)
(580,500)
Net cash used in financing activities
(225,000)
(580,500)
Net increase in cash and cash equivalents
979,339
633,223
Cash and cash equivalents at beginning of year
2,707,143
2,073,920
Cash and cash equivalents at end of year
3,686,482
2,707,143
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 10 -
1
Accounting policies
Company information
Sabre Triad Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is 42 Roman Way, Longridge Road, Preston, Lancashire, PR2 5BD.
The group consists of Sabre Triad Holdings Limited and all of its subsidiaries.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Business combinations
In the parent company financial statements, the cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Investments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.
1.3
Basis of consolidation
The consolidated financial statements incorporate those of Sabre Triad Holdings Ltd and all of its subsidiaries (ie entities that the group controls through its power to govern the financial and operating policies so as to obtain economic benefits).
All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.
1.4
Going concern
The directors are not aware of any material uncertainties affecting the group and consider that the group will have sufficient resources to continue trading for the foreseeable future. As a result the directors have continued to adopt the going concern basis in preparing the financial statements.
1.5
Turnover
Turnover represents amounts receivable for goods net of VAT and trade discounts.
1.6
Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life. as follows:
Plant and machinery
25% Straight line
Fixtures, fittings & equipment
25% straight line
Motor vehicles
25% Straight line
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 11 -
1.7
Stocks
Stock is valued at the lower of cost and net realisable value. Work in progress and finished goods are valued at selling price.
1.8
Financial instruments
The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
1.9
Equity instruments
Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.
1.10
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account.
1.11
Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
1.12
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.13
Leases
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.14
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
2
Employees
The average monthly number of persons (including directors) employed by the group and company during the year was:
Group
Company
2024
2023
2024
2023
Number
Number
Number
Number
Total
29
29
3
3
3
Interest receivable and similar income
2024
2023
£
£
Other interest receivable and similar income
122,562
45,740
4
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
324,838
288,757
Adjustments in respect of prior periods
(15,044)
Total current tax
324,838
273,713
Deferred tax
Origination and reversal of timing differences
(9,181)
(2,080)
Total tax charge
315,657
271,633
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
5
Tangible fixed assets
Group
Plant and machinery etc
£
Cost
At 1 January 2024
767,409
Additions
22,822
At 31 December 2024
790,231
Depreciation and impairment
At 1 January 2024
549,158
Depreciation charged in the year
60,610
At 31 December 2024
609,768
Carrying amount
At 31 December 2024
180,463
At 31 December 2023
218,251
Company
Plant and machinery etc
£
Cost
At 1 January 2024 and 31 December 2024
653,133
Depreciation and impairment
At 1 January 2024
525,898
Depreciation charged in the year
48,936
At 31 December 2024
574,834
Carrying amount
At 31 December 2024
78,299
At 31 December 2023
127,235
6
Fixed asset investments
Group
Company
2024
2023
2024
2023
£
£
£
£
Shares in group undertakings and participating interests
-
-
2,376,209
2,376,209
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6
Fixed asset investments
(Continued)
- 14 -
Movements in fixed asset investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 January 2024 and 31 December 2024
2,376,209
Carrying amount
At 31 December 2024
2,376,209
At 31 December 2023
2,376,209
7
Subsidiaries
Details of the company's subsidiaries at 31 December 2024 are as follows:
Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Sabre Triad Limited
42 Roman Way, Longridge Road, Preston, Lancashire, PR2 5BD
Ordinary
100.00
8
Debtors
Group
Company
2024
2023
2024
2023
Amounts falling due within one year:
£
£
£
£
Trade debtors
1,193,296
1,538,037
Amounts owed by group
-
-
593,008
193,008
Other debtors
483,096
347,047
442,396
216,345
1,676,392
1,885,084
1,035,404
409,353
9
Creditors: amounts falling due within one year
Group
Company
2024
2023
2024
2023
£
£
£
£
Trade creditors
383,929
592,994
Corporation tax payable
180,569
331,998
147,885
116,066
Other taxation and social security
209,932
154,492
29,414
26,998
Other creditors
237,619
255,055
3,000
2,900
1,012,049
1,334,539
180,299
145,964
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
10
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
197,149
197,355
A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.
11
Share capital
Group and company
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
300
300
300
300
12
Operating lease commitments
Lessee
At the balance sheet date the group had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:
Group
Company
2024
2023
2024
2023
£
£
£
£
239,291
326,000
-
-
13
Directors' transactions
Advances or credits have been granted by the group to its directors as follows:
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
C Chamberlain - Loan
2.25
96,182
204,426
3,273
(12,400)
291,481
M J Smith - Loan
2.25
46,436
-
981
(7,200)
40,217
142,618
204,426
4,254
(19,600)
331,698
14
Controlling party
The company is under the control of the directors, who between them own 100% of the issued share capital.
SABRE TRIAD HOLDINGS LTD
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 16 -
15
Cash generated from group operations
2024
2023
£
£
Profit after taxation
938,761
944,067
Adjustments for:
Taxation charged
315,657
271,633
Investment income
(122,562)
(45,740)
Gain on disposal of tangible fixed assets
-
(12,750)
Depreciation and impairment of tangible fixed assets
60,610
61,983
Movements in working capital:
Decrease/(increase) in stocks
350,769
(140,728)
Decrease/(increase) in debtors
208,692
(162,172)
(Decrease)/increase in creditors
(171,061)
408,753
Cash generated from operations
1,580,866
1,325,046
16
Analysis of changes in net funds - group
1 January 2024
Cash flows
31 December 2024
£
£
£
Cash at bank and in hand
2,707,143
979,339
3,686,482
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