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REGISTERED NUMBER: 00438325 (England and Wales)





















SARTORIS PRODUCTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


SARTORIS PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs B A Mitford-Barberton
Mrs T Wong
S Mitford - Barberton





REGISTERED OFFICE: 25 Bradfield Close
Finedon Road Industrial Estate
Wellingborough
Northamptonshire
NN8 4RQ





REGISTERED NUMBER: 00438325 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,036 6,319
Tangible assets 5 42,750 54,080
46,786 60,399

CURRENT ASSETS
Stocks 149,753 164,305
Debtors 6 159,140 158,363
Cash at bank and in hand 181,542 272,216
490,435 594,884
CREDITORS
Amounts falling due within one year 7 138,786 160,550
NET CURRENT ASSETS 351,649 434,334
TOTAL ASSETS LESS CURRENT LIABILITIES 398,435 494,733

PROVISIONS FOR LIABILITIES 7,918 11,277
NET ASSETS 390,517 483,456

CAPITAL AND RESERVES
Called up share capital 9 430 430
Retained earnings 390,087 483,026
SHAREHOLDERS' FUNDS 390,517 483,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2025 and were signed on its behalf by:





Mrs B A Mitford-Barberton - Director


SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Sartoris Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Website costs
Costs relating to the construction of the company's e-commerce website have been capitalised as an intangible asset, and amortised on a straight line basis over its estimated useful life of 6 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - Straight line over 4 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is calculated on a first in, first out basis.

Included in stocks is the fair value of labour costs incurred on items in the manufacturing process which had not been invoiced at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Government grants
Grants are accounted for under the accruals model as permitted by FRS102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 14 ) .

SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 13,703
AMORTISATION
At 1 October 2023 7,384
Charge for year 2,283
At 30 September 2024 9,667
NET BOOK VALUE
At 30 September 2024 4,036
At 30 September 2023 6,319

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 278,687 24,496 32,799 9,150 345,132
Additions 2,163 - - - 2,163
At 30 September 2024 280,850 24,496 32,799 9,150 347,295
DEPRECIATION
At 1 October 2023 246,204 14,767 20,931 9,150 291,052
Charge for year 8,565 2,554 2,374 - 13,493
At 30 September 2024 254,769 17,321 23,305 9,150 304,545
NET BOOK VALUE
At 30 September 2024 26,081 7,175 9,494 - 42,750
At 30 September 2023 32,483 9,729 11,868 - 54,080

SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 October 2023
and 30 September 2024 32,799
DEPRECIATION
At 1 October 2023 20,931
Charge for year 2,374
At 30 September 2024 23,305
NET BOOK VALUE
At 30 September 2024 9,494
At 30 September 2023 11,868

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 125,709 131,488
Amounts owed by group undertakings 13,546 6,252
Directors' current accounts 73 -
Prepayments 19,812 20,623
159,140 158,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 85,850 97,519
Corporation tax 4,010 13,963
Social security and other taxes 18,632 15,136
VAT 20,540 22,025
Other creditors 972 984
Directors' current accounts - 1,366
Accrued expenses 8,782 9,557
138,786 160,550

SARTORIS PRODUCTS LIMITED (REGISTERED NUMBER: 00438325)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 1,698 3,481
Between one and five years - 481
1,698 3,962

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
430 Ordinary £1 430 430