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REGISTERED NUMBER: 02125618 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SARABEC LIMITED

SARABEC LIMITED (REGISTERED NUMBER: 02125618)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


SARABEC LIMITED (REGISTERED NUMBER: 02125618)

ABRIDGED BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,754 59,495
48,754 59,495

CURRENT ASSETS
Stocks 270,072 261,625
Debtors 247,938 268,152
Cash at bank and in hand 9,682 20,739
527,692 550,516
CREDITORS
Amounts falling due within one year 224,836 241,457
NET CURRENT ASSETS 302,856 309,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

351,610

368,554

CREDITORS
Amounts falling due after more than one
year

(14,000

)

(38,000

)

PROVISIONS FOR LIABILITIES (12,189 ) (11,304 )
NET ASSETS 325,421 319,250

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 322,421 316,250
325,421 319,250

SARABEC LIMITED (REGISTERED NUMBER: 02125618)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





Mr C J Foxton - Director


SARABEC LIMITED (REGISTERED NUMBER: 02125618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Sarabec Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02125618

Registered office: 15c High Force Road
Riverside Park Industrial Estate
Middlesbrough
TS2 1RH

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 recognised at the fair value of the consideration received or receivable for sale of goods, and is shown net of VAT.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


SARABEC LIMITED (REGISTERED NUMBER: 02125618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2024
and 31 December 2024 400,000
AMORTISATION
At 1 January 2024
and 31 December 2024 400,000
NET BOOK VALUE

At 31 December 2024 -
At 31 December 2023 -

SARABEC LIMITED (REGISTERED NUMBER: 02125618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 January 2024 273,610
Additions 928
At 31 December 2024 274,538
DEPRECIATION
At 1 January 2024 214,115
Charge for year 11,669
At 31 December 2024 225,784
NET BOOK VALUE
At 31 December 2024 48,754
At 31 December 2023 59,495

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 3,345 5,734

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Donald Adams (Senior Statutory Auditor)
for and on behalf of Baines Jewitt Limited

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Sicklinger Holding GmbH, a company registered in Germany.