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REGISTERED NUMBER: 05484555 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SAXON DESIGNS LTD

SAXON DESIGNS LTD (REGISTERED NUMBER: 05484555)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAXON DESIGNS LTD

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: J C Ross





SECRETARY: Ms S March





REGISTERED OFFICE: Weyhill Farm
Amesbury Road
Weyhill
Andover
Hampshire
SP11 8DE





REGISTERED NUMBER: 05484555 (England and Wales)





ACCOUNTANT: Richard Kyte Associates
Chartered Certified Accountant
126 Weyhill Road
Andover
Hampshire
SP10 3BE

SAXON DESIGNS LTD (REGISTERED NUMBER: 05484555)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,919 8,163

CURRENT ASSETS
Stocks 5 19,609 19,149
Debtors 6 1,251 9,767
Cash at bank 30,702 28,361
51,562 57,277
CREDITORS
Amounts falling due within one year 7 19,232 23,753
NET CURRENT ASSETS 32,330 33,524
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,249

41,687

PROVISIONS FOR LIABILITIES 8 - 101
NET ASSETS 37,249 41,586

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 37,149 41,486
SHAREHOLDERS' FUNDS 37,249 41,586

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

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

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2025 and were signed by:





J C Ross - Director


SAXON DESIGNS LTD (REGISTERED NUMBER: 05484555)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Saxon Designs Ltd 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.

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.

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 - 33% on cost
Fixture and Fittings - 20% on cost
Computer equipment - 25% 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 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SAXON DESIGNS LTD (REGISTERED NUMBER: 05484555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixture
Plant and and Motor Computer
machinery Fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 7,852 1,591 10,162 11,633 31,238
DEPRECIATION
At 1 July 2023 5,571 1,591 4,290 11,623 23,075
Charge for year 1,738 - 1,499 7 3,244
At 30 June 2024 7,309 1,591 5,789 11,630 26,319
NET BOOK VALUE
At 30 June 2024 543 - 4,373 3 4,919
At 30 June 2023 2,281 - 5,872 10 8,163

5. STOCKS
30.6.24 30.6.23
£    £   
Stocks 19,609 19,149

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Related Company - 7,204
VAT - 2,146
Deferred tax asset 837 -
Prepayments 414 417
1,251 9,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 5,314 13,387
Social security and other taxes - 1,402
VAT 3,678 -
Other creditors and accruals 427 97
Related Company 946 -
Directors' current accounts 8,867 8,867
19,232 23,753

8. PROVISIONS FOR LIABILITIES
30.6.23
£   
Deferred tax 101

Deferred
tax
£   
Balance at 1 July 2023 101
Losses carried forward (938 )
Balance at 30 June 2024 (837 )

SAXON DESIGNS LTD (REGISTERED NUMBER: 05484555)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 41,486
Deficit for the year (4,337 )
At 30 June 2024 37,149

11. RELATED PARTY DISCLOSURES

The company was not charged rent (2023 - £nil) by it's related company, Saxons Properties Ltd, in the year. As in previous years, it did make a charge of £1,850 (2023- £1,628) for a proportion of the light and heat costs incurred in the year. During the year, the related company transferred funds of £10,000 and this has resulted in a credit balance of £946 due to Saxons Properties Ltd at the year end (2023 - Debtor £7,204) .

The company was under the control of Mr J C Ross, the sole director, throughout the current and previous year by virtue of his 100% shareholding. At the year end there was a balance of £8,867 due to him.