50 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,070,325 1,070,325 1,070,325 xbrli:pure xbrli:shares iso4217:GBP 06866343 2023-07-01 2024-06-30 06866343 2024-06-30 06866343 2023-06-30 06866343 2022-07-01 2023-06-30 06866343 2023-06-30 06866343 2022-06-30 06866343 bus:Director1 2023-07-01 2024-06-30 06866343 core:FurnitureFittings 2023-06-30 06866343 core:FurnitureFittings 2024-06-30 06866343 core:FurnitureFittings 2023-07-01 2024-06-30 06866343 core:WithinOneYear 2024-06-30 06866343 core:WithinOneYear 2023-06-30 06866343 core:ShareCapital 2024-06-30 06866343 core:ShareCapital 2023-06-30 06866343 core:RetainedEarningsAccumulatedLosses 2024-06-30 06866343 core:RetainedEarningsAccumulatedLosses 2023-06-30 06866343 core:BetweenOneFiveYears 2024-06-30 06866343 core:BetweenOneFiveYears 2023-06-30 06866343 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 06866343 core:Non-currentFinancialInstruments 2024-06-30 06866343 core:Non-currentFinancialInstruments 2023-06-30 06866343 core:FurnitureFittings 2023-06-30 06866343 bus:SmallEntities 2023-07-01 2024-06-30 06866343 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06866343 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 06866343 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 06866343 bus:FullAccounts 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 06866343
SA Group Limited
Filleted Unaudited Financial Statements
30 June 2024
SA Group Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
27,403
39,856
Investments
6
1,070,325
1,070,325
------------
------------
1,097,728
1,110,181
Current assets
Debtors
7
1,427,160
1,083,316
Cash at bank and in hand
661,412
603,475
------------
------------
2,088,572
1,686,791
Creditors: amounts falling due within one year
8
969,167
643,830
------------
------------
Net current assets
1,119,405
1,042,961
------------
------------
Total assets less current liabilities
2,217,133
2,153,142
------------
------------
Net assets
2,217,133
2,153,142
------------
------------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
2,216,133
2,152,142
------------
------------
Shareholders funds
2,217,133
2,153,142
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
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.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SA Group Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 29 October 2024 , and are signed on behalf of the board by:
Mr S Jackson
Director
Company registration number: 06866343
SA Group Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Newbury House Aintree Avenue, White Horse Business Park, Trowbridge, Wiltshire, BA14 0XB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is not provided for. The company continues to carry out research and development work and therefore anticipates that claims in the respect in the year of disposal of any assets will reduce any tax to Nil.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments in associates
Investments in associates are accounted for in accordance with the cost model and recorded at cost less any accumulated impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 50 (2023: 37 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 July 2023
32,359
25,827
58,186
Additions
909
909
--------
--------
--------
At 30 June 2024
33,268
25,827
59,095
--------
--------
--------
Depreciation
At 1 July 2023
6,383
11,947
18,330
Charge for the year
4,753
8,609
13,362
--------
--------
--------
At 30 June 2024
11,136
20,556
31,692
--------
--------
--------
Carrying amount
At 30 June 2024
22,132
5,271
27,403
--------
--------
--------
At 30 June 2023
25,976
13,880
39,856
--------
--------
--------
6. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
1,070,325
------------
Impairment
At 1 July 2023 and 30 June 2024
------------
Carrying amount
At 30 June 2024
1,070,325
------------
At 30 June 2023
1,070,325
------------
7. Debtors
2024
2023
£
£
Trade debtors
787,530
722,761
Amounts owed by group undertakings and undertakings in which the company has a participating interest
102,509
Other debtors
639,630
258,046
------------
------------
1,427,160
1,083,316
------------
------------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
74,965
45,772
Amounts owed to group undertakings and undertakings in which the company has a participating interest
372,806
142,377
Social security and other taxes
444,045
409,272
Other creditors
77,351
46,409
---------
---------
969,167
643,830
---------
---------
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024
2023
£
£
Not later than 1 year
25,000
31,042
Later than 1 year and not later than 5 years
39,583
18,958
--------
--------
64,583
50,000
--------
--------
10. Ultimate holding company
All of the shares in the company are owned by Belicista Limited which is wholly owned by The SA Group Trustees Limited which is also the ultimate holding company.