Company Registration No. 03090597 (England and Wales)
Saga Fashions Limited
Unaudited accounts
for the year ended 31 August 2024
Saga Fashions Limited
Unaudited accounts
Contents
Saga Fashions Limited
Company Information
for the year ended 31 August 2024
Company Number
03090597 (England and Wales)
Registered Office
Buttercrock Wharf Vicarage Lane
Hoo St. Werburgh,
Rochester
Kent
ME3 9LA
Accountants
Accurox Limited
5 Strand Court
Bath Road
Cheltenham
GL53 7LW
Saga Fashions Limited
Statement of financial position
as at 31 August 2024
Tangible assets
771,932
771,932
Cash at bank and in hand
39
190
Creditors: amounts falling due within one year
815
(13,219)
Net current assets/(liabilities)
854
(13,029)
Total assets less current liabilities
772,786
758,903
Creditors: amounts falling due after more than one year
(564,495)
(561,482)
Net assets
208,291
197,421
Called up share capital
100
100
Profit and loss account
208,191
197,321
Shareholders' funds
208,291
197,421
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 November 2024 and were signed on its behalf by
Gurbax Kaur
Director
Company Registration No. 03090597
Saga Fashions Limited
Notes to the Accounts
for the year ended 31 August 2024
Saga Fashions Limited is a private company, limited by shares, registered in England and Wales, registration number 03090597. The registered office is Buttercrock Wharf Vicarage Lane, Hoo St. Werburgh, , Rochester, Kent, ME3 9LA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
771,932
62,511
23,500
7,699
865,642
At 31 August 2024
771,932
62,511
23,500
7,699
865,642
At 1 September 2023
-
62,511
23,500
7,699
93,710
At 31 August 2024
-
62,511
23,500
7,699
93,710
At 31 August 2024
771,932
-
-
-
771,932
At 31 August 2023
771,932
-
-
-
771,932
Saga Fashions Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
10,648
Taxes and social security
2,550
16,761
6
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
556,929
543,860
Bounce Back Loan Scheme (BBLS):
The Bounce Back Loan of £50,000 have been received from Government assistance loans related to COVID-19. The government guarantees 100% of the loan and there will not be any fees or interest to pay for the first 12 months. After 12 months the interest rate will be 2.5% a year. The length of the loan is 6 years, but you can repay early without paying a fee.
The company's ultimate controlling party is Prestige Nursery Mattresses Ltd (CRN 06872930) by virtue of their ownership of 100% of the issued share capital in the company as of 31 August 2022.
Registered Office Address is Buttercrock Wharf Vicarage Lane, Hoo, Rochester, Kent, ME3 9LQ
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).