Registered number
07615705
Saddex Ltd
Filleted Accounts
30 April 2024
Saddex Ltd
Registered number: 07615705
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,575 5,985
Current assets
Stocks 8,000 8,000
Debtors 4 - 2,006
Cash at bank and in hand 6,358 702
14,358 10,708
Creditors: amounts falling due within one year 5 (8,791) (9,397)
Net current assets 5,567 1,311
Total assets less current liabilities 9,142 7,296
Creditors: amounts falling due after more than one year 6 (4,625) (7,016)
Net assets 4,517 280
Capital and reserves
Called up share capital 100 100
Profit and loss account 4,417 180
Shareholder's funds 4,517 280
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Grzegorz Filipiak
Director
Approved by the board on 08.04.25
Saddex Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Where material deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 3,948 6,000 9,948
At 30 April 2024 3,948 6,000 9,948
Depreciation
At 1 May 2023 2,463 1,500 3,963
Charge for the year 910 1,500 2,410
At 30 April 2024 3,373 3,000 6,373
Net book value
At 30 April 2024 575 3,000 3,575
At 30 April 2023 1,485 4,500 5,985
4 Debtors 2024 2023
£ £
Other debtors - 2,006
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,700 3,654
Trade creditors 1,541 1,971
Taxation and social security costs 4,531 3,771
Other creditors 19 1
8,791 9,397
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,625 7,016
7 Other information
Saddex Ltd is a private company limited by shares and incorporated in England. Its registered office is:
54 Cross Waters Close
Wootton
Northampton
NN4 6AL
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