Company registration number: 15078984
Unaudited financial statements
for the period ended 31 August 2024
for
Saturn Fintech Limited
Pages for filing with the Registrar
Company registration number: 15078984
Saturn Fintech Limited
Balance sheet
as at 31 August 2024
Note £ £
Fixed assets
Intangible assets 4 1,776
1,776
Current assets
Debtors 2,317
Cash at bank and in hand 48,296
50,613
Creditors: amounts falling due within one
year
(29,764)
Net current assets 20,849
Total assets less current liabilities 22,625
Creditors: Amounts falling due after more
than one year
(702)
NET ASSETS 21,923
Capital and reserves
Called up share capital 3
Share premium account 74,995
Profit and loss account (53,075)
TOTAL EQUITY 21,923
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 August 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 15078984
Saturn Fintech Limited
Balance sheet - continued
as at 31 August 2024
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 15 May 2025 and signed on its behalf by:
Mr R Vaish, Director
15 May 2025
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Saturn Fintech Limited
Notes to the financial statements
for the period ended 31 August 2024
1 Company information
Saturn Fintech Limited is a private company registered in England and Wales. Its registered number is 15078984. The company is limited by shares. Its registered office is 8 Devonshire Square, Saturn Fintech Ltd., London, EC2M 4YJ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer software - 25% reducing balance
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 3.
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Saturn Fintech Limited
Notes to the financial statements - continued
for the period ended 31 August 2024
4 Intangible assets
Other
intangible
assets
£
Cost
Additions 2,368
At 31 August 2024 2,368
Amortisation
Charge for period 592
At 31 August 2024 592
Net book value
At 31 August 2024 1,776
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