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REGISTERED NUMBER: 03219339 (England and Wales)

















S.A.I. HOME IMPROVEMENTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024






S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S.A.I. HOME IMPROVEMENTS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024







DIRECTORS: S P Duggal
R K Duggal





REGISTERED OFFICE: 14 Marsh Way
Fairview Industrial Park
Rainham
Essex
RM13 8UH





REGISTERED NUMBER: 03219339 (England and Wales)





ACCOUNTANTS: Jones Hunt & Keelings
Chartered Certified Accountants and
Chartered Tax Advisers
Broad House
1 The Broadway
Old Hatfield
Hertfordshire
AL9 5BG

S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 772,038 1,071,660
Investments 5 27,660 27,660
799,698 1,099,320

CURRENT ASSETS
Stocks 940,481 1,054,396
Debtors 6 620,551 762,766
Cash at bank and in hand 3,788,892 2,029,256
5,349,924 3,846,418
CREDITORS
Amounts falling due within one year 7 2,480,988 1,347,383
NET CURRENT ASSETS 2,868,936 2,499,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,668,634

3,598,355

CREDITORS
Amounts falling due after more than one
year

8

-

(340,935

)

PROVISIONS FOR LIABILITIES 10 (54,909 ) (101,244 )
NET ASSETS 3,613,725 3,156,176

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 3,612,725 3,155,176
SHAREHOLDERS' FUNDS 3,613,725 3,156,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

BALANCE SHEET - continued
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.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





S P Duggal - Director


S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

S.a.i. Home Improvements 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The directors have a reasonable expectation that the company will continue to operate for the foreseeable future and so these financial statements are again prepared on the going concern basis.

Significant judgements and estimates
In preparing these financial statements, the directors have exercised judgement in the following principal areas:
- In determining the depreciation rates of tangible fixed assets, which are depreciated over their useful lives, taking into account residual values, where appropriate. The actual lives of the assets are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as past experience and expected performance are taken into account.
- In estimating the quantum of doubtful debts when collection of the full amount is no longer probable. The directors' best estimate is based on the period the debt has been outstanding and the difficulties experienced and anticipated in pursuing collection.
- In assessing the net realisable value of the company's stocks. Factors taken into consideration in reaching a decision include sales in the previous year and forecasts for the coming year.
- In determining whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching a decision include the economic viability and expected future financial performance of the asset and, where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
- In determining the costs incurred as a result of the fire, factors taken into consideration are the nature of the costs and, in some cases, a comparison of the company's normal level of expenditure prior to the fire projected over the year and the actual costs incurred.

Turnover
The company sells building materials and recognises sales when these are dispatched. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost and 2% on cost
Improvements to property - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 period 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors, are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Intangible assets and investments
Investments in base metals are classified as fixed asset investments. Investments in base metal options and base metals are initially measured at cost but subsequently stated at market value, with any gains or losses recognised in the Profit and Loss Account.

Insurance claims
Income from insurance claims is recognised only when the realisation of the claim is certain.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 20 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improveme
Freehold Short to
property leasehold property
£    £    £   
COST
At 1 March 2023
and 31 August 2024 47,639 280,652 519,750
DEPRECIATION
At 1 March 2023 - 88,376 124,325
Charge for period - 33,544 77,963
At 31 August 2024 - 121,920 202,288
NET BOOK VALUE
At 31 August 2024 47,639 158,732 317,462
At 28 February 2023 47,639 192,276 395,425

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023
and 31 August 2024 318,201 278,168 294,512 1,738,922
DEPRECIATION
At 1 March 2023 156,832 120,957 176,772 667,262
Charge for period 60,513 83,450 44,152 299,622
At 31 August 2024 217,345 204,407 220,924 966,884
NET BOOK VALUE
At 31 August 2024 100,856 73,761 73,588 772,038
At 28 February 2023 161,369 157,211 117,740 1,071,660

S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 March 2023 291,112 273,979 565,091
Transfer to ownership (70,410 ) (40,221 ) (110,631 )
At 31 August 2024 220,702 233,758 454,460
DEPRECIATION
At 1 March 2023 146,169 157,711 303,880
Charge for period 54,354 43,600 97,954
Transfer to ownership (53,076 ) (30,934 ) (84,010 )
At 31 August 2024 147,447 170,377 317,824
NET BOOK VALUE
At 31 August 2024 73,255 63,381 136,636
At 28 February 2023 144,943 116,268 261,211

5. FIXED ASSET INVESTMENTS

Investments were as follows:

2024 2023
£ £

Base metals 27,661 27,661
27,661 27,661

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,328 359,766
Other debtors 451,223 403,000
620,551 762,766

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 46,955
Hire purchase contracts (see note 9) 122,873 116,543
Trade creditors 1,342,794 842,132
Taxation and social security 324,489 182,976
Other creditors 690,832 158,777
2,480,988 1,347,383

S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 87,480
Other creditors - 253,455
- 340,935

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 122,873 116,543
Between one and five years - 87,480
122,873 204,023

Non-cancellable operating leases
2024 2023
£    £   
Within one year 180,000 180,000
Between one and five years 720,000 720,000
In more than five years 150,000 425,412
1,050,000 1,325,412

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 54,909 101,244

Deferred
tax
£   
Balance at 1 March 2023 101,244
Depreciation in advance of
capital allowances (46,335 )
Balance at 31 August 2024 54,909

S.A.I. HOME IMPROVEMENTS LTD (REGISTERED NUMBER: 03219339)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 31 AUGUST 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value: £ £

400 Ordinary 'A' £1 400 400
50 Ordinary 'B' £1 50 50
50 Ordinary 'C' £1 50 50
400 Ordinary 'D' £1 400 400
50 Ordinary 'E' £1 50 50
50 Ordinary 'F' £1 50 50
1,000 1,000

12. RELATED PARTY DISCLOSURES

During the year:
- the company paid salaries of £43,600 (2023: £28,800) to the directors; and
- the company repaid £26,476 (2023: £49,299) to the directors.

At the balance sheet date the company owed £4,280 (2023: £30,756) to the directors. No arrangements have been made as to payment of interest or repayment of capital in respect of this loan.