Silverfin false false 31/08/2024 01/09/2023 31/08/2024 I L Hamilton 01/12/2022 B J H Saxton 09/08/2022 27 May 2025 The principle activity of the Company during the financial year was that of Sailing services. 14286711 2024-08-31 14286711 bus:Director1 2024-08-31 14286711 bus:Director2 2024-08-31 14286711 2023-08-31 14286711 core:CurrentFinancialInstruments 2024-08-31 14286711 core:CurrentFinancialInstruments 2023-08-31 14286711 core:ShareCapital 2024-08-31 14286711 core:ShareCapital 2023-08-31 14286711 core:RetainedEarningsAccumulatedLosses 2024-08-31 14286711 core:RetainedEarningsAccumulatedLosses 2023-08-31 14286711 core:PlantMachinery 2023-08-31 14286711 core:Vehicles 2023-08-31 14286711 core:PlantMachinery 2024-08-31 14286711 core:Vehicles 2024-08-31 14286711 bus:OrdinaryShareClass1 2024-08-31 14286711 2023-09-01 2024-08-31 14286711 bus:FilletedAccounts 2023-09-01 2024-08-31 14286711 bus:SmallEntities 2023-09-01 2024-08-31 14286711 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 14286711 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 14286711 bus:Director1 2023-09-01 2024-08-31 14286711 bus:Director2 2023-09-01 2024-08-31 14286711 core:PlantMachinery core:BottomRangeValue 2023-09-01 2024-08-31 14286711 core:PlantMachinery core:TopRangeValue 2023-09-01 2024-08-31 14286711 core:Vehicles core:TopRangeValue 2023-09-01 2024-08-31 14286711 2022-08-09 2023-08-31 14286711 core:PlantMachinery 2023-09-01 2024-08-31 14286711 core:Vehicles 2023-09-01 2024-08-31 14286711 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 14286711 bus:OrdinaryShareClass1 2022-08-09 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14286711 (England and Wales)

SAX100 LIMITED

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

SAX100 LIMITED

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

SAX100 LIMITED

BALANCE SHEET

As at 31 August 2024
SAX100 LIMITED

BALANCE SHEET (continued)

As at 31 August 2024
Note 31.08.2024 31.08.2023
£ £
Fixed assets
Tangible assets 3 24,012 26,441
24,012 26,441
Current assets
Debtors 4 6,533 9,103
Cash at bank and in hand 36,056 6,257
42,589 15,360
Creditors: amounts falling due within one year 5 ( 24,972) ( 19,996)
Net current assets/(liabilities) 17,617 (4,636)
Total assets less current liabilities 41,629 21,805
Net assets 41,629 21,805
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account 41,627 21,803
Total shareholders' funds 41,629 21,805

For the financial 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.

Directors' responsibilities:

The financial statements of SAX100 Limited (registered number: 14286711) were approved and authorised for issue by the Board of Directors on 27 May 2025. They were signed on its behalf by:

B J H Saxton
Director
SAX100 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
SAX100 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

SAX100 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Rufus Cottage, Bartley Road, Woodlands, Southampton, Hampshire SO40 7GP.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 3 - 5 years straight line
Vehicles 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

2. Employees

Year ended
31.08.2024
Period from
09.08.2022 to
31.08.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 September 2023 11,700 21,801 33,501
Additions 6,105 0 6,105
Disposals ( 1,000) 0 ( 1,000)
At 31 August 2024 16,805 21,801 38,606
Accumulated depreciation
At 01 September 2023 2,700 4,360 7,060
Charge for the financial year 3,285 4,360 7,645
Disposals ( 111) 0 ( 111)
At 31 August 2024 5,874 8,720 14,594
Net book value
At 31 August 2024 10,931 13,081 24,012
At 31 August 2023 9,000 17,441 26,441

4. Debtors

31.08.2024 31.08.2023
£ £
Trade debtors 6,532 9,103
Other debtors 1 0
6,533 9,103

5. Creditors: amounts falling due within one year

31.08.2024 31.08.2023
£ £
Taxation and social security 19,349 16,827
Other creditors 5,623 3,169
24,972 19,996

6. Called-up share capital

31.08.2024 31.08.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 1.00 each 2 2