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Registered number: 06752022
Sagitta Automotive Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06752022
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,913 21,690
3,913 21,690
CURRENT ASSETS
Stocks 5 298,331 390,743
Debtors 6 2,348 46,342
Cash at bank and in hand 81,398 81,256
382,077 518,341
Creditors: Amounts Falling Due Within One Year 7 (244,057 ) (339,479 )
NET CURRENT ASSETS (LIABILITIES) 138,020 178,862
TOTAL ASSETS LESS CURRENT LIABILITIES 141,933 200,552
Creditors: Amounts Falling Due After More Than One Year 8 (64,437 ) (92,779 )
NET ASSETS 77,496 107,773
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 77,396 107,673
SHAREHOLDERS' FUNDS 77,496 107,773
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For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G V Smith
Director
9 June 2025
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sagitta Automotive Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06752022 . The registered office is Sagitta Automotive Ltd , Dunstall Park Road, Derby, United Kingdom, DE24 8HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% straight line
Motor Vehicles 33.3% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 31,234 49,557 80,791
As at 31 March 2025 31,234 49,557 80,791
Depreciation
As at 1 April 2024 29,528 29,573 59,101
Provided during the period 1,275 16,502 17,777
As at 31 March 2025 30,803 46,075 76,878
Net Book Value
As at 31 March 2025 431 3,482 3,913
As at 1 April 2024 1,706 19,984 21,690
5. Stocks
2025 2024
£ £
Stock 298,331 390,743
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 905 45,621
Other taxes and social security 1,443 721
2,348 46,342
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 26,786 35,702
Trade creditors 30,519 53,131
Bank loans and overdrafts 10,986 66,667
Corporation tax 10,470 30,814
VAT 16,726 12,214
Other creditors 18,556 18,222
Accruals and deferred income 1,950 7,332
Director's loan account 128,064 115,397
244,057 339,479
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 54,590 71,946
Bank loans 9,847 20,833
64,437 92,779
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 26,786 35,702
Later than one year and not later than five years 54,590 71,946
81,376 107,648
81,376 107,648
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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