Registered number
03886716
SA UK 2K LTD
Filleted Accounts
31 December 2024
SA UK 2K LTD
Company Information
Directors
L Allen
W Rowe
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
1 The Wern
Lechlade
Glos
Registered number
03886716
SA UK 2K LTD
Registered number: 03886716
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 78,260 92,925
Current assets
Debtors 4 84,984 146,272
Cash at bank and in hand 100,655 32,473
185,639 178,745
Creditors: amounts falling due within one year 5 (86,894) (64,622)
Net current assets 98,745 114,123
Total assets less current liabilities 177,005 207,048
Creditors: amounts falling due after more than one year 6 (72,016) (104,971)
Net assets 104,989 102,077
Capital and reserves
Called up share capital 6 6
Profit and loss account 104,983 102,071
Shareholders' funds 104,989 102,077
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
L Allen W Rowe
Director
Approved by the board on 31 January 2025
SA UK 2K LTD
Notes to the Accounts
for the year ended 31 December 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Office equipment over 3 years
Motor vehicles over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 10 7
3 Tangible fixed assets
Plant and machinery Office equipment Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 16,460 19,413 175,006 210,879
Additions 956 4,094 19,782 24,832
At 31 December 2024 17,416 23,507 194,788 235,711
Depreciation
At 1 January 2024 15,475 18,363 84,116 117,954
Charge for the year 1,011 2,159 36,327 39,497
At 31 December 2024 16,486 20,522 120,443 157,451
Net book value
At 31 December 2024 930 2,985 74,345 78,260
At 31 December 2023 985 1,050 90,890 92,925
4 Debtors 2024 2023
£ £
Trade debtors 78,622 146,272
Other debtors 6,362 -
84,984 146,272
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 40,000 42,078
Taxation and social security costs 44,394 20,044
Other creditors 2,500 2,500
86,894 64,622
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 72,016 104,971
7 Controlling party
The company is controlled by the directors.
8 Other information
SA UK 2K LTD is a private company limited by shares and incorporated in England. Its registered office is:
1 The Wern
Lechlade
Glos
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