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REGISTERED NUMBER: 05131834 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SAFFRON ACCESSORIES LIMITED

SAFFRON ACCESSORIES LIMITED (REGISTERED NUMBER: 05131834)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAFFRON ACCESSORIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: A K Pala





SECRETARY: Mrs M Nandha-Pala





REGISTERED OFFICE: 197 Larkshall Road
Chingford
London
E4 6NT





REGISTERED NUMBER: 05131834 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

SAFFRON ACCESSORIES LIMITED (REGISTERED NUMBER: 05131834)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,407 8,544

CURRENT ASSETS
Stocks 93,575 109,180
Debtors 5 17,865 19,499
Cash at bank and in hand 5,354 11,554
116,794 140,233
CREDITORS
Amounts falling due within one year 6 106,412 104,380
NET CURRENT ASSETS 10,382 35,853
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,789

44,397

CREDITORS
Amounts falling due after more than one
year

7

(15,000

)

(25,000

)

PROVISIONS FOR LIABILITIES (3,400 ) (3,400 )
NET (LIABILITIES)/ASSETS (1,611 ) 15,997

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,613 ) 15,995
SHAREHOLDERS' FUNDS (1,611 ) 15,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SAFFRON ACCESSORIES LIMITED (REGISTERED NUMBER: 05131834)

BALANCE SHEET - continued
30 SEPTEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 June 2025 and were signed by:





A K Pala - Director


SAFFRON ACCESSORIES LIMITED (REGISTERED NUMBER: 05131834)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Saffron Accessories Limited 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.

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.

Turnover
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.
Short leasehold - 10% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 15 ) .

SAFFRON ACCESSORIES LIMITED (REGISTERED NUMBER: 05131834)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 14,203 170,611 17,239 202,053
DEPRECIATION
At 1 October 2023 14,203 163,280 16,026 193,509
Charge for year - 1,833 304 2,137
At 30 September 2024 14,203 165,113 16,330 195,646
NET BOOK VALUE
At 30 September 2024 - 5,498 909 6,407
At 30 September 2023 - 7,331 1,213 8,544

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 5,943 5,711
Other debtors 11,922 13,788
17,865 19,499

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 31,491 25,244
Trade creditors 6,943 2,610
Amounts owed to associates 22,000 15,000
Taxation and social security 21,128 19,355
Other creditors 24,850 42,171
106,412 104,380

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 15,000 25,000

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr & Mrs Pala.