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Registered number: 10419197
SAS Micro Limited
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Company Information 1
Accountants' Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—9
Page 1
Company Information
Directors William Sterling
Finlay Everington
Meha Bakhai (Appointed 29 October 2024)
Company Number 10419197
Registered Office SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
Accountants Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Accountants' Report
Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of SAS Micro Limited For The Year Ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SAS Micro Limited For The Year Ended 30 September 2024 which comprise the Income Statement, the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of SAS Micro Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of SAS Micro Limited and state those matters that we have agreed to state to the directors of SAS Micro Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SAS Micro Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that SAS Micro Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of SAS Micro Limited . You consider that SAS Micro Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of SAS Micro Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Sterling Accounting Solutions Ltd
27/06/2025
Sterling Accounting Solutions Ltd
Chartered Accountants
SAS House
Chipperfield Road
Kings Langley
Hertfordshire
WD4 9JB
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Statement of Financial Position
Registered number: 10419197
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,761 4,403
Investments 5 95,221 95,221
96,982 99,624
CURRENT ASSETS
Debtors 6 46,642 43,833
Cash at bank and in hand 2,388 15,605
49,030 59,438
Creditors: Amounts Falling Due Within One Year 7 (43,690 ) (54,460 )
NET CURRENT ASSETS (LIABILITIES) 5,340 4,978
TOTAL ASSETS LESS CURRENT LIABILITIES 102,322 104,602
Creditors: Amounts Falling Due After More Than One Year 8 (57,369 ) (80,546 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (441 ) (1,101 )
NET ASSETS 44,512 22,955
CAPITAL AND RESERVES
Called up share capital 11 1 1
Income Statement 44,511 22,954
SHAREHOLDERS' FUNDS 44,512 22,955
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For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Income Statement.
On behalf of the board
William Sterling
Director
27/06/2025
The notes on pages 5 to 9 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SAS Micro Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10419197 . The registered office is SAS House, Chipperfield Road, Kings Langley, Hertfordshire, WD4 9JB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
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.
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:
Website Development 20% straight line
Computer Equipment 25% straight line
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2.4. 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. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
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. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the income statement as they become payable in accordance with the rules of the scheme.
2.6. Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 5)
6 5
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4. Tangible Assets
Website Development Computer Equipment Total
£ £ £
Cost
As at 1 October 2023 4,242 12,080 16,322
As at 30 September 2024 4,242 12,080 16,322
Depreciation
As at 1 October 2023 3,237 8,682 11,919
Provided during the period 848 1,794 2,642
As at 30 September 2024 4,085 10,476 14,561
Net Book Value
As at 30 September 2024 157 1,604 1,761
As at 1 October 2023 1,005 3,398 4,403
5. Investments
Unlisted
£
Cost
As at 1 October 2023 95,221
As at 30 September 2024 95,221
Provision
As at 1 October 2023 -
As at 30 September 2024 -
Net Book Value
As at 30 September 2024 95,221
As at 1 October 2023 95,221
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 27,540 31,506
Other debtors 19,102 12,327
46,642 43,833
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,626 -
Bank loans and overdrafts 5,556 5,556
Corporation tax 8,216 4,662
Other taxes and social security 1,486 -
VAT 14,043 8,149
Other creditors 5,933 6,177
Accruals and deferred income 6,830 29,916
43,690 54,460
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,926 31,482
Other creditors 31,443 49,064
57,369 80,546
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 441 1,101
10. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 October 2023 1,101 1,101
Utilised (660 ) (660)
Balance at 30 September 2024 441 441
11. Share Capital
2024 2023
Allotted, called up and fully paid £ £
100 Ordinary Shares of £ 0.01 each 1 1
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12. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 2,000 4,000
13. Ultimate Controlling Party
As at the reporting date the company's ultimate controlling party was William Sterling & Finlay Everington by virtue of their ownership of 100% of the issued share capital in the company.
On 27 October 2024 there was a change in the company's ownership therefore the company's ultimate parent undertaking is SAS Group Partners Limited who controls majority of the shares of SAS Micro Ltd.
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