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REGISTERED NUMBER: 07374019 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Saracen Distribution Limited

Saracen Distribution Limited (Registered number: 07374019)

Contents of the Financial Statements
for the year ended 30 November 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Saracen Distribution Limited

Company Information
for the year ended 30 November 2024







Director: M F Evans





Registered office: Unit 9, Grandstand Business Centre
Faraday Road
Hereford
HR4 9NS





Registered number: 07374019 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Trading Estate
Hereford
Herefordshire
HR1 2SF

Saracen Distribution Limited (Registered number: 07374019)

Abridged Balance Sheet
30 November 2024

30/11/24 30/11/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 246,590 268,599
Investments 6 1,330 340
247,920 268,939

CURRENT ASSETS
Stocks 1,833,997 1,675,465
Debtors 387,111 409,519
Cash at bank 315,117 386,109
2,536,225 2,471,093
CREDITORS
Amounts falling due within one year (940,738 ) (970,458 )
NET CURRENT ASSETS 1,595,487 1,500,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,843,407

1,769,574

CREDITORS
Amounts falling due after more than one year 7 (63,166 ) (82,184 )

PROVISIONS FOR LIABILITIES (28,629 ) (30,894 )
NET ASSETS 1,751,612 1,656,496

CAPITAL AND RESERVES
Called up share capital 10 1,100 1,100
Retained earnings 1,750,512 1,655,396
SHAREHOLDERS' FUNDS 1,751,612 1,656,496

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Saracen Distribution Limited (Registered number: 07374019)

Abridged Balance Sheet - continued
30 November 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





M F Evans - Director


Saracen Distribution Limited (Registered number: 07374019)

Notes to the Financial Statements
for the year ended 30 November 2024


1. STATUTORY INFORMATION

Saracen Distribution 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Saracen Distribution Limited (Registered number: 07374019)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 December 2023
and 30 November 2024 139,011
Amortisation
At 1 December 2023
and 30 November 2024 139,011
Net book value

At 30 November 2024 -
At 30 November 2023 -

Saracen Distribution Limited (Registered number: 07374019)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


5. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 December 2023 488,683
Additions 34,397
Disposals (47,013 )
At 30 November 2024 476,067
Depreciation
At 1 December 2023 220,084
Charge for year 47,319
Eliminated on disposal (37,926 )
At 30 November 2024 229,477
Net book value
At 30 November 2024 246,590
At 30 November 2023 268,599

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
Cost
At 1 December 2023 340
Additions 990
At 30 November 2024 1,330
Net book value
At 30 November 2024 1,330
At 30 November 2023 340

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bearings Seals & Belts Limited
Registered office: United Kingdom
Nature of business:
%
Class of shares: holding
Ordinary 100.00
30/11/24 30/11/23
£    £   
Aggregate capital and reserves (15,626 ) (56,380 )
Profit/(loss) for the year 40,754 (3,150 )

Saracen Distribution Limited (Registered number: 07374019)

Notes to the Financial Statements - continued
for the year ended 30 November 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30/11/24 30/11/23
£    £   
Repayable by instalments
Bank loans payable after more than 5 years by
instalments

3,236

23,472

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/11/24 30/11/23
£    £   
Within one year 13,300 13,300
Between one and five years 45,441 53,200
In more than five years - 5,541
58,741 72,041

9. SECURED DEBTS

The following secured debts are included within creditors:

30/11/24 30/11/23
£    £   
Bank Loan 50,372 62,746

Barclays bank PLC hold a legal charge over the leasehold property known as unit 8 Grandstand business centre, Westfields tradings estate, Hereford, HR4 9NS.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/11/24 30/11/23
value: £    £   
1,000 Ordinary £1 1,000 1,000
100 Ordinary B £1 100 100
1,100 1,100