Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-317The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-04-01false46180 - Agents specialised in the sale of other particular products7falsetruefalse 03902012 2024-04-01 2025-03-31 03902012 2023-04-01 2024-03-31 03902012 2025-03-31 03902012 2024-03-31 03902012 c:Director2 2024-04-01 2025-03-31 03902012 d:Buildings d:ShortLeaseholdAssets 2024-04-01 2025-03-31 03902012 d:Buildings d:ShortLeaseholdAssets 2025-03-31 03902012 d:Buildings d:ShortLeaseholdAssets 2024-03-31 03902012 d:FurnitureFittings 2024-04-01 2025-03-31 03902012 d:FurnitureFittings 2025-03-31 03902012 d:FurnitureFittings 2024-03-31 03902012 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03902012 d:OfficeEquipment 2024-04-01 2025-03-31 03902012 d:OfficeEquipment 2025-03-31 03902012 d:OfficeEquipment 2024-03-31 03902012 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03902012 d:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 03902012 d:CurrentFinancialInstruments 2025-03-31 03902012 d:CurrentFinancialInstruments 2024-03-31 03902012 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 03902012 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03902012 d:ShareCapital 2025-03-31 03902012 d:ShareCapital 2024-03-31 03902012 d:RetainedEarningsAccumulatedLosses 2025-03-31 03902012 d:RetainedEarningsAccumulatedLosses 2024-03-31 03902012 d:AcceleratedTaxDepreciationDeferredTax 2025-03-31 03902012 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 03902012 c:OrdinaryShareClass1 2024-04-01 2025-03-31 03902012 c:OrdinaryShareClass1 2025-03-31 03902012 c:OrdinaryShareClass1 2024-03-31 03902012 c:FRS102 2024-04-01 2025-03-31 03902012 c:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 03902012 c:FullAccounts 2024-04-01 2025-03-31 03902012 c:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03902012 d:WithinOneYear 2025-03-31 03902012 d:WithinOneYear 2024-03-31 03902012 d:BetweenOneFiveYears 2025-03-31 03902012 d:BetweenOneFiveYears 2024-03-31 03902012 e:PoundSterling 2024-04-01 2025-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03902012










SARSEN TECHNOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2025

 
SARSEN TECHNOLOGY LIMITED
REGISTERED NUMBER: 03902012

BALANCE SHEET
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,758
12,834

  
11,758
12,834

Current assets
  

Stocks
  
20,848
1,479

Debtors: amounts falling due within one year
 5 
404,656
1,541,944

Cash at bank and in hand
 6 
749,149
1,185,971

  
1,174,653
2,729,394

Creditors: amounts falling due within one year
 7 
(339,885)
(1,703,616)

Net current assets
  
 
 
834,768
 
 
1,025,778

Total assets less current liabilities
  
846,526
1,038,612

Provisions for liabilities
  

Deferred tax
 8 
(2,940)
(3,209)

  
 
 
(2,940)
 
 
(3,209)

Net assets
  
843,586
1,035,403


Capital and reserves
  

Called up share capital 
  
15,000
15,000

Profit and loss account
  
828,586
1,020,403

  
843,586
1,035,403


Page 1

 
SARSEN TECHNOLOGY LIMITED
REGISTERED NUMBER: 03902012

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




N E Norman
Director

Date: 11 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SARSEN TECHNOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Sarsen Technology Limited is a private company limited by shares and incorporated in England and Wales. Its registration number is 03902012 and the address of its principle place of business is 23-24 High Street, Marlborough, England, SN8 1LW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
SARSEN TECHNOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property
-
36-38%
Fixtures and fittings
-
15%
Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
SARSEN TECHNOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and laibilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2024 - 7).

Page 5

 
SARSEN TECHNOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Short-term leasehold property
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2024
-
7,162
31,418
38,580


Additions
5,178
-
1,981
7,159


Disposals
-
-
(2,613)
(2,613)



At 31 March 2025

5,178
7,162
30,786
43,126



Depreciation


At 1 April 2024
-
7,162
18,584
25,746


Charge for the year on owned assets
1,470
-
5,642
7,112


Disposals
-
-
(1,490)
(1,490)



At 31 March 2025

1,470
7,162
22,736
31,368



Net book value



At 31 March 2025
3,708
-
8,050
11,758



At 31 March 2024
-
-
12,834
12,834


5.


Debtors

2025
2024
£
£


Trade debtors
368,972
1,514,904

Prepayments and accrued income
35,684
27,040

404,656
1,541,944



6.


Cash and cash equivalents

2025
2024
£
£

Cash at bank and in hand
749,149
1,185,971


Page 6

 
SARSEN TECHNOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

7.


Creditors: amounts falling due within one year

2025
2024
£
£

Trade creditors
193,541
1,093,277

Corporation tax
436
186,185

Other taxation and social security
119,120
337,437

Other creditors
1,162
19,783

Accruals and deferred income
25,626
66,934

339,885
1,703,616



8.


Deferred taxation




2025


£






At beginning of year
(3,209)


Charged to profit or loss
269



At end of year
(2,940)

The provision for deferred taxation is made up as follows:

2025
2024
£
£


Accelerated capital allowances
(2,940)
(3,209)

(2,940)
(3,209)


9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



15,000 (2024 - 15,000) Ordinary shares of £1.00 each
15,000
15,000



10.


Pension commitments

The Company operates a defined contribution pension scheme for its employees. The assets of the scheme are held seperately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company and amounted to £7,041 (2024: £6,350). There were contributions totaling £935 (2024: £1,387) payable to the fund at the balance sheet date. 

Page 7

 
SARSEN TECHNOLOGY LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

11.


Commitments under operating leases

At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2025
2024
£
£


Not later than 1 year
18,000
25,412

Later than 1 year and not later than 5 years
16,500
34,500

34,500
59,912


12.


Controlling party

The Company was controlled by its directors until 31 March 2025. On 1 April 2025 the directors sold their shares to Hiper Global UK Ltd, a company registered in England & Wales. On 1 April 2025, the ultimate parent company was Hiper Global Ltd, a company registered in Isreal. 


Page 8