1 March 2024 false No description of principal activity Taxfiler 2024.6 09196590business:PrivateLimitedCompanyLtd2024-03-012025-02-28 091965902024-02-29 091965902024-03-012025-02-28 09196590business:AuditExemptWithAccountantsReport2024-03-012025-02-28 09196590business:FilletedAccounts2024-03-012025-02-28 091965902025-02-28 09196590business:Director12024-03-012025-02-28 09196590business:RegisteredOffice2024-03-012025-02-28 091965902024-02-29 09196590core:WithinOneYear2025-02-28 09196590core:WithinOneYear2024-02-29 09196590core:ShareCapitalcore:PreviouslyStatedAmount2025-02-28 09196590core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 09196590core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-02-28 09196590core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 09196590core:PreviouslyStatedAmount2025-02-28 09196590core:PreviouslyStatedAmount2024-02-29 09196590business:SmallEntities2024-03-012025-02-28 09196590countries:EnglandWales2024-03-012025-02-28 09196590core:PlantMachinery2024-03-012025-02-28 09196590core:PlantMachinery2024-02-29 09196590core:PlantMachinery2025-02-28 091965902023-03-012024-02-29 iso4217:GBP xbrli:pure
Company Registration No. 09196590 (England and Wales)
Savernake Technology Limited Unaudited accounts for the year ended 28 February 2025
Savernake Technology Limited Unaudited accounts Contents
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Savernake Technology Limited Company Information for the year ended 28 February 2025
Director
Mr S Barry
Company Number
09196590 (England and Wales)
Registered Office
c/o Coles Accounting, Newton Hall Town Street Newton Cambridge Cambridgeshire CB22 7ZE England
Accountants
Coles Accounting (Cambridge) Limited Newton Hall Town Street, Newton Cambridge Cambridgeshire CB22 7ZE
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Savernake Technology Limited Statement of financial position as at 28 February 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,236 
4,259 
Current assets
Debtors
402,076 
381,836 
Cash at bank and in hand
84,396 
26,591 
486,472 
408,427 
Creditors: amounts falling due within one year
(296,473)
(272,983)
Net current assets
189,999 
135,444 
Total assets less current liabilities
191,235 
139,703 
Provisions for liabilities
Deferred tax
(236)
(812)
Net assets
190,999 
138,891 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
190,899 
138,791 
Shareholders' funds
190,999 
138,891 
For the year ending 28 February 2025 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 June 2025 and were signed on its behalf by
Mr S Barry Director Company Registration No. 09196590
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Savernake Technology Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Savernake Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 09196590. The registered office is c/o Coles Accounting, Newton Hall, Town Street, Newton, Cambridge, Cambridgeshire, CB22 7ZE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Savernake Technology Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2024
70,385 
At 28 February 2025
70,385 
Depreciation
At 1 March 2024
66,126 
Charge for the year
3,023 
At 28 February 2025
69,149 
Net book value
At 28 February 2025
1,236 
At 29 February 2024
4,259 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
382,055 
366,302 
Other debtors
20,021 
15,534 
402,076 
381,836 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
30,986 
11,695 
Amounts owed to group undertakings and other participating interests
251,586 
250,000 
Taxes and social security
11,601 
7,812 
Other creditors
2,420 
3,596 
Loans from directors
(120)
(120)
296,473 
272,983 
7
Transactions with related parties
At the year end the Company was owed by Savernake Capital Limited (Guernsey) £272,400 (2024: £267,400). The Company was owed by Ernest Media Limited £34,077 (2024: £24,540). The Company owed LittleFish FX Limited £176,009 (2024: £175,647). Included within bad debts for the year ended 28 February 2025 is the write off of balances owed by Praebo Limited (£744), Malherbe Limited (£1,128) . All entities share one or more common directors.
8
Average number of employees
During the year the average number of employees was 4 (2024: 7).
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