During the year, the company made interest-free advances to a director amounting to £14,136 (PY: £3,301).

The company received repayments of £5,257 (PY: £4,048). At the year end, the balance outstanding on the director’s loan account was £12,438 (PY: £3,559). No amounts were written off or waived during the year.

The average number of persons, including directors, employed by the company during the year was as follows:

The company's financial statements have not been prepared on a going concern basis.

At 30 December 2024 the company has net liabilities of £201,099 (2023: Net liabilities £163,889) having made a loss after tax of £37,210 (2023: Loss after tax £16,294) for the period then ended.

Saphex Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2 Prospect Works, Century Park Industrial Estate, Darnall Road, Sheffield, S9 5AH.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.

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

For the year ended 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime', and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true