REGISTERED NUMBER: 12216033 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

SAFFERY READ LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E A Saffery

T P Saffery

REGISTERED OFFICE:

2 Birtley Courtyard

Bramley

Guildford

Surrey

GU5 0LA

REGISTERED NUMBER:

12216033 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

43,569

16,927

CURRENT ASSETS

Stocks

89,050

-

Debtors

5

86,972

341,499

Cash at bank

127,406

115,935

303,428

457,434

CREDITORS

Amounts falling due within one year

6

346,189

473,053

NET CURRENT LIABILITIES

(42,761

)

(15,619

)

TOTAL ASSETS LESS CURRENT LIABILITIES

808

1,308

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

806

1,306

808

1,308

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th September 2025 and were signed on its behalf by:

T P Saffery - Director

1.	STATUTORY INFORMATION

Saffery Read 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st October 2023

3,195

36,799

10,278

50,272

Additions

1,488

46,990

5,008

53,486

Disposals

-

(36,799

)

(6,130

)

(42,929

)

At 30th September 2024

4,683

46,990

9,156

60,829

DEPRECIATION

At 1st October 2023

1,351

25,155

6,839

33,345

Charge for year

849

11,748

2,290

14,887

Eliminated on disposal

-

(25,155

)

(5,817

)

(30,972

)

At 30th September 2024

2,200

11,748

3,312

17,260

NET BOOK VALUE

At 30th September 2024

2,483

35,242

5,844

43,569

At 30th September 2023

1,844

11,644

3,439

16,927

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,646

78,945

Other debtors

61,944

262,554

63,590

341,499

2024

2023

£

£

Amounts falling due after more than one year:

Other debtors

23,382

-

Aggregate amounts

86,972

341,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

53,556

Trade creditors

73,457

248,253

Taxation and social security

162,288

160,057

Other creditors

110,444

11,187

346,189

473,053

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th September 2024 and 30th September 2023:

2024

2023

£

£

E A Saffery

Balance outstanding at start of year

41,793

48,254

Amounts advanced

51,298

39,539

Amounts repaid

(58,450

)

(46,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,641

41,793

T P Saffery

Balance outstanding at start of year

41,793

48,254

Amounts advanced

51,298

43,539

Amounts repaid

(58,450

)

(50,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

34,641

41,793

The loans to the directors are repayable on demand. Interest was charged at 2.25%.

8.	RELATED PARTY DISCLOSURES

During the year there were various transactions arising involving individual directors. These transactions are deemed to have arisen at normal market rates and as such no additional disclosure is required. These transactions do not materially impact on the understanding of these financial statements.

9.	ULTIMATE CONTROLLING PARTY

The directors jointly control.