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Company Registration No. 12378838 (England and Wales)
SARIS-UK LTD Unaudited accounts for the year ended 31 December 2024
SARIS-UK LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
SARIS-UK LTD Company Information for the year ended 31 December 2024
Directors
Ivailo Zamfirov Vasil Petrov
Company Number
12378838 (England and Wales)
Registered Office
54 Sydney Road Sutton Surrey SM1 2QL England
Accountants
Nikolay Atanasov, Shubraka Opportunities Limited 85 Great Portland Street First Floor London W1W 7LT
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SARIS-UK LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
40,493 
70,807 
Current assets
Inventories
325,627 
332,272 
Debtors
5
679,828 
708,147 
Cash at bank and in hand
525,877 
126,835 
1,531,332 
1,167,254 
Creditors: amounts falling due within one year
6
(1,354,619)
(1,117,144)
Net current assets
176,713 
50,110 
Total assets less current liabilities
217,206 
120,917 
Creditors: amounts falling due after more than one year
7
(55,211)
(82,533)
Net assets
161,995 
38,384 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
161,895 
38,284 
Shareholders' funds
161,995 
38,384 
For the year ending 31 December 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by
Ivailo Zamfirov Director Company Registration No. 12378838
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SARIS-UK LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
SARIS-UK LTD is a private company, limited by shares, registered in England and Wales, registration number 12378838. The registered office is 54 Sydney Road, Sutton, Surrey, SM1 2QL, 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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Going concern
After reviewing the company’s forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
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:
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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SARIS-UK LTD Notes to the Accounts for the year ended 31 December 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
27,470 
82,003 
11,235 
9,437 
130,145 
Disposals
(12,000)
- 
- 
- 
(12,000)
At 31 December 2024
15,470 
82,003 
11,235 
9,437 
118,145 
Depreciation
At 1 January 2024
9,701 
35,087 
3,932 
10,618 
59,338 
Charge for the year
- 
15,482 
2,247 
2,096 
19,825 
On disposals
(1,511)
- 
- 
- 
(1,511)
At 31 December 2024
8,190 
50,569 
6,179 
12,714 
77,652 
Net book value
At 31 December 2024
7,280 
31,434 
5,056 
(3,277)
40,493 
At 31 December 2023
17,769 
46,916 
7,303 
(1,181)
70,807 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
271,652 
497,385 
Accrued income and prepayments
1,200 
1,200 
Other debtors
406,976 
209,562 
679,828 
708,147 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
68,345 
133,909 
Trade creditors
1,116,603 
747,504 
Taxes and social security
110,099 
187,832 
Other creditors
59,572 
47,872 
Loans from directors
- 
27 
1,354,619 
1,117,144 
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SARIS-UK LTD Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
16,211 
25,565 
Obligations under finance leases and hire purchase contracts
39,000 
56,968 
55,211 
82,533 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director loan 2
- 
79,089 
- 
79,089 
Director loan 1
62,178 
105,200 
62,178 
105,200 
62,178 
184,289 
62,178 
184,289 
Advances totaling £184,289 at the end of the accounting period were made to the directors. All advances were unsecured, interest-free and repayable on demand. The loans were fully repaid on 26/09/2025.
9
Transactions with related parties
Turnover includes £919,104 sales to related parties (2023-£1,257,134). Cost of sales include £2,216,292 purchases from related parties (2023-£2,884,461). The following balances with related parties were outstanding at year end: - Trade creditors, unsecured, payable on demand - £1,107,017 (2023- £724,283) There are no provisions for uncollectible receivables and recognised expenses for bad debt linked to related parties (£2023 - £0)
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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