REGISTERED NUMBER: 08421922 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Sarissa Precision Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Cumming

Mrs P Cumming

A Hill

A A S Hagues

REGISTERED OFFICE:

Unit 6, Cromford Road

Langley Mill Industrial Estate

Nottingham

Nottinghamshire

NG16 4FL

REGISTERED NUMBER:

08421922 (England and Wales)

ACCOUNTANTS:

SP Accountancy Ltd

Lanes End

Ashover Road

Littlemoor

Chesterfield

Derbyshire

S45 0BL

FIXED ASSETS

Intangible assets

4

4,500

5,600

Tangible assets

5

85,864

69,067

90,364

74,667

CURRENT ASSETS

Stocks

16,734

15,431

Debtors

6

156,255

84,631

Cash at bank

23,232

29,921

196,221

129,983

CREDITORS

Amounts falling due within one year

7

221,876

137,864

NET CURRENT LIABILITIES

(25,655

)

(7,881

)

TOTAL ASSETS LESS CURRENT LIABILITIES

64,709

66,786

CREDITORS

Amounts falling due after more than one year

8

(1,667

)

(13,156

)

PROVISIONS FOR LIABILITIES

(21,466

)

(17,267

)

NET ASSETS

41,576

36,363

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

41,476

36,263

SHAREHOLDERS' FUNDS

41,576

36,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

A Hill - Director

1.	STATUTORY INFORMATION

Sarissa Precision 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.

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.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

straight line over 3 years, 25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

35,000

AMORTISATION

At 1 April 2024

29,400

Charge for year

1,100

At 31 March 2025

30,500

NET BOOK VALUE

At 31 March 2025

4,500

At 31 March 2024

5,600

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

183,130

17,584

-

10,464

211,178

Additions

3,231

3,862

25,207

5,756

38,056

Disposals

(46,400

)

-

-

-

(46,400

)

At 31 March 2025

139,961

21,446

25,207

16,220

202,834

DEPRECIATION

At 1 April 2024

129,662

5,735

-

6,714

142,111

Charge for year

14,238

2,357

525

4,139

21,259

Eliminated on disposal

(46,400

)

-

-

-

(46,400

)

At 31 March 2025

97,500

8,092

525

10,853

116,970

NET BOOK VALUE

At 31 March 2025

42,461

13,354

24,682

5,367

85,864

At 31 March 2024

53,468

11,849

-

3,750

69,067

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

85,850

55,510

Other debtors

70,405

29,121

156,255

84,631

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

1,492

2,238

Trade creditors

87,725

51,663

Taxation and social security

25,955

31,491

Other creditors

96,704

42,472

221,876

137,864

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,667

11,667

Hire purchase contracts

-

1,489

1,667

13,156