REGISTERED NUMBER: 14572681 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Saigon Blue Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H N Truong

REGISTERED OFFICE:

63 South End

Croydon

Surrey

CR0 1BF

REGISTERED NUMBER:

14572681 (England and Wales)

ACCOUNTANTS:

Times Accountancy Services Limited

Chartered Certified Accountants and

Registered Auditors

Alcala

Rectory Lane

Woodmansterne

Surrey

SM7 3NY

FIXED ASSETS

Tangible assets

4

4,139

4,868

CURRENT ASSETS

Stocks

2,750

-

Debtors

5

47,346

16,893

Cash at bank and in hand

4,713

7,531

54,809

24,424

CREDITORS

Amounts falling due within one year

6

72,666

27,493

NET CURRENT LIABILITIES

(17,857

)

(3,069

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,718

)

1,799

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

(13,818

)

1,699

SHAREHOLDERS' FUNDS

(13,718

)

1,799

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 October 2025 and were signed by:

H N Truong - Director

1.	STATUTORY INFORMATION

Saigon Blue 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.

Tangible fixed assets

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

Office Equipment

-

25% on reducing balance

Fixtures and fittings

-

25% 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2024

942

5,550

-

6,492

Additions

-

-

650

650

At 31 January 2025

942

5,550

650

7,142

DEPRECIATION

At 1 February 2024

236

1,388

-

1,624

Charge for year

176

1,040

163

1,379

At 31 January 2025

412

2,428

163

3,003

NET BOOK VALUE

At 31 January 2025

530

3,122

487

4,139

At 31 January 2024

706

4,162

-

4,868

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

47,346

16,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade creditors

300

-

Taxation and social security

60,707

2,824

Other creditors

11,659

24,669

72,666

27,493

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

100

Ordinary Share

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1 February 2024

1,699

Profit for the year

483

Dividends

(16,000

)

At 31 January 2025

(13,818

)

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 January 2025 and the period ended 31 January 2024:

31.1.25

31.1.24

£

£

H N Truong

Balance outstanding at start of year

-

-

Amounts advanced

45,266

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

45,266

-

10.	GOING CONCERN

The financial statements have been prepared on a going concern basis with the continued support of the director/shareholder and its bankers.