REGISTERED NUMBER: 12003145 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SARACEN GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M A Page

M I Page

REGISTERED OFFICE:

Unit H

Manawey Business Park

Holder Road

Aldershot

Hampshire

GU12 4RH

REGISTERED NUMBER:

12003145 (England and Wales)

ACCOUNTANTS:

Upton Neenan Lees

Chartered Accountants

Suite 1B

Quadrant House North

65 Croydon Road

Caterham

Surrey

CR3 6PB

FIXED ASSETS

Tangible assets

4

18,400

19,871

CURRENT ASSETS

Debtors

5

979,118

666,846

Cash at bank

58,148

35,793

1,037,266

702,639

CREDITORS

Amounts falling due within one year

6

(722,965

)

(420,320

)

NET CURRENT ASSETS

314,301

282,319

TOTAL ASSETS LESS CURRENT LIABILITIES

332,701

302,190

CREDITORS

Amounts falling due after more than one year

7

(16,314

)

(21,743

)

NET ASSETS

316,387

280,447

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

316,287

280,347

316,387

280,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

M A Page - Director

1.	STATUTORY INFORMATION

Saracen Group 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.

Plant and machinery etc

-

25% on cost and at varying rates on cost

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.

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 20 (2023 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2023

83,507

Additions

710

At 31 October 2024

84,217

DEPRECIATION

At 1 November 2023

63,636

Charge for year

2,181

At 31 October 2024

65,817

NET BOOK VALUE

At 31 October 2024

18,400

At 31 October 2023

19,871

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Trade debtors

925,839

639,614

Amounts owed by group undertakings

14,860

-

Other debtors

38,419

27,232

979,118

666,846

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans and overdrafts

9,308

-

Trade creditors

235,224

-

Taxation and social security

193,965

-

Other creditors

284,468

420,320

722,965

420,320

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.24

31.10.23

£

£

Bank loans

16,314

-

Other creditors

-

21,743

16,314

21,743