The Saab Centre Milton Keynes Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07964162

The Saab Centre Milton Keynes Limited

Filleted Unaudited Financial Statements

31 March 2025

The Saab Centre Milton Keynes Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

The Saab Centre Milton Keynes Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		50,848		93,694

Current assets

Stocks		10,000	35,000
Debtors	7	129,044	128,000
Cash at bank and in hand		41,795	44,341
		---------	---------
		180,839	207,341

Creditors: amounts falling due within one year	8	103,743		121,121
		---------		---------
Net current assets			77,096		86,220
			---------		---------
Total assets less current liabilities			127,944		179,914

Creditors: amounts falling due after more than one year	9		28,169		54,248

Provisions

Taxation including deferred tax	8,906	14,725
	---------	---------
Net assets	90,869	110,941
	---------	---------

The Saab Centre Milton Keynes Limited

Balance Sheet (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	90,769	110,841
	--------	---------
Shareholders funds	90,869	110,941
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 11 December 2025 , and are signed on behalf of the board by:

Mr A J Buik
Director

Company registration number: 07964162

The Saab Centre Milton Keynes Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 31 Heathfield, Stacey Bushes, Milton Keynes, MK12 6HR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold Property	-	over the period of the lease
Plant and Machinery	-	25% straight line
Fixtures and Fittings	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	30,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	30,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

Goodwill relates to the acquisition of the trade and assets of an unincorporated business on 1 July 2012.

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	4,552	308,742	10,264	51,155	374,713
Additions	–	1,419	885	–	2,304
Disposals	–	–	–	( 3,300)	( 3,300)
	-------	---------	--------	--------	---------
At 31 March 2025	4,552	310,161	11,149	47,855	373,717
	-------	---------	--------	--------	---------
Depreciation
At 1 April 2024	4,552	234,838	6,462	35,167	281,019
Charge for the year	–	39,894	1,174	4,082	45,150
Disposals	–	–	–	( 3,300)	( 3,300)
	-------	---------	--------	--------	---------
At 31 March 2025	4,552	274,732	7,636	35,949	322,869
	-------	---------	--------	--------	---------
Carrying amount
At 31 March 2025	–	35,429	3,513	11,906	50,848
	-------	---------	--------	--------	---------
At 31 March 2024	–	73,904	3,802	15,988	93,694
	-------	---------	--------	--------	---------

7. Debtors

	2025	2024
	£	£
Trade debtors	4,399	7,776
Other debtors	124,645	120,224
	---------	---------
	129,044	128,000
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,225	5,225
Trade creditors	3,363	11,156
Corporation tax	14,283	5,193
Social security and other taxes	5,815	5,825
Other creditors	75,057	93,722
	---------	---------
	103,743	121,121
	---------	---------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	24,817	30,204
Other creditors	3,352	24,044
	--------	--------
	28,169	54,248
	--------	--------

10. Director's advances, credits and guarantees

During the year the director had an interest free loan with the company. The loan is repayable on demand. At the start of the year the company owed him £71,605, and at the end of the year the company owed him £48,652.