Saraph Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05044513

Saraph Limited

Filleted Unaudited Financial Statements

31 March 2025

Saraph Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Saraph Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	1,638	2,673

Current assets

Debtors	6	24,400	1,721
Cash at bank and in hand		149,272	160,365
		---------	---------
		173,672	162,086

Creditors: amounts falling due within one year	7	44,398	20,510
		---------	---------
Net current assets		129,274	141,576
		---------	---------
Total assets less current liabilities		130,912	144,249
		---------	---------
Net assets		130,912	144,249
		---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	130,910	144,247
	---------	---------
Shareholder funds	130,912	144,249
	---------	---------

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 statement of income and retained earnings 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 member has 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 .

Saraph Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Mr M S Hanchett
Director

Company registration number: 05044513

Saraph 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 52 Thistle Drive, Whitstable, Kent, CT5 4UN.

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. The financial statements are prepared 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 shown in the income statement represents amounts invoiced for consulting services during the year, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

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:

	Equipment	-	25% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2024 and 31 March 2025	3,821
	-------
Depreciation
At 1 April 2024	1,148
Charge for the year	1,035
	-------
At 31 March 2025	2,183
	-------
Carrying amount
At 31 March 2025	1,638
	-------
At 31 March 2024	2,673
	-------

6. Debtors

	2025	2024
	£	£
Trade debtors	21,300	–
Other debtors	3,100	1,721
	--------	-------
	24,400	1,721
	--------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,668	1,200
Corporation tax	5,316	12,425
Social security and other taxes	12,136	6,525
Other creditors	25,278	360
	--------	--------
	44,398	20,510
	--------	--------

8. Director's advances, credits and guarantees

During the year, the director was advanced £Nil and made repayments of £371. No interest was charged on this loan. At the year end the company owed the director £24,258 (2024: The director owed the director £371).

9. Related party transactions

At the year end, the company was owed £22,470 by a company associated by common control (2024: £1,350).