Company Registration No. SC768678 (Scotland)
Saracen Autos Ltd
Unaudited accounts
for the year ended 31 May 2025
Saracen Autos Ltd
Unaudited accounts
Contents
Saracen Autos Ltd
Company Information
for the year ended 31 May 2025
Company Number
SC768678 (Scotland)
Registered Office
Denmark Motor Co
102 Denmark Street
Glasgow
Lanarkshire
G22 5LQ
Scotland
Accountants
SK and Co
3rd Floor, St. Georges Building
5 St. Vincent Place
Glasgow
G1 2DH
Saracen Autos Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
53,757
5,031
Cash at bank and in hand
4,834
6,732
Creditors: amounts falling due within one year
(30,491)
(10,201)
Net current assets
254
4,294
Total assets less current liabilities
54,011
9,325
Creditors: amounts falling due after more than one year
(53,369)
-
Called up share capital
1
1
Profit and loss account
641
9,324
Shareholders' funds
642
9,325
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2025 and were signed on its behalf by
Scott Weldon
Director
Company Registration No. SC768678
Saracen Autos Ltd
Notes to the Accounts
for the year ended 31 May 2025
Saracen Autos Ltd is a private company, limited by shares, registered in Scotland, registration number SC768678. The registered office is Denmark Motor Co, 102 Denmark Street, Glasgow, Lanarkshire, G22 5LQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 June 2024
1,700
5,008
6,708
At 31 May 2025
1,700
64,988
66,688
At 1 June 2024
425
1,252
1,677
Charge for the year
319
10,935
11,254
At 31 May 2025
744
12,187
12,931
At 31 May 2025
956
52,801
53,757
At 31 May 2024
1,275
3,756
5,031
Saracen Autos Ltd
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
14,222
-
Taxes and social security
2,636
1,863
Loans from directors
2
2,663
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
53,369
-
8
Average number of employees
During the year the average number of employees was 3 (2024: 2).