FINCHLEY SAAB LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12080284

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		660		825
Tangible Assets	5		22,262		24,103

			22,922		24,928
CURRENT ASSETS
Stocks	6	7,500		10,000
Cash at bank and in hand		14,205		19,089

		21,705		29,089
Creditors: Amounts Falling Due Within One Year	8	(31,397 )		(53,896 )

NET CURRENT ASSETS (LIABILITIES)			(9,692 )		(24,807 )

TOTAL ASSETS LESS CURRENT LIABILITIES			13,230		121

NET ASSETS			13,230		121

CAPITAL AND RESERVES
Called up share capital	9		1,000		1,000
Profit and Loss Account			12,230		(879 )

SHAREHOLDERS' FUNDS			13,230		121

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FINCHLEY SAAB LTD

Balance Sheet (continued)

As At 31 July 2025

For the year ending 31 July 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr GEOFF PRIGGEN Director	Mr CHRISTOPHER PERRETT Director
29/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

FINCHLEY SAAB LTD is a private company, limited by shares, incorporated in England & Wales, registered number 12080284 . The registered office is 79 GLEBE ROAD, FINCHLEY, LONDON, N3 2AX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% on reducing balance basis
Motor Vehicles	20% on reducing balance basis
Fixtures & Fittings	10% on reducing balance basis

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 5)

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FINCHLEY SAAB LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

4. Intangible Assets

	Other
	£
Cost
As at 1 August 2024	1,650

As at 31 July 2025	1,650

Amortisation
As at 1 August 2024	825
Provided during the period	165

As at 31 July 2025	990

Net Book Value
As at 31 July 2025	660

As at 1 August 2024	825

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 August 2024	31,680	3,500	3,100	38,280
Additions	760	-	-	760

As at 31 July 2025	32,440	3,500	3,100	39,040

Depreciation
As at 1 August 2024	10,555	2,353	1,269	14,177
Provided during the period	2,189	229	183	2,601

As at 31 July 2025	12,744	2,582	1,452	16,778

Net Book Value
As at 31 July 2025	19,696	918	1,648	22,262

As at 1 August 2024	21,125	1,147	1,831	24,103

6. Stocks

	2025	2024
	£	£
Finished goods	7,500	10,000

7. Debtors

	2025	2024
	£	£
Due within one year

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FINCHLEY SAAB LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	16,667	12,196
Bank loans and overdrafts	4,273	8,527
Other taxes and social security	1,114	1,094
VAT	6,572	6,002
Other creditors	385	335
Directors' loan accounts	2,386	25,742

	31,397	53,896

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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