REGISTERED NUMBER: 07374019 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Saracen Distribution Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M F Evans

Mrs B J Evans

Registered office:

Unit 9, Grandstand Business Centre

Faraday Road

Hereford

HR4 9NS

Registered number:

07374019 (England and Wales)

Accountants:

Acre Accountancy Limited

Unit 2 Foley Works

Foley Trading Estate

Hereford

Herefordshire

HR1 2SF

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

233,726

246,590

Investments

6

340

1,330

234,066

247,920

CURRENT ASSETS

Stocks

1,891,112

1,833,997

Debtors

386,507

387,111

Cash at bank

447,766

315,117

2,725,385

2,536,225

CREDITORS

Amounts falling due within one year

(984,624

)

(940,738

)

NET CURRENT ASSETS

1,740,761

1,595,487

TOTAL ASSETS LESS CURRENT LIABILITIES

1,974,827

1,843,407

CREDITORS

Amounts falling due after more than one year

7

(45,039

)

(63,166

)

PROVISIONS FOR LIABILITIES

(28,650

)

(28,629

)

NET ASSETS

1,901,138

1,751,612

CAPITAL AND RESERVES

Called up share capital

10

1,100

1,100

Retained earnings

1,900,038

1,750,512

SHAREHOLDERS' FUNDS

1,901,138

1,751,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2026 and were signed on its behalf by:

M F Evans - Director

1.	STATUTORY INFORMATION

Saracen Distribution 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

5% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 December 2024

and 30 November 2025

139,011

Amortisation

At 1 December 2024

and 30 November 2025

139,011

Net book value

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

Cost

At 1 December 2024

476,067

Additions

35,788

Disposals

(3,535

)

At 30 November 2025

508,320

Depreciation

At 1 December 2024

229,477

Charge for year

48,109

Eliminated on disposal

(2,992

)

At 30 November 2025

274,594

Net book value

At 30 November 2025

233,726

At 30 November 2024

246,590

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

Cost

At 1 December 2024

1,330

Disposals

(990

)

At 30 November 2025

340

Net book value

At 30 November 2025

340

At 30 November 2024

1,330

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Bearings Seals & Belts Limited

Registered office: United Kingdom

Nature of business:

%

Class of shares:

holding

Ordinary

100.00

30/11/25

30/11/24

£

£

Aggregate capital and reserves

(11,012

)

(15,626

)

Profit for the year

4,614

40,754

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

30/11/25

30/11/24

£

£

Repayable by instalments

Bank loans payable after more than 5 years by instalments

-

3,236

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30/11/25

30/11/24

£

£

Within one year

13,300

13,300

Between one and five years

32,142

45,441

45,442

58,741

9.	SECURED DEBTS

The following secured debts are included within creditors:

30/11/25

30/11/24

£

£

Bank Loan

37,740

50,372

Barclays bank PLC hold a legal charge over the leasehold property known as unit 8 Grandstand business centre, Westfields tradings estate, Hereford, HR4 9NS.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/25

30/11/24

value:

£

£

1,000

Ordinary

£1

1,000

1,000

100

Ordinary B

£1

100

100

1,100

1,100