Sapphire Products Limited 02761807 false 2024-12-01 2025-11-30 2025-11-30 The principal activity of the company is specialist manufacturing of rivets Digita Accounts Production Advanced 6.30.9574.0 true true 02761807 2024-12-01 2025-11-30 02761807 2025-11-30 02761807 bus:OrdinaryShareClass1 2025-11-30 02761807 core:CurrentFinancialInstruments 2025-11-30 02761807 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 02761807 core:Goodwill 2025-11-30 02761807 core:FurnitureFittingsToolsEquipment 2025-11-30 02761807 core:MotorVehicles 2025-11-30 02761807 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2025-11-30 02761807 bus:SmallEntities 2024-12-01 2025-11-30 02761807 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 02761807 bus:FilletedAccounts 2024-12-01 2025-11-30 02761807 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 02761807 bus:RegisteredOffice 2024-12-01 2025-11-30 02761807 bus:Director2 2024-12-01 2025-11-30 02761807 bus:OrdinaryShareClass1 2024-12-01 2025-11-30 02761807 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 02761807 core:Goodwill 2024-12-01 2025-11-30 02761807 core:FurnitureFittingsToolsEquipment 2024-12-01 2025-11-30 02761807 core:MotorVehicles 2024-12-01 2025-11-30 02761807 core:OfficeEquipment 2024-12-01 2025-11-30 02761807 core:PlantMachinery 2024-12-01 2025-11-30 02761807 countries:England 2024-12-01 2025-11-30 02761807 2024-11-30 02761807 core:Goodwill 2024-11-30 02761807 core:FurnitureFittingsToolsEquipment 2024-11-30 02761807 core:MotorVehicles 2024-11-30 02761807 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-11-30 02761807 2023-12-01 2024-11-30 02761807 2024-11-30 02761807 bus:OrdinaryShareClass1 2024-11-30 02761807 core:CurrentFinancialInstruments 2024-11-30 02761807 core:CurrentFinancialInstruments core:WithinOneYear 2024-11-30 02761807 core:FurnitureFittingsToolsEquipment 2024-11-30 02761807 core:MotorVehicles 2024-11-30 02761807 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2024-11-30 02761807 2023-11-30 02761807 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02761807

Sapphire Products Limited
Unaudited Filleted Financial Statements
for the Year Ended 30 November 2025

Sapphire Products Limited

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 8

Sapphire Products Limited

(Registration number: 02761807)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 49,315 | 68,833
Current assets |  |  |
Stocks | 6 | 206,567 | 206,567
Debtors | 7 | 169,969 | 181,886
Cash at bank and in hand |  | 274,777 | 256,713
|  | 651,313 | 645,166
Creditors: Amounts falling due within one year | 8 | (52,779) | (48,255)
Net current assets |  | 598,534 | 596,911
Net assets |  | 647,849 | 665,744
Capital and reserves |  |  |
Called up share capital | 9 | 500 | 500
Retained earnings |  | 647,349 | 665,244
Shareholders' funds |  | 647,849 | 665,744

For the financial year ending 30 November 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 July 2026

......................................... J F Wood Director

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3, Ivanhoe Business Park
Tom Bill Way
Smisby Road
Ashby de la Zouch
Leicestershire
LE65 2UY

These financial statements were authorised for issue by the director on 17 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Having considered all available information about the future, which is at least, but is not limited to, 12 months from the date when these financial statements are authorised for issue, management have concluded that it is appropriate to prepare these financial statements on a going concern basis.

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Judgements

Preparation of the financial statements requires management to make significant judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the change takes place if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 15% straight line
Fixtures and fittings | 15% straight line
Office equipment | 15% straight line
Motor vehicles | 25% straight line

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 10% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company under contracts of service (including the director) during the year, was 11 (2024: 11).

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 December 2024 | 2,001 | 2,001
At 30 November 2025 | 2,001 | 2,001
Amortisation
At 1 December 2024 | 2,001 | 2,001
At 30 November 2025 | 2,001 | 2,001
Carrying amount
At 30 November 2025 | - | -

5 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 December 2024 | 438,654 | 30,849 | 469,503
Additions | 1,773 | - | 1,773
At 30 November 2025 | 440,427 | 30,849 | 471,276
Depreciation
At 1 December 2024 | 375,919 | 24,751 | 400,670
Charge for the year | 18,243 | 3,048 | 21,291
At 30 November 2025 | 394,162 | 27,799 | 421,961
Carrying amount
At 30 November 2025 | 46,265 | 3,050 | 49,315
At 30 November 2024 | 62,735 | 6,098 | 68,833

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 206,567 | 206,567

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 151,967 | 164,125
Prepayments | 11,407 | 11,166
Other debtors | 6,595 | 6,595
| 169,969 | 181,886

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 3,652 | 16,211
Taxation and social security | 46,439 | 29,500
Accruals and deferred income | 2,494 | 2,350
Other creditors | 194 | 194
| 52,779 | 48,255

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 500 | 500 | 500 | 500

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £150.80 (2024 - £149.00) per ordinary share |  | 75,400 |  | 74,500

11 | Related party transactions

Sapphire Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 12,570 | 12,570
Contributions paid to money purchase schemes | 16,000 | 48,300
| 28,570 | 60,870

During the year the number of directors who were receiving benefits and share incentives was as follows:

| 2025 No. | 2024 No.
Accruing benefits under money purchase pension scheme | 1 | 1

Loans from related parties

2025 | Entities with joint control or significant influence £ | Total £
At start of period | 194 | 194
At end of period | 194 | 194

2024 | Entities with joint control or significant influence £ | Total £
At start of period | 194 | 194
At end of period | 194 | 194