Accounts filed on 31-03-2019

10. SHARE PREMIUM ACCOUNT

Share premium account

06744840false2018-04-012019-03-31http://www.companieshouse.gov.uk/2018-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2018-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2018-03-31http://www.companieshouse.gov.uk/cd:Director12018-04-012019-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2019-03-31http://www.companieshouse.gov.uk/pt:SharePremium2018-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2019-03-31http://www.companieshouse.gov.uk/cd:Director22018-04-012019-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2018-03-31http://www.companieshouse.gov.uk/pt:SharePremium2019-03-31http://www.companieshouse.gov.uk/cd:Director32018-04-012019-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2019-03-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2018-03-31http://www.companieshouse.gov.uk/cd:Director42018-04-012019-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12018-04-012019-03-31http://www.companieshouse.gov.uk/pt:MotorCars2018-03-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2018-03-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2019-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2018-04-012019-03-31http://www.companieshouse.gov.uk/cd:Director52018-04-012019-03-31http://www.companieshouse.gov.uk/pt:MotorCars2019-03-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2019-03-31http://www.companieshouse.gov.uk/cd:Director62018-04-012019-03-31http://www.companieshouse.gov.uk/cd:Director72018-04-012019-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2018-04-012019-03-31http://www.companieshouse.gov.uk/pt:DevelopmentCostsCapitalisedDevelopmentExpenditure2018-04-012019-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2019-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-03-31http://www.companieshouse.gov.uk/2018-04-012019-03-31http://www.companieshouse.gov.uk/2018-03-31http://www.companieshouse.gov.uk/cd:FRS1022018-04-012019-03-31http://www.companieshouse.gov.uk/2019-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2018-04-012019-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2018-04-012019-03-31iso4217:GBPxbrli:sharesxbrli:pure


Registered number: 06744840






Saietta Group Limited


ACCOUNTS

FOR THE YEAR ENDED 31/03/2019
























Prepared By:
Dovey Accountancy Services Ltd
Heyford Park House, Heyford Park
Upper Heyford
Bicester
Oxfordshire
OX25 5HD


Saietta Group Limited


ACCOUNTS
FOR THE YEAR ENDED 31/03/2019





DIRECTORS
O Pak
V Shegal
Y Bakry
M Taylor
W Kist
E Clair
P Preece


REGISTERED OFFICE
Building 210
Heyford Park
Upper Heyford
Oxfordshire
OX25 5HE


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06744840



ACCOUNTANTS
Dovey Accountancy Services Ltd
Heyford Park House, Heyford Park
Upper Heyford
Bicester
Oxfordshire
OX25 5HD


ACCOUNTS
FOR THEYEARENDED31/03/2019



CONTENTS



		Page

Directors' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 31/03/2019

			2019		2018
	Notes		£		£

FIXED ASSETS
Intangible assets	2		1,163,136		6,394
Tangible assets	3		263,321		354,481

			1,426,457		360,875

CURRENT ASSETS
Stock		74,721		91,234
Debtors	5	1,099,687		1,107,539
Cash at bank and in hand		215,419		16,960
		1,389,827		1,215,733
CREDITORS: Amounts falling due within one year	6	461,392		634,756
NET CURRENT ASSETS			928,435		580,977
TOTAL ASSETS LESS CURRENT LIABILITIES			2,354,892		941,852


CREDITORS: Amounts falling due after more than one year	7		199,503		14,039

NET ASSETS			2,155,389		927,813

CAPITAL AND RESERVES

Called up share capital	9		1,918		1,574
Share premium account	10		8,185,521		6,312,690
Profit and loss account			(6,032,050)		(5,386,451)
SHAREHOLDERS' FUNDS			2,155,389		927,813

For the year ending 31/03/2019 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 20/12/2019 and signed on their behalf by



.............................
P Preece
Director


NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2019

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short Leasehold Properties		straight line 10%
Plant and Machinery		reducing balance 25%
Fixtures and Fittings		reducing balance 15%
Motor Cars		straight line 25%




1c. Intangible Assets
Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.




1d. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




1f. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.




2. INTANGIBLE FIXED ASSETS

	Development
	Costs	Patents	Total
	£	£	£
Cost
At 01/04/2018	-	15,678	15,678
Additions	1,123,394	35,508	1,158,902
At 31/03/2019	1,123,394	51,186	1,174,580
Depreciation
At 01/04/2018	-	9,284	9,284
For the year	-	2,160	2,160
At 31/03/2019	-	11,444	11,444
Net Book Amounts
At 31/03/2019	1,123,394	39,742	1,163,136
At 31/03/2018	-	6,394	6,394




3. TANGIBLE FIXED ASSETS

	Short Leasehold	Plant and	Fixtures
	Properties	Machinery	and Fittings	Motor Cars	Total
	£	£	£	£	£
Cost
At 01/04/2018	286,973	102,059	280,339	97,994	767,365
Additions	3,959	23,691	5,343	4,800	37,793
Disposals	-	-	(251)	-	(251)
At 31/03/2019	290,932	125,750	285,431	102,794	804,907
Depreciation
At 01/04/2018	163,198	31,484	120,208	97,994	412,884
For the year	67,042	19,618	40,842	1,200	128,702
At 31/03/2019	230,240	51,102	161,050	99,194	541,586
Net Book Amounts
At 31/03/2019	60,692	74,648	124,381	3,600	263,321
At 31/03/2018	123,775	70,575	160,131	-	354,481




4. STOCK	2019	2018
	£	£
Stock comprises:

Stock	74,721	91,234
	74,721	91,234




5. DEBTORS	2019	2018
	£	£
Amounts falling due within one year
Trade debtors	16,117	86,439
VAT	9,102	4,107
Other debtors	1,041,030	964,518
Amounts due from group companies	96	-
Prepayments and accrued income	33,342	52,475
	1,099,687	1,107,539




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2019	2018
	£	£
PAYE control	47,145	45,100
Salaries and wages control	16,070	4,281
Directors current account	-	302,552
Loans	150,000	128,139
Hire purchase	4,813	5,718
Trade creditors	161,631	92,742
Pension schemes	4,928	2,010
Accruals and deferred income	76,805	54,214
	461,392	634,756




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2019	2018
	£	£
Loans >1yr	190,278	-
Hire purchase >1yr	9,225	14,039
	199,503	14,039




8. EMPLOYEES

	2019	2018
	No.	No.
Average number of employees	34	37




9. SHARE CAPITAL	2019	2018
	£	£
Allotted, issued and fully paid:
19184578 Class 1 shares of £0.0001 each	1918	1574
	1,918	1,574

New shares issued during period:
3440989 Class 1 shares of £0.0001 each	344	207
	344	207




11. CONTROLLING PARTY
The company's ultimate controlling party is Mr L Marazzi, a shareholder of the company.




12. RELATED PARTY TRANSACTIONS
Mr L Marazzi, a shareholder of the company, was owed the sum of £290,278 (2018: £302,552). £100,000 of this is included within creditors due within one year and £190,278 is included within creditors falling due after more than one year.