Saraco Industries Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12821248 (England and Wales)

SARACO INDUSTRIES HOLDINGS LIMITED

Unaudited Financial Statements

for the Period 18 August 2020 to 31 December 2021

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I M Bapu

H Patel

REGISTERED OFFICE:

Parkside House

167 Chorley New Road

Bolton

Lancashire

BL1 4RA

REGISTERED NUMBER:

12821248 (England and Wales)

ACCOUNTANTS:

SCCA Limited T/a Stafford & Co

Chartered Accountants

3 The Studios

320 Chorley Old Road

Bolton

Lancashire

BL1 4JU

FIXED ASSETS

Tangible assets

4

3,639,653

CURRENT ASSETS

Debtors

5

200

Cash at bank

50

250

CREDITORS

Amounts falling due within one year

6

11,766

NET CURRENT LIABILITIES

(11,516

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,628,137

CAPITAL AND RESERVES

Called up share capital

7

200

Retained earnings

3,627,937

SHAREHOLDERS' FUNDS

3,628,137

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 May 2022 and were signed on its behalf by:

I M Bapu - Director

1.	STATUTORY INFORMATION

Saraco Industries Holdings 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.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

20% straight line

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

3,674,867

17,250

3,692,117

At 31 December 2021

3,674,867

17,250

3,692,117

DEPRECIATION

Charge for period

49,014

3,450

52,464

At 31 December 2021

49,014

3,450

52,464

NET BOOK VALUE

At 31 December 2021

3,625,853

13,800

3,639,653

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

11,766

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

value:

£

20,000

Share capital 1

0.01

200

20,000 Ordinary shares of 0.01 each were allotted at par during the period.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director, Mr I Bapu by virtue of his shareholdings in the company.