SAIETTA GROUP PLC

SAIETTA GROUP PLC

SAIETTA GROUP PLC - Company Information

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SAIETTA GROUP PLC

Company Registration Number:
06744840 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

SAIETTA GROUP PLC

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

SAIETTA GROUP PLC

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 3,364,156 2,029,755
Tangible assets: 4 632,362 153,836
Investments: 5 88 88
Total fixed assets: 3,996,606 2,183,679
Current assets
Stocks: 116,958 51,133
Debtors:   849,719 1,659,317
Cash at bank and in hand: 2,857,513 325,586
Total current assets: 3,824,190 2,036,036
Creditors: amounts falling due within one year:   (1,052,065) (342,010)
Net current assets (liabilities): 2,772,125 1,694,026
Total assets less current liabilities: 6,768,731 3,877,705
Creditors: amounts falling due after more than one year:   (2,670,426) (114,445)
Total net assets (liabilities): 4,098,305 3,763,260
Capital and reserves
Called up share capital: 51,921 4,358
Share premium account:   10,641,597
Other reserves: 7,318,468 1,599,358
Profit and loss account: (3,272,084) (8,482,053)
Shareholders funds: 4,098,305 3,763,260

The notes form part of these financial statements

SAIETTA GROUP PLC

Balance sheet statements

For the year ending 31 March 2021 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 June 2021
and signed on behalf of the board by:

Name: Steven Harrison
Status: Director

The notes form part of these financial statements

SAIETTA GROUP PLC

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SAIETTA GROUP PLC

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 25 29

SAIETTA GROUP PLC

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Intangible Assets

Total
Cost £
At 01 April 2020 2,089,576
Additions 1,353,377
At 31 March 2021 3,442,953
Amortisation
At 01 April 2020 59,821
Charge for year 18,976
At 31 March 2021 78,797
Net book value
At 31 March 2021 3,364,156
At 31 March 2020 2,029,755

SAIETTA GROUP PLC

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Tangible Assets

Total
Cost £
At 01 April 2020 1,078,391
Additions 628,162
Disposals (310,695)
At 31 March 2021 1,395,858
Depreciation
At 01 April 2020 924,555
Charge for year 147,089
On disposals (308,148)
At 31 March 2021 763,496
Net book value
At 31 March 2021 632,362
At 31 March 2020 153,836

SAIETTA GROUP PLC

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Fixed investments

Saietta Motorcycles Ltd, 100% owned (Dormant Company) Incorporated in England and Wales.Saietta Racing Ltd, 100% owned (Dormant Company), Incorporated in England and Wales.Saietta Europe BV, 100% owned (Trading), Incorporated in Netherlands.