Accounts filed on 31-03-2018

Accounts filed on 31-03-2018

SAIETTA GROUP PLC - Company Information

Print Friendly Version

06744840false2017-04-012018-03-31http://www.companieshouse.gov.uk/2017-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2017-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2017-03-31http://www.companieshouse.gov.uk/cd:Director12017-04-012018-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2018-03-31http://www.companieshouse.gov.uk/pt:SharePremium2017-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2018-03-31http://www.companieshouse.gov.uk/cd:Director22017-04-012018-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2017-03-31http://www.companieshouse.gov.uk/pt:SharePremium2018-03-31http://www.companieshouse.gov.uk/cd:Director32017-04-012018-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2018-03-31http://www.companieshouse.gov.uk/cd:Director42017-04-012018-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12017-04-012018-03-31http://www.companieshouse.gov.uk/pt:MotorCars2017-03-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2017-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2017-04-012018-03-31http://www.companieshouse.gov.uk/cd:Director52017-04-012018-03-31http://www.companieshouse.gov.uk/pt:MotorCars2018-03-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2018-03-31http://www.companieshouse.gov.uk/cd:Director62017-04-012018-03-31http://www.companieshouse.gov.uk/cd:Director72017-04-012018-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2017-04-012018-03-31http://www.companieshouse.gov.uk/cd:Director82017-04-012018-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2018-03-31http://www.companieshouse.gov.uk/cd:Director92017-04-012018-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2017-03-31http://www.companieshouse.gov.uk/2017-04-012018-03-31http://www.companieshouse.gov.uk/cd:Director102017-04-012018-03-31http://www.companieshouse.gov.uk/2017-03-31http://www.companieshouse.gov.uk/cd:FRS1022017-04-012018-03-31http://www.companieshouse.gov.uk/2018-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2017-04-012018-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2017-04-012018-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06744840
Saietta Group Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2018
Prepared By:
Dovey Accountancy Services Limited
Chartered Certified Accountants
Heyford Park House
Heyford Park
Upper Heyford
Bicester
OX25 5HD
Saietta Group Limited
ACCOUNTS
FOR THE YEAR ENDED 31/03/2018
DIRECTORS
L Marazzi (resigned 20/11/2018)
D Rytikov (resigned 25/05/2017)
O Pak
V Shegal
Y Bakry
M Taylor (appointed 13/06/2017)
J Wynn (resigned 19/07/2017)
W Kist (appointed 23/11/2018)
E Clair (appointed 23/11/2018)
P Preece (appointed 23/11/2018)
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 Limited
Chartered Certified Accountants
Heyford Park House
Heyford Park
Upper Heyford
Bicester
OX25 5HD
Saietta Group Limited
ACCOUNTS
FOR THEYEARENDED31/03/2018
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Saietta Group Limited
BALANCE SHEET AT 31/03/2018
20182017
Notes££
FIXED ASSETS
Intangible assets26,3947,962
Tangible assets3354,481349,176
360,875357,138
CURRENT ASSETS
Stock91,23479,585
Debtors51,107,539883,726
Cash at bank and in hand16,960142,268
1,215,7331,105,579
CREDITORS: Amounts falling due within one year6634,756759,212
NET CURRENT ASSETS580,977346,367
TOTAL ASSETS LESS CURRENT LIABILITIES941,852703,505
CREDITORS: Amounts falling due after more than one year714,039905
NET ASSETS927,813702,600
CAPITAL AND RESERVES
Called up share capital91,5741,367
Share premium account106,312,6904,522,758
Profit and loss account(5,386,451)(3,821,525)
SHAREHOLDERS' FUNDS927,813702,600
For the year ending 31/03/2018 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 20/12/2018 and signed on their behalf by
.............................
P Preece (appointed 23/11/2018)
Director
Saietta Group Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2018
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 Propertiesstraight line 10%
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Motor Carsstraight line 25%
1c. 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.
1d. 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.
Saietta Group Limited
2. INTANGIBLE FIXED ASSETS
PatentsTotal
££
Cost
At 01/04/201715,67815,678
At 31/03/201815,67815,678
Depreciation
At 01/04/20177,7167,716
For the year1,5681,568
At 31/03/20189,2849,284
Net Book Amounts
At 31/03/20186,3946,394
At 31/03/20177,9627,962
3. TANGIBLE FIXED ASSETS
Short LeaseholdPlant andFixtures
PropertiesMachineryand FittingsMotor CarsTotal
£££££
Cost
At 01/04/2017267,50939,442203,53797,994608,482
Additions19,46462,61876,802-158,884
At 31/03/2018286,973102,060280,33997,994767,366
Depreciation
At 01/04/201797,66613,27574,87073,495259,306
For the year65,53218,21045,33824,499153,579
At 31/03/2018163,19831,485120,20897,994412,885
Net Book Amounts
At 31/03/2018123,77570,575160,131-354,481
At 31/03/2017169,84326,167128,66724,499349,176
4. STOCK 20182017
££
Stock comprises:
Stock91,23479,585
91,23479,585
Saietta Group Limited
5. DEBTORS 20182017
££
Amounts falling due within one year
Trade debtors86,43961,157
VAT4,10713,774
Other debtors964,518776,494
Prepayments and accrued income52,47532,301
1,107,539883,726
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20182017
££
PAYE control45,10035,234
Salaries and wages control4,2817,773
Directors current account302,552349,839
Loans128,139153,126
Credit card-171
Hire purchase5,71828,500
Trade creditors92,74267,501
Other creditors-4,867
Pension schemes2,0103,313
Accruals and deferred income54,214108,888
634,756759,212
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20182017
££
Hire purchase >1yr14,039905
14,039905
8. EMPLOYEES
20182017
No.No.
Average number of employees3732
Saietta Group Limited
9. SHARE CAPITAL 20182017
££
Allotted, issued and fully paid:
15,743,590 Class 1 shares of £0.0001 each15741367
1,5741,367
New shares issued during period:
2,071,513 Class 1 shares of £0.0001 each207189
2071,367
10. SHARE PREMIUM ACCOUNT 20182017
££
Share premium account6,312,6904,522,758
11. CONTROLLING PARTY
The company's ultimate controlling party is Mr L Marazzi, a director of the company.
12. RELATED PARTY TRANSACTIONS
Mr L Marazzi, a director of the company, was owed the sum of £302,552 (2017: £349,839). This is included within creditors due within one year.