Saber Diamond Products Limited,Ltd - AccountsLtd - Accounts

SABER DIAMOND PRODUCTS LIMITED - Company Information

2018-04-01 03019146 2019-03-31 03019146 2018-04-01 2019-03-31 03019146 2018-03-31 03019146 2017-04-01 2018-03-31 03019146 uk-core:WithinOneYear 2018-03-31 03019146 uk-core:WithinOneYear 2019-03-31 03019146 uk-core:AfterOneYear 2018-03-31 03019146 uk-core:AfterOneYear 2019-03-31 03019146 uk-core:ShareCapital 2019-03-31 03019146 uk-core:ShareCapital 2018-03-31 03019146 uk-core:SharePremium 2019-03-31 03019146 uk-core:SharePremium 2018-03-31 03019146 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 03019146 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 03019146 uk-core:OtherMiscellaneousReserve 2019-03-31 03019146 uk-bus:Director1 2018-04-01 2019-03-31 03019146 uk-core:NetGoodwill 2018-04-01 2019-03-31 03019146 uk-core:LeaseholdImprovements 2018-04-01 2019-03-31 03019146 uk-core:PlantMachinery 2018-04-01 2019-03-31 03019146 uk-core:ToolsEquipment 2018-04-01 2019-03-31 03019146 uk-core:MotorCars 2018-04-01 2019-03-31 03019146 uk-core:FurnitureFittings 2018-04-01 2019-03-31 03019146 uk-core:Goodwill 2018-03-31 03019146 uk-core:Goodwill 2019-03-31 03019146 uk-core:ToolsEquipment 2018-03-31 03019146 uk-core:FurnitureFittings 2018-03-31 03019146 uk-core:MotorCars 2018-03-31 03019146 uk-core:PlantMachinery 2018-03-31 03019146 uk-core:LeaseholdImprovements 2018-03-31 03019146 uk-core:LeaseholdImprovements 2019-03-31 03019146 uk-core:MotorCars 2019-03-31 03019146 uk-core:FurnitureFittings 2019-03-31 03019146 uk-core:ToolsEquipment 2019-03-31 03019146 uk-core:PlantMachinery 2019-03-31 03019146 uk-core:CostValuation 2018-03-31 03019146 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2018-03-31 03019146 uk-core:CostValuation uk-core:Non-currentFinancialInstruments 2019-03-31 03019146 uk-core:CostValuation 2019-03-31 03019146 uk-core:Non-currentFinancialInstruments 2019-03-31 03019146 uk-core:Non-currentFinancialInstruments 2018-03-31 03019146 uk-core:WithinOneYear 2019-03-31 03019146 uk-core:WithinOneYear 2018-03-31 iso4217:GBP 03019146 uk-bus:AuditExemptWithAccountantsReport 2018-04-01 2019-03-31 03019146 uk-bus:FRS102 2018-04-01 2019-03-31 03019146 uk-bus:FullAccounts 2018-04-01 2019-03-31 03019146 uk-bus:PrivateLimitedCompanyLtd 2018-04-01 2019-03-31

Saber Diamond Products Limited

Registered Number:03019146

For the year ended 31 March 2019

England and Wales

Unaudited Financial Statements

For the year ended 31 March 2019

Saber Diamond Products Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

As at 31 March 2019

Saber Diamond Products Limited

Statement of Financial Position

Registered Number :

03019146

2018

2019

Notes

Fixed assets

Property, plant and equipment

46,696

64,552

Financial assets

16,000

62,696

80,552

Current assets

Inventories

352,927

325,703

Trade and other receivables

273,472

277,716

982

Cash and cash equivalents

603,454

627,381

Trade and other payables: amounts falling due within one

year

(364,130)

(320,591)

263,251

282,863

Net current assets

Total assets less current liabilities

345,559

343,803

Trade and other payables: amounts falling due after more

than one year

(15,598)

(7,231)

338,328

Net assets

328,205

Capital and reserves

Called up share capital

289

Share premium account

47,255

Retained earnings

290,673

280,550

Other reserves

111

338,328

328,205

Shareholders' funds

For the year ended 31 March 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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For the year ended 31 March 2019

Saber Diamond Products Limited

Statement of Financial Position Continued

Mr Robert Paul Huxley Director

These financial statements were approved and authorised for issue by the Board on 22 October 2019 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2019

Saber Diamond Products Limited

Notes to the Financial Statements

Statutory Information

Saber Diamond Products Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 03019146.

Registered address:

Unit 33a Hobbs Industrial Estate

Eastbourne Road

New Chapel

Lingfield

RH7 6HN

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2001, has been fully amortised evenly over its estimated useful life of 10 years.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Leasehold Improvements

0% Straight line

Plant and machinery

25% Reducing balance

Computer equipment

25% Reducing balance

Motor vehicles

25% Reducing balance

Fixtures and fittings

Inventories

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.

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For the year ended 31 March 2019

Saber Diamond Products Limited

Notes to the Financial Statements Continued

2. Intangible fixed assets

Goodwill

Cost or valuation

At 01 April 2018

(53,009)

At 31 March 2019

(53,009)

Amortisation

At 01 April 2018

(53,009)

At 31 March 2019

(53,009)

Net book value

At 31 March 2019

At 31 March 2018

3. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Motor vehicles

Plant and

machinery

Leasehold

Improvements

Cost or

valuation

At 01 April 2018

143,162

44,639

11,441

55,990

12,747

18,345

3,209

1,601

1,608

Additions

(27,995)

Disposals

(27,995)

At 31 March 2019

18,345

27,995

11,441

46,240

118,376

14,355

Provision for depreciation and impairment

At 01 April 2018

78,610

36,633

8,303

23,620

10,054

Charge for year

9,252

2,402

635

5,139

1,076

(16,182)

On disposal

At 31 March 2019

71,680

39,035

8,938

12,577

11,130

At 31 March 2019

Net book value

18,345

3,225

15,418

2,503

7,205

46,696

18,345

2,693

32,370

3,138

8,006

64,552

At 31 March 2018

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For the year ended 31 March 2019

Saber Diamond Products Limited

Notes to the Financial Statements Continued

4. Investments held as fixed assets

Other investments

Total

At 01 April 2018

16,000

Cost

At 31 March 2019

16,000

At 31 March 2019

Net book value

16,000

At 01 April 2018

16,000

5. Inventories

2018

2019

Stocks

325,703

352,927

6. Trade and other receivables

2018

2019

Trade debtors

255,455

241,560

Other debtors

22,261

31,912

273,472

277,716

7. Trade and other payables: amounts falling due within one year

2018

2019

Bank loans and overdraft

165,566

147,838

Trade creditors

58,577

112,188

Taxation and social security

92,662

100,208

Other creditors

3,786

3,896

320,591

364,130

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For the year ended 31 March 2019

Saber Diamond Products Limited

Notes to the Financial Statements Continued

8. Trade and other payables: amounts falling due after more than one year

2018

2019

Other creditors

7,231

15,598

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