Do any of you recognise the Saracen frame, I looked through the Saracen catalogues and found one with the same stickers but the frame didn't have the pierced top tube?
Saracen 'Special or Limited Edition' bikes were generally bikes built up at the Saracen factory from surplus frames from the previous model year.
So an old frameset, rehashed with a different set of stickers and possibly another colour.
A prime example of this is the 1992 Kili Racer, which was an LX M550 equipped bike in the 1992 catalogue and the uncatalogued 1993 Race Elite.
Both have the same e-stay frame in red, but the 93 version was a bit of a parts bin special which had anything from Alivio to DX components hung on it.
I suspect your 'Limited Edition' is a 1992 frame built up and sold in 1993. This is based on the canti bridge on the seat-stays, as opposed to a cable noodle on the seat tube cluster as more commonly used on frames from 1993 onwards.
Could be the same frame as anything from a Tufftrax to a Traverse, but I suspect it's most likely the same frame as the Tufftrax.
The catalogues are here for reference: --> http://www.retrobike.co.uk/gallery2/v/M ... atalogues/
Bit biased I know, but if it fits and if you have some historical attachment to it, then I'd build up the Saracen.