SAK PRODUCE LIMITED

Company Registration Number:
11391236 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2022

Period of accounts

Start date: 1 June 2021

End date: 31 May 2022

SAK PRODUCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SAK PRODUCE LIMITED

Directors' report period ended 31 May 2022

The directors present their report with the financial statements of the company for the period ended 31 May 2022

Directors

The director shown below has held office during the whole of the period from
1 June 2021 to 31 May 2022

Darren Durose


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 August 2022

And signed on behalf of the board by:
Name: Darren Durose
Status: Director

SAK PRODUCE LIMITED

Profit And Loss Account

for the Period Ended 31 May 2022

2022 2021


£

£
Turnover: 8,594,033 7,131,625
Cost of sales: ( 5,684,022 ) ( 4,621,419 )
Gross profit(or loss): 2,910,011 2,510,206
Distribution costs: ( 510,341 ) ( 418,648 )
Administrative expenses: ( 675,849 ) ( 524,337 )
Operating profit(or loss): 1,723,821 1,567,221
Profit(or loss) before tax: 1,723,821 1,567,221
Tax: ( 245,093 ) ( 313,442 )
Profit(or loss) for the financial year: 1,478,728 1,253,779

SAK PRODUCE LIMITED

Balance sheet

As at 31 May 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 2,018,622 1,346,749
Total fixed assets: 2,018,622 1,346,749
Current assets
Stocks: 4 1,028,377 743,612
Debtors: 5 1,238,401 884,341
Cash at bank and in hand: 764,740 449,677
Total current assets: 3,031,518 2,077,630
Creditors: amounts falling due within one year: 6 ( 434,621 ) ( 387,587 )
Net current assets (liabilities): 2,596,897 1,690,043
Total assets less current liabilities: 4,615,519 3,036,792
Total net assets (liabilities): 4,615,519 3,036,792
Capital and reserves
Called up share capital: 100,000 1
Profit and loss account: 4,515,519 3,036,791
Total Shareholders' funds: 4,615,519 3,036,792

The notes form part of these financial statements

SAK PRODUCE LIMITED

Balance sheet statements

For the year ending 31 May 2022 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.

This report was approved by the board of directors on 28 August 2022
and signed on behalf of the board by:

Name: Darren Durose
Status: Director

The notes form part of these financial statements

SAK PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 1. Accounting policies

    Basis of measurement and preparation

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

SAK PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 23 18

SAK PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2021 809,197 149,776 99,733 85,279 342,398 1,486,383
Additions 475,940 27,794 40,231 33,475 147,036 724,476
Disposals
Revaluations
Transfers
At 31 May 2022 1,285,137 177,570 139,964 118,754 489,434 2,210,859
Depreciation
At 1 June 2021 23,717 24,417 17,042 74,458 139,634
Charge for year 9,384 12,226 7,002 23,991 52,603
On disposals
Other adjustments
At 31 May 2022 33,101 36,643 24,044 98,449 192,237
Net book value
At 31 May 2022 1,285,137 144,469 103,321 94,710 390,985 2,018,622
At 31 May 2021 809,197 126,059 75,316 68,237 267,940 1,346,749

SAK PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

4. Stocks

2022 2021
£ £
Stocks 1,028,377 743,612
Total 1,028,377 743,612

SAK PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

5. Debtors

2022 2021
£ £
Trade debtors 1,238,401 884,341
Total 1,238,401 884,341

SAK PRODUCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 189,528 74,145
Taxation and social security 245,093 313,442
Total 434,621 387,587