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REGISTERED NUMBER: 10289475 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st January 2022

for

Savin Wholesalers Limited

Savin Wholesalers Limited (Registered number: 10289475)






Contents of the Financial Statements
for the Year Ended 31st January 2022




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 4

Notes to the Financial Statements 6


Savin Wholesalers Limited

Company Information
for the Year Ended 31st January 2022







DIRECTORS: G Savin
C Savin
L Bicknell





REGISTERED OFFICE: Vinegar Hill
Hatch
Sandy
Bedfordshire
SG19 1PR





REGISTERED NUMBER: 10289475 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Savin Wholesalers Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Savin Wholesalers Limited for the year ended 31st January 2022 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Savin Wholesalers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Savin Wholesalers Limited and state those matters that we have agreed to state to the Board of Directors of Savin Wholesalers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Savin Wholesalers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Savin Wholesalers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Savin Wholesalers Limited. You consider that Savin Wholesalers Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Savin Wholesalers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP



Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Savin Wholesalers Limited

9th May 2022

Savin Wholesalers Limited (Registered number: 10289475)

Statement of Financial Position
31st January 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 3,286
Tangible assets 5 1,708,449 1,584,642
1,708,450 1,587,928

CURRENT ASSETS
Stocks 439,251 309,373
Debtors 6 70,521 48,424
Cash at bank and in hand 167,196 230,713
676,968 588,510
CREDITORS
Amounts falling due within one year 7 1,129,034 1,321,671
NET CURRENT LIABILITIES (452,066 ) (733,161 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,256,384

854,767

CREDITORS
Amounts falling due after more than
one year

8

290,372

291,665
NET ASSETS 966,012 563,102

Savin Wholesalers Limited (Registered number: 10289475)

Statement of Financial Position - continued
31st January 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 965,012 562,102
SHAREHOLDERS' FUNDS 966,012 563,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 9th May 2022 and were signed on its behalf by:





G Savin - Director


Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements
for the Year Ended 31st January 2022

1. STATUTORY INFORMATION

Savin Wholesalers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2021 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st February 2021
and 31st January 2022 24,649
AMORTISATION
At 1st February 2021 21,363
Charge for year 3,285
At 31st January 2022 24,648
NET BOOK VALUE
At 31st January 2022 1
At 31st January 2021 3,286

Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st February 2021 1,464,923 86,191 103,248 1,654,362
Additions 147,282 1,104 - 148,386
At 31st January 2022 1,612,205 87,295 103,248 1,802,748
DEPRECIATION
At 1st February 2021 - 34,049 35,671 69,720
Charge for year - 7,685 16,894 24,579
At 31st January 2022 - 41,734 52,565 94,299
NET BOOK VALUE
At 31st January 2022 1,612,205 45,561 50,683 1,708,449
At 31st January 2021 1,464,923 52,142 67,577 1,584,642

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 68,355 46,518
Other debtors 2,166 1,906
70,521 48,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts (see note 9)
97,369

125,888
Hire purchase contracts 4,583 9,583
Trade creditors 259,672 130,388
Taxation and social security 209,828 273,141
Other creditors 557,582 782,671
1,129,034 1,321,671

Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans (see note 9) 290,372 291,665

9. LOANS

An analysis of the maturity of loans is given below:

2022 2021
£    £   
Amounts falling due within one year or on demand:
Bank loans 97,369 125,888

Amounts falling due between one and two years:
Bank loans - 1-2 years 100,664 83,160

Amounts falling due between two and five years:
Bank loans - 2-5 years 189,708 208,505

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 387,741 417,553

The bank loan is secured over the freehold property of the company, and is repayable by monthly instalments. Interest is charged at 1.95% over Barclays Bank Plc base rate.

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The controlling party is G Savin.