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REGISTERED NUMBER: 09971751 (England and Wales)















THE SAUSAGE MAN UK LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023






THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023










Page

Company information 1

Statement of financial position 2 to 3

Notes to the financial statements 4 to 8


THE SAUSAGE MAN UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







Directors: C L Halvorsen
M Juska
D Rundel





Registered office: Unit 1, St Margarets Farm Cottage
St Margarets Road
Darenth
Dartford
Kent
DA4 9LB





Registered number: 09971751 (England and Wales)





Auditors: Menzies LLP
Chartered Accountants and Statutory Auditors
Richmond House
Walkern Road
Stevenage
Hertfordshire
SG1 3QP

THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

STATEMENT OF FINANCIAL POSITION
31ST JANUARY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 5 97,500 130,000
Tangible assets 6 671,326 335,723
768,826 465,723

CURRENT ASSETS
Stocks 812,560 910,118
Debtors 7 784,122 456,599
Cash at bank 231,722 140,745
1,828,404 1,507,462
CREDITORS
Amounts falling due within one year 8 (1,851,131 ) (1,002,476 )
NET CURRENT (LIABILITIES)/ASSETS (22,727 ) 504,986
TOTAL ASSETS LESS CURRENT LIABILITIES 746,099 970,709

CREDITORS
Amounts falling due after more than one
year

9

(203,753

)

-

PROVISIONS FOR LIABILITIES (6,850 ) -
NET ASSETS 535,496 970,709

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 535,396 970,609
SHAREHOLDERS' FUNDS 535,496 970,709

THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

STATEMENT OF FINANCIAL POSITION - continued
31ST JANUARY 2023


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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2023 and were signed on its behalf by:





D Rundel - Director


THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023


1. STATUTORY INFORMATION

The Sausage Man UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates
No significant judgements or estimates have had to be made by the directors in preparing these financial statements.

Revenue
Revenue represents the total invoice value, excluding value added tax, trade discounts and all other direct taxes made during the year.

Revenue recognition
Revenue is recognised when goods have been delivered or services supplied to customers such that risks and rewards of ownership have transferred to them.

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 ten 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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on reducing balance

THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


3. ACCOUNTING POLICIES - continued

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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

Current or deferred tax 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.

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 the income statement 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 the income statement in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 40 (2022 - 30 ) .

THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


5. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1st February 2022
and 31st January 2023 325,000
Amortisation
At 1st February 2022 195,000
Charge for year 32,500
At 31st January 2023 227,500
Net book value
At 31st January 2023 97,500
At 31st January 2022 130,000

6. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st February 2022 28,290 415,343 114,611 - 558,244
Additions 139,079 58,064 97,698 148,315 443,156
Disposals - - (27,617 ) - (27,617 )
At 31st January 2023 167,369 473,407 184,692 148,315 973,783
Depreciation
At 1st February 2022 1,882 151,740 68,899 - 222,521
Charge for year 24,413 42,296 19,751 16,331 102,791
Eliminated on disposal - - (22,855 ) - (22,855 )
At 31st January 2023 26,295 194,036 65,795 16,331 302,457
Net book value
At 31st January 2023 141,074 279,371 118,897 131,984 671,326
At 31st January 2022 26,408 263,603 45,712 - 335,723

THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 460,898 224,381
Other debtors 323,224 232,218
784,122 456,599

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 20,106 -
Trade creditors 749,809 194,869
Taxation and social security 104,222 91,512
Other creditors 976,994 716,095
1,851,131 1,002,476

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 10) 65,489 -
Other creditors 138,264 -
203,753 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 20,106 -
Between one and five years 65,489 -
85,595 -

THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023


10. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 171,660 -
Between one and five years 257,490 -
429,150 -

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the auditors was unqualified.

M R Hubbocks FCA (Senior Statutory Auditor)
for and on behalf of Menzies LLP

13. RELATED PARTY DISCLOSURES

At the year end £110,000 (2022: £110,000) was owed to one director in the form of a directors loan and £143,900 (2022: £418,900) was owed to the shareholder in the form of a loan. Both loans are interest free and repayable on demand.