REGISTERED NUMBER: |
THE SAUSAGE MAN UK LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2023 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Auditors: |
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 |
Tangible assets | 6 |
CURRENT ASSETS |
Stocks |
Debtors | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings |
SHAREHOLDERS' FUNDS |
THE SAUSAGE MAN UK LIMITED (REGISTERED NUMBER: 09971751) |
STATEMENT OF FINANCIAL POSITION - continued |
31ST JANUARY 2023 |
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 |
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 |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
Improvements to property | - |
Plant and machinery | - |
Motor vehicles | - |
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 |
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 |
Amortisation |
At 1st February 2022 |
Charge for year |
At 31st January 2023 |
Net book value |
At 31st January 2023 |
At 31st January 2022 |
6. | TANGIBLE FIXED ASSETS |
Improvements |
to | Plant and | Motor | Computer |
property | machinery | vehicles | equipment | Totals |
£ | £ | £ | £ | £ |
Cost |
At 1st February 2022 |
Additions |
Disposals | ( |
) | ( |
) |
At 31st January 2023 |
Depreciation |
At 1st February 2022 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 31st January 2023 |
Net book value |
At 31st January 2023 |
At 31st January 2022 |
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 |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts (see note 10) |
Trade creditors |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Hire purchase contracts (see note 10) |
Other creditors |
10. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2023 | 2022 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
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 |
Between one and five years |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the auditors was unqualified. |
for and on behalf of |
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. |