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REGISTERED NUMBER: 05438433 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

SANCO UK LIMITED

SANCO UK LIMITED (REGISTERED NUMBER: 05438433)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3

Chartered accountants' report 6

SANCO UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 June 2023







DIRECTORS: Mr S F Grant
Mr A S Grant





SECRETARY: Mr A S Grant





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 05438433 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

SANCO UK LIMITED (REGISTERED NUMBER: 05438433)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 137,008 114,793
137,008 114,793

CURRENT ASSETS
Stocks 7,000 7,000
Debtors 6 130,866 111,100
Cash at bank and in hand 298,641 243,423
436,507 361,523
CREDITORS
Amounts falling due within one year 7 181,095 142,897
NET CURRENT ASSETS 255,412 218,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,420

333,419

PROVISIONS FOR LIABILITIES 19,655 10,213
NET ASSETS 372,765 323,206

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 372,761 323,202
SHAREHOLDERS' FUNDS 372,765 323,206

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 November 2023 and were signed on its behalf by:



Mr S F Grant - Director



Mr A S Grant - Director


SANCO UK LIMITED (REGISTERED NUMBER: 05438433)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 June 2023

1. STATUTORY INFORMATION

Sanco 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.

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.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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 Income Statement, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2022 - 6 ) .

SANCO UK LIMITED (REGISTERED NUMBER: 05438433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 200,000
AMORTISATION
At 1 July 2022
and 30 June 2023 200,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2022 - 22,880 -
Additions 15,045 - 14,825
Disposals - - -
At 30 June 2023 15,045 22,880 14,825
DEPRECIATION
At 1 July 2022 - 7,357 -
Charge for year - 3,880 1,761
Eliminated on disposal - - -
At 30 June 2023 - 11,237 1,761
NET BOOK VALUE
At 30 June 2023 15,045 11,643 13,064
At 30 June 2022 - 15,523 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2022 180,796 7,039 210,715
Additions 43,134 1,908 74,912
Disposals (43,500 ) - (43,500 )
At 30 June 2023 180,430 8,947 242,127
DEPRECIATION
At 1 July 2022 82,347 6,218 95,922
Charge for year 22,969 383 28,993
Eliminated on disposal (19,796 ) - (19,796 )
At 30 June 2023 85,520 6,601 105,119
NET BOOK VALUE
At 30 June 2023 94,910 2,346 137,008
At 30 June 2022 98,449 821 114,793

SANCO UK LIMITED (REGISTERED NUMBER: 05438433)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 June 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 129,140 108,551
Other debtors - 1,100
Prepayments 1,726 1,449
130,866 111,100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,259 1,814
Tax 51,381 33,292
Social security and other taxes 1,744 1,709
Pension creditor 222 85
VAT 6,981 5,074
Company credit card 3,162 3,929
Other creditors - 1,564
Directors' loan accounts 10,553 3,705
Deferred income 88,521 82,278
Accrued expenses 9,272 9,447
181,095 142,897

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr S F Grant
Balance outstanding at start of year 3,624 3,624
Amounts advanced 4,386 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,010 3,624

Mr A S Grant
Balance outstanding at start of year 81 48
Amounts advanced 4,386 3,200
Amounts repaid (1,924 ) (3,167 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,543 81

These loans have no repayment terms and are interest free.

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr S F Grant.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SANCO UK 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 Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors 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 Sanco UK Limited for the year ended 30 June 2023 which comprise the Income statement, Balance sheet, Statement of changes in equity 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 Sanco UK 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 Sanco UK Limited and state those matters that we have agreed to state to the Board of Directors of Sanco UK 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 Sanco UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sanco UK 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 Sanco UK Limited. You consider that Sanco UK 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 Sanco UK 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.






Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX


Date: .............................................