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REGISTERED NUMBER: 04902212 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

SPAN CORP LIMITED
T/A
SAWGRASS EUROPE

SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SPAN CORP LIMITED
T/A SAWGRASS EUROPE

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D K Beasley
N S Hale





REGISTERED OFFICE: Unit 6 Arundel Business Park
Claywheels Lane
Hillsborough
Sheffield
South Yorkshire
S6 1LZ





REGISTERED NUMBER: 04902212 (England and Wales)





AUDITORS: S Burgess & Co Ltd
Statutory Auditor
11 Slayleigh Avenue
Sheffield
South Yorkshire
S10 3RA

SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,464 -

CURRENT ASSETS
Stocks 5 1,396,550 1,232,826
Debtors 6 629,263 576,246
Cash at bank 99,515 173,695
2,125,328 1,982,767
CREDITORS
Amounts falling due within one year 7 1,540,791 1,480,572
NET CURRENT ASSETS 584,537 502,195
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,001

502,195

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 588,001 501,195
SHAREHOLDERS' FUNDS 589,001 502,195

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 25 March 2024 and were signed on its behalf by:





D K Beasley - Director


SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Span Corp 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover comprises the invoiced value of the sale of digital printing supplies excluding value added tax. Turnover is recognised upon the delivery of the printing supplies to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Office Equipment - 33% on cost

Stocks
Stocks of digital printing supplies are valued at cost, after making allowance for any obsolete items. Cost is determined on a first in, first out basis.

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.


SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet 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.

Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.

Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any loss arising from impairment is recognised in the statement of comprehensive income within administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 14 ) .

SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Office
property machinery fittings Equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 175,000 4,450 23,162 91,422 294,034
Additions - - - 6,392 6,392
At 31 December 2023 175,000 4,450 23,162 97,814 300,426
DEPRECIATION
At 1 January 2023 175,000 4,450 23,162 91,422 294,034
Charge for year - - - 1,928 1,928
At 31 December 2023 175,000 4,450 23,162 93,350 295,962
NET BOOK VALUE
At 31 December 2023 - - - 4,464 4,464
At 31 December 2022 - - - - -

5. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,396,550 1,232,826

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 560,807 514,182
Amounts owed by group undertakings 25,254 23,903
Other debtors 1,773 1,200
Prepayments and accrued income 41,429 36,961
629,263 576,246

SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 70,537 40,024
Amounts owed to group undertakings 1,271,658 1,366,792
Corporation tax 18,208 5,055
Social security and other taxes 13,106 13,061
VAT 82,885 27,586
Other creditors 1,600 2,144
Accrued expenses 82,797 25,910
1,540,791 1,480,572

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 44,000 44,000
Between one and five years 22,000 66,000
66,000 110,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1 January 2023 501,195
Profit for the year 86,806
At 31 December 2023 588,001

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

The Report of the Auditors was unqualified.

Steven Burgess ACA (Senior Statutory Auditor)
for and on behalf of S Burgess & Co Ltd

SPAN CORP LIMITED (REGISTERED NUMBER: 04902212)
T/A SAWGRASS EUROPE

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with other wholly owned companies within the group.

13. ULTIMATE PARENT COMPANY

The ultimate parent company is Sawgrass Systems Inc, whose registered office is 2233 Highway 17 North, Mount Pleasant, South Carolina, United States of America.