Registered Number:11411671 |
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 June 2023
Sancho Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Sancho Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
623
416
2
623
416
42,731
52,478
3
Trade and other receivables |
2,758
5,387
4
31,695
Cash and cash equivalents |
36,881
94,746
77,184
Trade and other payables: amounts falling due within one |
year |
(63,896)
(73,292)
6
13,288
21,454
Net current assets
Total assets less current liabilities |
22,077
13,704
22,077
Net assets
13,704
1,000
1,000
21,077
12,704
22,077
13,704
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
BIEN, Samuel Tomasz Director |
These financial statements were approved and authorised for issue by the Board on 28 February 2024 and were signed by: |
The notes form part of these financial statements |
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For the year ended 30 June 2023
Sancho Limited
Notes to the Financial Statements
Statutory Information
Sancho Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
11411671. |
34 Central Avenue
Syston
Leicester
LE7 2EE
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
Computer Equipment
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 at the date of transaction. Exchange rate differences are taken into account in arriving at the operating result. |
2 of 4
For the year ended 30 June 2023
Sancho Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
2,232
2,232
-
600
-
600
600
2,232
2,832
Provision for depreciation and impairment |
1,816
1,816
-
Charge for year
393
293
100
2,209
2,109
100
500
123
623
-
416
416
2022
2023
52,478
42,731
4. Trade and other receivables |
2022
2023
13
-
5,374
2,758
2,758
5,387
5. Financial instruments at fair value |
Listed investments are measured at fair value with changes in fair value being recognised in other comprehensive |
income. |
3 of 4
For the year ended 30 June 2023
Sancho Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year |
2022
2023
Bank loans and overdraft (secured) |
51,544
19,037
2,328
4,328
Taxation and social security |
18,357
8,710
-
24,000
1,063
7,821
73,292
63,896
7. Average number of persons employed |
During the year the average number of employees was 2 (2022 : 1)
4 of 4