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Company Registration No. 13198169 (England and Wales)
Sannick Ltd Unaudited accounts for the year ended 29 February 2024
Sannick Ltd Unaudited accounts Contents
Page
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Sannick Ltd Company Information for the year ended 29 February 2024
Director
Lee Sannick
Company Number
13198169 (England and Wales)
Registered Office
UNIT 3 QUAYSIDE BUSINESS CENTRE LOWESTOFT SUFFOLK NR33 9NW UNITED KINGDOM
Accountants
P Lacey & Associates Ltd Office 17 2 Regent House Lowestoft NR32 1PA
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Sannick Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
31,812 
24,236 
Current assets
Debtors
32,092 
42,326 
Cash at bank and in hand
3,893 
22,300 
35,985 
64,626 
Creditors: amounts falling due within one year
(23,165)
(46,989)
Net current assets
12,820 
17,637 
Net assets
44,632 
41,873 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
44,630 
41,871 
Shareholders' funds
44,632 
41,873 
For the year ending 29 February 2024 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 April 2024 and were signed on its behalf by
Lee Sannick Director Company Registration No. 13198169
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Sannick Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sannick Ltd is a private company, limited by shares, registered in England and Wales, registration number 13198169. The registered office is UNIT 3, QUAYSIDE BUSINESS CENTRE, LOWESTOFT, SUFFOLK, NR33 9NW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 March 2023
3,545 
33,164 
585 
234 
37,528 
Additions
- 
15,388 
- 
143 
15,531 
At 29 February 2024
3,545 
48,552 
585 
377 
53,059 
Depreciation
At 1 March 2023
1,152 
11,939 
117 
84 
13,292 
Charge for the year
479 
7,323 
94 
59 
7,955 
At 29 February 2024
1,631 
19,262 
211 
143 
21,247 
Net book value
At 29 February 2024
1,914 
29,290 
374 
234 
31,812 
At 28 February 2023
2,393 
21,225 
468 
150 
24,236 
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Sannick Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
32,092 
42,326 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,813 
7,282 
Obligations under finance leases and hire purchase contracts
12,424 
16,543 
Taxes and social security
3,903 
5,896 
Loans from directors
- 
16,633 
Accruals
1,025 
635 
23,165 
46,989 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 4 (2023: 3).
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