Company Registration No. 13198169 (England and Wales)
Sannick Ltd
Unaudited accounts
for the year ended 29 February 2024
Sannick Ltd
Unaudited accounts
Contents
Sannick Ltd
Company Information
for the year ended 29 February 2024
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
Sannick Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
31,812
24,236
Cash at bank and in hand
3,893
22,300
Creditors: amounts falling due within one year
(23,165)
(46,989)
Net current assets
12,820
17,637
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
Sannick Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 29 February 2024
1,914
29,290
374
234
31,812
At 28 February 2023
2,393
21,225
468
150
24,236
Sannick Ltd
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
32,092
42,326
6
Creditors: amounts falling due within one year
2024
2023
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
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).