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REGISTERED NUMBER: 00857758 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st December 2023

for

Savoy Laboratories (International)
Limited

Savoy Laboratories (International)
Limited (Registered number: 00857758)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Savoy Laboratories (International)
Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: S R G Tate
Mrs M J Tate
R E Warriner





SECRETARY: Mrs M J Tate





REGISTERED OFFICE: 29a Crown Street
Brentwood
Essex
CM14 4BA





REGISTERED NUMBER: 00857758 (England and Wales)





ACCOUNTANTS: Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA

Savoy Laboratories (International)
Limited (Registered number: 00857758)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 8,271 8,830

CURRENT ASSETS
Debtors 5 488,434 385,474
Cash at bank 27,105 71,726
515,539 457,200
CREDITORS
Amounts falling due within one year 6 18,790 1,980
NET CURRENT ASSETS 496,749 455,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

505,020

464,050

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 50 50
Retained earnings 504,870 463,900
SHAREHOLDERS' FUNDS 505,020 464,050

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 20th September 2024 and were signed on its behalf by:




S R G Tate - Director


Savoy Laboratories (International)
Limited (Registered number: 00857758)

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

1. STATUTORY INFORMATION

Savoy Laboratories (International) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Trademarks are being amortised evenly over their estimated useful life of ten years.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Savoy Laboratories (International)
Limited (Registered number: 00857758)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1st January 2023 17,434
Additions 1,424
Disposals (1,809 )
At 31st December 2023 17,049
AMORTISATION
At 1st January 2023 8,604
Charge for year 1,983
Eliminated on disposal (1,809 )
At 31st December 2023 8,778
NET BOOK VALUE
At 31st December 2023 8,271
At 31st December 2022 8,830

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Other debtors 488,434 385,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£ £
Trade creditors 6,190 -
Taxation and social security 12,600 1,980
18,790 1,980

7. RELATED PARTY DISCLOSURES

During the year, the company purchased goods from Wallace Manufacturing Chemists Limited, a company under common control, amounting to £1,152,993 (2022: £1,056,195).

Also during the year, Wallace Manufacturing Chemists Limited recharged overheads to the company amounting to £38,264 (2022: £93,392).

At the year end, the balance due to the company from Wallace Manufacturing Chemists Limited amounted to £488,355 (2022: £385,402).

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Savoy Laboratories (International)
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 Savoy Laboratories (International) Limited for the year ended 31st December 2023 which comprise the Income Statement, Balance Sheet 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 Savoy Laboratories (International) 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 Savoy Laboratories (International) Limited and state those matters that we have agreed to state to the Board of Directors of Savoy Laboratories (International) 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 Savoy Laboratories (International) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Savoy Laboratories (International) 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 Savoy Laboratories (International) Limited. You consider that Savoy Laboratories (International) 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 Savoy Laboratories (International) 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.






Moulton Johnson Limited
Chartered Accountants
29a Crown Street
Brentwood
Essex
CM14 4BA


20th September 2024