Sanitatis Ltd NI045178 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is marketing veterinary products Digita Accounts Production Advanced 6.30.9574.0 true true NI045178 2023-02-01 2024-01-31 NI045178 2024-01-31 NI045178 bus:OrdinaryShareClass1 2024-01-31 NI045178 core:CurrentFinancialInstruments 2024-01-31 NI045178 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 NI045178 core:FurnitureFittingsToolsEquipment 2024-01-31 NI045178 bus:SmallEntities 2023-02-01 2024-01-31 NI045178 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 NI045178 bus:FilletedAccounts 2023-02-01 2024-01-31 NI045178 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 NI045178 bus:RegisteredOffice 2023-02-01 2024-01-31 NI045178 bus:Director2 2023-02-01 2024-01-31 NI045178 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 NI045178 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI045178 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 NI045178 core:OfficeEquipment 2023-02-01 2024-01-31 NI045178 countries:NorthernIreland 2023-02-01 2024-01-31 NI045178 2023-01-31 NI045178 core:FurnitureFittingsToolsEquipment 2023-01-31 NI045178 2022-02-01 2023-01-31 NI045178 2023-01-31 NI045178 bus:OrdinaryShareClass1 2023-01-31 NI045178 core:CurrentFinancialInstruments 2023-01-31 NI045178 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 NI045178 core:FurnitureFittingsToolsEquipment 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI045178

Sanitatis Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Sanitatis Ltd

(Registration number: NI045178)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

71

Current assets

 

Stocks

5

214,482

227,982

Debtors

6

221,022

112,022

Cash at bank and in hand

 

165,721

85,329

 

601,225

425,333

Creditors: Amounts falling due within one year

7

(200,595)

(141,200)

Net current assets

 

400,630

284,133

Net assets

 

400,630

284,204

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

400,629

284,203

Shareholders' funds

 

400,630

284,204

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Sanitatis Ltd

(Registration number: NI045178)
Balance Sheet as at 31 January 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 October 2024
 

.........................................
Mr John Gribbin
Director

 

Sanitatis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 132 Moneynick Road,, Randalstown,, Co Antrim., BT41 3HU.

These financial statements were authorised for issue by the director on 28 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable in respect of the sale of goods to customers.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sanitatis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Sanitatis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

576

576

At 31 January 2024

576

576

Depreciation

At 1 February 2023

505

505

Charge for the year

71

71

At 31 January 2024

576

576

Carrying amount

At 31 January 2024

-

-

At 31 January 2023

71

71

 

Sanitatis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Stocks

2024
£

2023
£

Stocks

214,482

227,982

6

Debtors

Current

2024
£

2023
£

Trade debtors

1,799

1,799

Other debtors

219,223

110,223

 

221,022

112,022

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

10,000

10,000

Taxation and social security

38,897

17,135

Accruals and deferred income

14,559

400

Other creditors

137,139

113,665

200,595

141,200

 

Sanitatis Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

9

Related party transactions

2024
 £

2023
 £

Directors current account

137,139

113,665

Included in other debtors is an amount of £110,223 (2023: £110,223) due from Gribbin Homes Ltd - a company controlled by J. Gribbin (Director).