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Company Registration No. 13220057 (England and Wales)
Sawbo Pups Limited Unaudited accounts for the year ended 29 February 2024
Sawbo Pups Limited Unaudited accounts Contents
Page
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Sawbo Pups Limited Company Information for the year ended 29 February 2024
Directors
Percy Smith Bettena Smith
Company Number
13220057 (England and Wales)
Registered Office
77A Richmond Road Twickenham Middlesex TW1 3AW England
Accountants
P10 Accountancy Ltd 77A Richmond Road Twickenham TW1 3AW
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Sawbo Pups Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,401 
15,636 
Current assets
Inventories
6,000 
26,200 
Debtors
4,836 
4,050 
Cash at bank and in hand
29,041 
83,790 
39,877 
114,040 
Creditors: amounts falling due within one year
(49,769)
(106,663)
Net current (liabilities)/assets
(9,892)
7,377 
Net assets
2,509 
23,013 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
2,409 
22,913 
Shareholders' funds
2,509 
23,013 
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 directors acknowledge their 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 of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by
Percy Smith Director Company Registration No. 13220057
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Sawbo Pups Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Sawbo Pups Limited is a private company, limited by shares, registered in England and Wales, registration number 13220057. The registered office is 77A Richmond Road, Twickenham, Middlesex, TW1 3AW, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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% Straight Line
Motor vehicles
20% Straight Line
Computer equipment
25% Straight Line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Sawbo Pups Limited Notes to the Accounts for the year ended 29 February 2024
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Presentation currency
The accounts are presented in £ sterling.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
5,800 
18,000 
1,808 
25,608 
Additions
2,471 
- 
- 
2,471 
At 29 February 2024
8,271 
18,000 
1,808 
28,079 
Depreciation
At 1 March 2023
2,320 
7,200 
452 
9,972 
Charge for the year
1,654 
3,600 
452 
5,706 
At 29 February 2024
3,974 
10,800 
904 
15,678 
Net book value
At 29 February 2024
4,297 
7,200 
904 
12,401 
At 28 February 2023
3,480 
10,800 
1,356 
15,636 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
4,050 
Accrued income and prepayments
4,836 
- 
4,836 
4,050 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,361 
6,665 
Trade creditors
(424)
460 
Taxes and social security
2,166 
13,670 
Loans from directors
42,666 
84,468 
Accruals
- 
1,400 
49,769 
106,663 
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Sawbo Pups Limited Notes to the Accounts for the year ended 29 February 2024
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
4,836 
- 
Later than one year and not later than five years
1,612 
- 
6,448 
- 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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