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Registered number: 06827496
The Sandwich Company (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06827496
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 293,822 326,469
Tangible Assets 5 328,410 311,160
622,232 637,629
CURRENT ASSETS
Stocks 6 91,500 56,610
Debtors 7 166,169 153,167
Cash at bank and in hand 38,929 6,730
296,598 216,507
Creditors: Amounts Falling Due Within One Year 8 (629,762 ) (460,241 )
NET CURRENT ASSETS (LIABILITIES) (333,164 ) (243,734 )
TOTAL ASSETS LESS CURRENT LIABILITIES 289,068 393,895
Creditors: Amounts Falling Due After More Than One Year 9 (262,745 ) (306,914 )
NET ASSETS 26,323 86,981
CAPITAL AND RESERVES
Called up share capital 11 400 400
Profit and Loss Account 25,923 86,581
SHAREHOLDERS' FUNDS 26,323 86,981
Page 1
Page 2
For the 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.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dalvinder Kang
Director
29/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Sandwich Company (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06827496 . The registered office is 116-118 Bridgeman Street, Walsall, West Midlands, WS2 9PG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 20% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 17)
22 17
Page 3
Page 4
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 326,469
As at 31 January 2024 326,469
Amortisation
As at 1 February 2023 -
Provided during the period 32,647
As at 31 January 2024 32,647
Net Book Value
As at 31 January 2024 293,822
As at 1 February 2023 326,469
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 February 2023 422,311 158,317 9,777 2,267 592,672
Additions 79,910 - 1,587 1,589 83,086
As at 31 January 2024 502,221 158,317 11,364 3,856 675,758
Depreciation
As at 1 February 2023 241,938 31,663 7,458 453 281,512
Provided during the period 39,043 25,331 781 681 65,836
As at 31 January 2024 280,981 56,994 8,239 1,134 347,348
Net Book Value
As at 31 January 2024 221,240 101,323 3,125 2,722 328,410
As at 1 February 2023 180,373 126,654 2,319 1,814 311,160
6. Stocks
2024 2023
£ £
Finished goods 91,500 56,610
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 108,498 98,475
Other debtors 57,671 54,692
166,169 153,167
Page 4
Page 5
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 612,420 422,442
Bank loans and overdrafts 6,810 21,277
Other creditors 8,050 8,050
Taxation and social security 2,482 8,472
629,762 460,241
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 154,704 174,863
Bank loans 23,379 34,027
Other loans 62,000 -
Other creditors 22,662 98,024
262,745 306,914
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 154,704 174,863
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 400 400
Page 5