Company registration number 09041863 (England and Wales)
SANSHO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
SANSHO LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SANSHO LTD (REGISTERED NUMBER: 09041863)
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,175
3,790
Tangible assets
4
886
611
4,061
4,401
Current assets
Stocks
47,776
35,491
Debtors
5
845
265
Cash at bank and in hand
38,247
30,488
86,868
66,244
Creditors: amounts falling due within one year
6
(185,121)
(204,259)
Net current liabilities
(98,253)
(138,015)
Net liabilities
(94,192)
(133,614)
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(94,202)
(133,624)
Total equity
(94,192)
(133,614)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 10 February 2025 and are signed on its behalf by:
G M Habgood
Director
SANSHO LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Sansho Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 84d Chenies Mews, London, WC1E 6HU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The directors and the shareholders have confirmed their intention to continue to provide the company with the necessary financial support to continue for the forseeable future. Consequently, the financial statements have been prepared on a Going Concern basis.
1.3
Turnover
Turnover represents amounts receivable for the sale of specialist homeware products net of VAT and trade discounts.
1.4
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Website
10% straight line
1.5
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
SANSHO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
25% reducing balance
Fixtures, fittings & equipment
25% reducing balance
Computer equipment
33% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.6
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
1.7
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Intangible fixed assets
Website
£
Cost
At 1 June 2023 and 31 May 2024
6,145
Amortisation and impairment
At 1 June 2023
2,355
Amortisation charged for the year
615
At 31 May 2024
2,970
Carrying amount
At 31 May 2024
3,175
At 31 May 2023
3,790
SANSHO LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
£
Cost
At 1 June 2023
382
965
371
1,718
Additions
479
479
At 31 May 2024
861
965
371
2,197
Depreciation and impairment
At 1 June 2023
56
868
183
1,107
Depreciation charged in the year
122
24
58
204
At 31 May 2024
178
892
241
1,311
Carrying amount
At 31 May 2024
683
73
130
886
At 31 May 2023
326
97
188
611
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
845
265
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
883
40
Other creditors
184,238
204,219
185,121
204,259