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REGISTERED NUMBER: 09283436 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Savisto Limited

Savisto Limited (Registered number: 09283436)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Savisto Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A J Simpson





REGISTERED OFFICE: Inbond
Malleable Way
Stockton-On-Tees
Cleveland
TS18 2QX





REGISTERED NUMBER: 09283436 (England and Wales)





ACCOUNTANTS: Wasley Chapman LLP
Chartered Accountants
7 Eggleston Court
Riverside Park
Middlesbrough
TS2 1RU

Savisto Limited (Registered number: 09283436)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 101,613 87,342
Debtors 4 116,410 123,049
Cash at bank 8,642 28,408
226,665 238,799
CREDITORS
Amounts falling due within one year 5 160,522 167,103
NET CURRENT ASSETS 66,143 71,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,143

71,696

CREDITORS
Amounts falling due after more than one
year

6

18,223

28,881
NET ASSETS 47,920 42,815

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 47,820 42,715
47,920 42,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 February 2025 and were signed by:



A J Simpson - Director


Savisto Limited (Registered number: 09283436)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Savisto 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,622 21,261
Other debtors 101,212 101,212
Directors' loan accounts 576 576
116,410 123,049

Savisto Limited (Registered number: 09283436)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 10,628 35,000
Trade creditors 54,796 37,889
Tax - 2,617
Social security and other taxes 95,098 91,597
160,522 167,103

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 18,223 28,881