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REGISTERED NUMBER: 04374240 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SAYONA LIMITED

SAYONA LIMITED (REGISTERED NUMBER: 04374240)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAYONA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: B S Patel





REGISTERED OFFICE: 9-11 Ferme Park Road
London
N4 4DS





REGISTERED NUMBER: 04374240 (England and Wales)





ACCOUNTANTS: Chapmans
Chartered Accountants
9 Churchill Court
58 Station Road
North Harrow
HA2 7SA

SAYONA LIMITED (REGISTERED NUMBER: 04374240)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 750,000 750,000
Tangible assets 5 78,263 97,674
828,263 847,674

CURRENT ASSETS
Stocks 202,076 212,145
Debtors 6 525 525
Cash at bank 237,714 1,807,198
440,315 2,019,868
CREDITORS
Amounts falling due within one year 7 702,203 331,224
NET CURRENT (LIABILITIES)/ASSETS (261,888 ) 1,688,644
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,375

2,536,318

CAPITAL AND RESERVES
Called up share capital 2 4
Capital redemption reserve 8 2 -
Retained earnings 8 566,371 2,536,314
SHAREHOLDERS' FUNDS 566,375 2,536,318

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.

SAYONA LIMITED (REGISTERED NUMBER: 04374240)

BALANCE SHEET - continued
31 MAY 2024


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 18 February 2025 and were signed by:





B S Patel - Director


SAYONA LIMITED (REGISTERED NUMBER: 04374240)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Sayona 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.

Goodwill
Goodwill is not amortised in accordance with the requirements of FRS10, as in the opinion of the directors, the present market value exceeds the book value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


SAYONA LIMITED (REGISTERED NUMBER: 04374240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued
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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 750,000
NET BOOK VALUE
At 31 May 2024 750,000
At 31 May 2023 750,000

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023
and 31 May 2024 47,309 392,231 53,090 492,630
DEPRECIATION
At 1 June 2023 46,709 341,611 6,636 394,956
Charge for year 120 12,655 6,636 19,411
At 31 May 2024 46,829 354,266 13,272 414,367
NET BOOK VALUE
At 31 May 2024 480 37,965 39,818 78,263
At 31 May 2023 600 50,620 46,454 97,674

SAYONA LIMITED (REGISTERED NUMBER: 04374240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 525 525

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 5,046 35,591
Taxation and social security 118,692 103,745
Other creditors 578,465 191,888
702,203 331,224

8. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 June 2023 2,536,314 - 2,536,314
Profit for the year 242,856 242,856
Dividends (100,000 ) (100,000 )
Purchase of own shares (2,112,799 ) 2 (2,112,797 )
At 31 May 2024 566,371 2 566,373

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
A S Patel and B S Patel
Balance outstanding at start of year (163,933 ) (88,653 )
Amounts advanced 28,804 64,720
Amounts repaid (418,000 ) (140,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (553,129 ) (163,933 )

10. RELATED PARTY DISCLOSURES

The company's overheads include rent payable of £50,000 (2023: £50,000) to a company owned by the directors and their family members.

SAYONA LIMITED (REGISTERED NUMBER: 04374240)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


11. ULTIMATE CONTROLLING PARTY

The Company is controlled by the director and his wife by virtue of a controlling interest of 100% of the issued ordinary share capital.