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REGISTERED NUMBER: 03556628 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 August 2024

for

SANDILANDS PIGS LIMITED

SANDILANDS PIGS LIMITED (Registered number: 03556628)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


SANDILANDS PIGS LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: M J HOOK
S HOOK





SECRETARY: M J HOOK





REGISTERED OFFICE: Sandilands Farm
Newark Road
Laughterton
Lincoln
LN1 2JT





REGISTERED NUMBER: 03556628 (England and Wales)





ACCOUNTANTS: G & R Millett T/as G M Agencies
Orchard Cottage
Old Apley
Market Rasen
Lincolnshire
LN8 5JQ

SANDILANDS PIGS LIMITED (Registered number: 03556628)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

M J HOOK
S HOOK

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





S HOOK - Director


11 March 2025

SANDILANDS PIGS LIMITED (Registered number: 03556628)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER 1,386,489 1,139,995

Cost of sales 986,912 840,725
GROSS PROFIT 399,577 299,270

Administrative expenses 278,918 241,956
OPERATING PROFIT 4 120,659 57,314


Interest payable and similar expenses 9,499 16,485
PROFIT BEFORE TAXATION 111,160 40,829

Tax on profit 10,475 3,187
PROFIT FOR THE FINANCIAL YEAR 100,685 37,642

SANDILANDS PIGS LIMITED (Registered number: 03556628)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 10,900 10,900
Tangible assets 6 698,861 651,892
709,761 662,792

CURRENT ASSETS
Stocks 7 117,392 112,200
Debtors 8 11,928 16,266
Cash at bank and in hand 19,180 67
148,500 128,533
CREDITORS
Amounts falling due within one year 9 216,648 246,597
NET CURRENT LIABILITIES (68,148 ) (118,064 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,613

544,728

CREDITORS
Amounts falling due after more than one
year

10

77,968

81,768
NET ASSETS 563,645 462,960

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 11 232,854 237,599
Retained earnings 330,790 225,360
SHAREHOLDERS' FUNDS 563,645 462,960

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

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

The directors acknowledge their 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.

SANDILANDS PIGS LIMITED (Registered number: 03556628)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared 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 11 March 2025 and were signed on its behalf by:





M J HOOK - Director


SANDILANDS PIGS LIMITED (Registered number: 03556628)

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

1. STATUTORY INFORMATION

SANDILANDS PIGS 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, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Freehold property - 2% on cost
Plant and machinery - 15% 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.

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.

SANDILANDS PIGS LIMITED (Registered number: 03556628)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.8.24 31.8.23
£    £   
Depreciation - owned assets 58,609 55,287

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 10,900
NET BOOK VALUE
At 31 August 2024 10,900
At 31 August 2023 10,900

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2023 798,947 339,492 72,156 68,496 1,279,091
Additions - 129,728 - 13,800 143,528
Disposals - (69,000 ) - - (69,000 )
At 31 August 2024 798,947 400,220 72,156 82,296 1,353,619
DEPRECIATION
At 1 September 2023 315,665 214,982 66,050 30,502 627,199
Charge for year 13,523 31,008 11,073 3,005 58,609
Eliminated on disposal - (31,050 ) - - (31,050 )
At 31 August 2024 329,188 214,940 77,123 33,507 654,758
NET BOOK VALUE
At 31 August 2024 469,759 185,280 (4,967 ) 48,789 698,861
At 31 August 2023 483,282 124,510 6,106 37,994 651,892

SANDILANDS PIGS LIMITED (Registered number: 03556628)

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

7. STOCKS
31.8.24 31.8.23
£    £   
Stocks 117,392 112,200

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors - (21,008 )
Sandilands/Pedigree Puppies - 21,008
VAT 5,017 12,291
Prepayments and accrued income 6,911 3,975
11,928 16,266

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts - 86,372
Finance leases 31,659 -
Trade creditors 2 102,656
Tax 10,475 3,576
Social security and other taxes 3,300 3,100
Directors' loan accounts 77,165 38,368
Accruals and deferred income 94,047 12,525
216,648 246,597

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bounceback loan 19,368 29,168
Other creditors 58,600 52,600
77,968 81,768

11. RESERVES
Revaluation
reserve
£   
At 1 September 2023 237,599
Transfer to Profit & Loss (4,745 )

At 31 August 2024 232,854