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REGISTERED NUMBER: 00951632 (England and Wales)















R. SANTOS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


R. SANTOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: J R Santos
S M Santos
K R Santos





SECRETARY: K R Santos





REGISTERED OFFICE: Eastwood Farm
Hagg Lane
Epperstone
Nottinghamshire
NG14 6AX





REGISTERED NUMBER: 00951632 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 363,898 344,657
Investments 6 87 87
363,985 344,744

CURRENT ASSETS
Inventories 14,865 12,386
Debtors 7 122,416 93,276
137,281 105,662
CREDITORS
Amounts falling due within one year 8 177,353 277,317
NET CURRENT LIABILITIES (40,072 ) (171,655 )
TOTAL ASSETS LESS CURRENT LIABILITIES 323,913 173,089

CREDITORS
Amounts falling due after more than one year 9 (32,067 ) (32,209 )

PROVISIONS FOR LIABILITIES (71,310 ) (67,421 )
NET ASSETS 220,536 73,459

CAPITAL AND RESERVES
Called up share capital 11 100 100
Preference shares 70,000 -
Retained earnings 150,436 73,359
SHAREHOLDERS' FUNDS 220,536 73,459

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:





J R Santos - Director


R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)

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

1. STATUTORY INFORMATION

R. Santos 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue represents net invoiced sales of produce and livestock, excluding value added tax. Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale.

Revenue comprises the provision of services and goods. Revenue is recognised when the significant risks and rewards have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

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.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 25% on cost, 15% on cost and 2% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023 10,929
Disposals (10,929 )
At 31 October 2024 -
AMORTISATION
At 1 November 2023 10,929
Eliminated on disposal (10,929 )
At 31 October 2024 -
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 - 868,041 868,041
Additions 8,750 69,000 77,750
Disposals - (51,965 ) (51,965 )
At 31 October 2024 8,750 885,076 893,826
DEPRECIATION
At 1 November 2023 - 523,384 523,384
Charge for year - 22,134 22,134
Eliminated on disposal - (15,590 ) (15,590 )
At 31 October 2024 - 529,928 529,928
NET BOOK VALUE
At 31 October 2024 8,750 355,148 363,898
At 31 October 2023 - 344,657 344,657


R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 87
NET BOOK VALUE
At 31 October 2024 87
At 31 October 2023 87

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 120,713 89,102
Other debtors 1,703 4,174
122,416 93,276

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,739 79,457
Hire purchase contracts 18,341 16,695
Trade creditors 77,836 63,409
Taxation and social security 38,431 10,913
Other creditors 27,006 106,843
177,353 277,317

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 5,834 15,834
Hire purchase contracts 26,233 16,375
32,067 32,209

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 5,739 69,457
Hire purchase contracts 44,574 33,070
50,313 102,527

Secured by the way of a fixed charge over the company's assets.

R. SANTOS LIMITED (REGISTERED NUMBER: 00951632)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100