Company Registration No. 06780057 (England and Wales)
SAKI SNACKS LIMITED
Unaudited accounts
for the year ended 31 July 2024
SAKI SNACKS LIMITED
Unaudited accounts
Contents
SAKI SNACKS LIMITED
Company Information
for the year ended 31 July 2024
Director
Kaiser Munir Choudhry AHMED
Company Number
06780057 (England and Wales)
Registered Office
UNIT 14 SHERATON BUSINESS CENTRE
WADSWORTH ROAD
GREENFORD
MIDDLESEX
UB6 7JB
SAKI SNACKS LIMITED
Statement of financial position
as at 31 July 2024
Tangible assets
47,929
41,745
Investment property
930,000
810,730
Inventories
331,231
322,530
Cash at bank and in hand
29,997
52,437
Creditors: amounts falling due within one year
(832,576)
(902,133)
Net current assets
320,657
265,963
Total assets less current liabilities
1,298,587
1,118,439
Creditors: amounts falling due after more than one year
(319,782)
(315,637)
Provisions for liabilities
Other provisions
(52,207)
(20,180)
Net assets
926,598
782,622
Called up share capital
100
100
Fair value reserve
178,378
88,926
Profit and loss account
748,120
693,596
Shareholders' funds
926,598
782,622
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 April 2025 and were signed on its behalf by
Kaiser Munir Choudhry AHMED
Director
Company Registration No. 06780057
SAKI SNACKS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
SAKI SNACKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06780057. The registered office is UNIT 14 SHERATON BUSINESS CENTRE, WADSWORTH ROAD, GREENFORD, MIDDLESEX, UB6 7JB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance method
Motor vehicles
25% reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
SAKI SNACKS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
129,226
73,128
202,354
Disposals
-
(5,995)
(5,995)
At 31 July 2024
129,226
90,133
219,359
At 1 August 2023
108,765
51,844
160,609
Charge for the year
5,115
10,861
15,976
On disposals
-
(5,155)
(5,155)
At 31 July 2024
113,880
57,550
171,430
At 31 July 2024
15,346
32,583
47,929
At 31 July 2023
20,461
21,284
41,745
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Fair value at 1 August 2023
810,730
Net gain from fair value adjustments
119,270
Historical cost
At 1 August 2023 £810,730
At 31 July 2024 £930,000
Investment Properties are included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Amounts falling due within one year
Trade debtors
256,667
288,287
Accrued income and prepayments
-
14,285
Other debtors
535,338
490,557
SAKI SNACKS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
60,551
58,362
Obligations under finance leases and hire purchase contracts
9,493
9,180
Trade creditors
505,589
491,612
Taxes and social security
109,354
91,597
Other creditors
147,589
251,382
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
304,058
310,737
Obligations under finance leases and hire purchase contracts
15,724
4,900
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
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Transactions with related parties
At the date of balance sheet:
The company owed £104,270 (2023 £194,769) to another company in which director has a
participating interest.
The company was owed £524,001 (2023 £475,851) by another company under the control of director
The company owed £26,406 (2022 £28,839) to its director.
During the year, the Company was under the control of the director Mr K M Ahmed
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Average number of employees
During the year the average number of employees was 15 (2023: 15).