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Company Registration No. 15111792 (England and Wales)
Saveways Wholesale Ltd Unaudited accounts for the period from 4 September 2023 to 30 September 2024
Saveways Wholesale Ltd Unaudited accounts Contents
Page
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Saveways Wholesale Ltd Company Information for the period from 4 September 2023 to 30 September 2024
Director
Shamsudduza Mohammed Arif
Company Number
15111792 (England and Wales)
Registered Office
Unit 1 Anchor Business Park 102 Beddington Lane Croydon Surrey CR0 4YX England
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Saveways Wholesale Ltd Statement of financial position as at 30 September 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
927,445 
Current assets
Inventories
7,350 
Debtors
382,626 
Cash at bank and in hand
1,915 
391,891 
Creditors: amounts falling due within one year
(135,844)
Net current assets
256,047 
Total assets less current liabilities
1,183,492 
Creditors: amounts falling due after more than one year
(1,198,373)
Net liabilities
(14,881)
Capital and reserves
Called up share capital
100 
Profit and loss account
(14,981)
Shareholders' funds
(14,881)
For the period ending 30 September 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 3 June 2025 and were signed on its behalf by
Shamsudduza Mohammed Arif Director Company Registration No. 15111792
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Saveways Wholesale Ltd Notes to the Accounts for the period from 4 September 2023 to 30 September 2024
1
Statutory information
Saveways Wholesale Ltd is a private company, limited by shares, registered in England and Wales, registration number 15111792. The registered office is Unit 1, Anchor Business Park, 102 Beddington Lane, Croydon, Surrey, CR0 4YX, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. No depreciation is provided in the year of purchase. Depreciation is provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
15 years straight line
Plant & machinery
15 years straight line
Fixtures & fittings
10 years straight line
Computer equipment
10 years straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Saveways Wholesale Ltd Notes to the Accounts for the period from 4 September 2023 to 30 September 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 4 September 2023
- 
- 
- 
- 
- 
Additions
698,940 
172,392 
42,530 
13,583 
927,445 
At 30 September 2024
698,940 
172,392 
42,530 
13,583 
927,445 
Depreciation
At 30 September 2024
- 
- 
- 
- 
- 
Net book value
At 30 September 2024
698,940 
172,392 
42,530 
13,583 
927,445 
5
Debtors
2024 
£ 
Amounts falling due within one year
VAT
124,205 
Accrued income and prepayments
191,250 
Other debtors
55,504 
370,959 
Amounts falling due after more than one year
Other debtors
11,667 
6
Creditors: amounts falling due within one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
80,844 
Other creditors
55,000 
135,844 
7
Creditors: amounts falling due after more than one year
2024 
£ 
Obligations under finance leases and hire purchase contracts
116,090 
Other creditors
92,995 
Non-equity preference shares
989,288 
1,198,373 
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Saveways Wholesale Ltd Notes to the Accounts for the period from 4 September 2023 to 30 September 2024
8
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
9
Average number of employees
During the period the average number of employees was 0.
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