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REGISTERED NUMBER: 03538884 (England and Wales)


Sannel Foods Limited

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025






Sannel Foods Limited (Registered number: 03538884)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Sannel Foods Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: Mr A Sancak
Mr E Sancak





SECRETARY: Miss E Sancak





REGISTERED OFFICE: Unit B
Horizon Business Centre
84 Goodwin Road
London
N9 0BJ





REGISTERED NUMBER: 03538884 (England and Wales)





ACCOUNTANTS: Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Sannel Foods Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sannel Foods Limited for the year ended 31 March 2025 which comprise the Abridged Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Sannel Foods Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sannel Foods Limited and state those matters that we have agreed to state to the Board of Directors of Sannel Foods Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sannel Foods Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sannel Foods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sannel Foods Limited. You consider that Sannel Foods Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sannel Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Alton & Co
Chartered Accountants
239-241 Kennington Lane
London
SE11 5QU


4 June 2025

Sannel Foods Limited (Registered number: 03538884)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Inventories 1,378,762 1,256,966
Debtors 4 4,980 19,895
Cash at bank and in hand 10,613 13,457
1,394,355 1,290,318
CREDITORS
Amounts falling due within one year 5 721,241 659,292
NET CURRENT ASSETS 673,114 631,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

673,114

631,026

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 673,014 630,926
SHAREHOLDERS' FUNDS 673,114 631,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Sannel Foods Limited (Registered number: 03538884)

Statement of Financial Position - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 June 2025 and were signed on its behalf by:





Mr A Sancak - Director


Sannel Foods Limited (Registered number: 03538884)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Sannel Foods 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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the goods are physically delivered to the customers and derived from ordinary activities of the company.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost of stocks is valued using the first in first out stock valuation method. Net realisable value is the estimated selling price less cost to sell.

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 59 (2024 - 48 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 4,980 19,895

Sannel Foods Limited (Registered number: 03538884)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 601,052 616,560
Taxation and social security 91,970 37,663
Other creditors 28,219 5,069
721,241 659,292

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 April 2024 630,926
Profit for the year 42,088
At 31 March 2025 673,014

8. CONTINGENT LIABILITIES

Under a credit arrangement between Gama Plus Limited and NatWest Bank plc, there is a fixed and floating charge cover on all the properties or undertaking of the company and a negative pledge.
At the year end the balance due under this agreement was £369,945 (2024- £368,617).

9. RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entities

During the year the company paid management charges of nil (2024- £50,000).

Purchases totalling £2,199,404 (2024 - £1,703,217) was made from this company during the year under review.

Sales totalling £2,93,432 (2024 - £2,699,309) was made to this company during the year under review.
Balance due at the Balance Sheet date is £289,943 (2024 - £436,386)