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REGISTERED NUMBER: 12704133 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2023 TO 31 OCTOBER 2024

FOR

SAVEONKIT LTD

SAVEONKIT LTD (REGISTERED NUMBER: 12704133)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 July 2023 to 31 October 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


SAVEONKIT LTD

COMPANY INFORMATION
for the period 1 July 2023 to 31 October 2024







DIRECTOR: Mr R A Jackson





REGISTERED OFFICE: Plastek House
Delamare Road
Waltham Cross
Hertfordshire
EN8 9SB





REGISTERED NUMBER: 12704133 (England and Wales)





ACCOUNTANTS: Raffingers Holdings Limited
Chartered Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

SAVEONKIT LTD (REGISTERED NUMBER: 12704133)

ABRIDGED BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 12,576 -

CURRENT ASSETS
Stocks 111,726 -
Debtors 57,627 -
Cash at bank and in hand 50,290 1
219,643 1
CREDITORS
Amounts falling due within one year 228,552 -
NET CURRENT (LIABILITIES)/ASSETS (8,909 ) 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,667

1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 3,666 -
3,667 1

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

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

The director acknowledges his 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.

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 and an abridged Balance Sheet for the period ended 31 October 2024 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 director and authorised for issue on 21 May 2025 and were signed by:




Mr R A Jackson - Director


SAVEONKIT LTD (REGISTERED NUMBER: 12704133)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 July 2023 to 31 October 2024

1. STATUTORY INFORMATION

Saveonkit Ltd 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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the directors.

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

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.

IT software costs are being amortised evenly over their estimated useful life of five years.

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 period 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 period 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.

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.

SAVEONKIT LTD (REGISTERED NUMBER: 12704133)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 July 2023 to 31 October 2024

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - NIL ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
Additions 15,720
At 31 October 2024 15,720
AMORTISATION
Amortisation for period 3,144
At 31 October 2024 3,144
NET BOOK VALUE

At 31 October 2024 12,576

5. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £200,376 (2023 - nil) to the director.