Caseware UK (AP4) 2024.0.164 2024.0.164 2025-05-142025-05-14false17The principal activities of the company are that of marketing, distribution and sale with related installation services of saunas and leisure equipment.2024-01-0115falsetruefalse 02425994 2024-01-01 2024-12-31 02425994 2023-01-01 2023-12-31 02425994 2024-12-31 02425994 2023-12-31 02425994 c:Director5 2024-01-01 2024-12-31 02425994 d:PlantMachinery 2024-01-01 2024-12-31 02425994 d:PlantMachinery 2024-12-31 02425994 d:PlantMachinery 2023-12-31 02425994 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02425994 d:MotorVehicles 2024-01-01 2024-12-31 02425994 d:MotorVehicles 2024-12-31 02425994 d:MotorVehicles 2023-12-31 02425994 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02425994 d:FurnitureFittings 2024-01-01 2024-12-31 02425994 d:FurnitureFittings 2024-12-31 02425994 d:FurnitureFittings 2023-12-31 02425994 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02425994 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 02425994 d:CurrentFinancialInstruments 2024-12-31 02425994 d:CurrentFinancialInstruments 2023-12-31 02425994 d:Non-currentFinancialInstruments 2024-12-31 02425994 d:Non-currentFinancialInstruments 2023-12-31 02425994 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 02425994 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 02425994 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 02425994 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 02425994 d:ShareCapital 2024-12-31 02425994 d:ShareCapital 2023-12-31 02425994 d:RetainedEarningsAccumulatedLosses 2024-12-31 02425994 d:RetainedEarningsAccumulatedLosses 2023-12-31 02425994 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 02425994 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 02425994 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 02425994 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 02425994 d:OtherDeferredTax 2024-12-31 02425994 d:OtherDeferredTax 2023-12-31 02425994 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-01-01 2024-12-31 02425994 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-12-31 02425994 c:OrdinaryShareClass1 2024-01-01 2024-12-31 02425994 c:OrdinaryShareClass1 2024-12-31 02425994 c:OrdinaryShareClass1 2023-12-31 02425994 c:FRS102 2024-01-01 2024-12-31 02425994 c:Audited 2024-01-01 2024-12-31 02425994 c:FullAccounts 2024-01-01 2024-12-31 02425994 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 02425994 d:WithinOneYear 2024-12-31 02425994 d:WithinOneYear 2023-12-31 02425994 d:BetweenOneFiveYears 2024-12-31 02425994 d:BetweenOneFiveYears 2023-12-31 02425994 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 02425994 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 02425994 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 02425994 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 02425994 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 02425994 2 2024-01-01 2024-12-31 02425994 e:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02425994










Sauna360 Ltd










Financial statements

Information for filing with the registrar

For the year ended 31 December 2024

 
Sauna360 Ltd
Registered number: 02425994

Balance sheet
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
48,115
8,712

  
48,115
8,712

Current assets
  

Stocks
  
262,371
231,278

Debtors: amounts falling due within one year
 5 
587,992
391,791

Cash at bank and in hand
  
141,192
525,812

  
991,555
1,148,881

Creditors: amounts falling due within one year
 6 
(328,885)
(222,841)

Net current assets
  
 
 
662,670
 
 
926,040

Total assets less current liabilities
  
710,785
934,752

Creditors: amounts falling due after more than one year
 7 
(25,882)
-

Provisions for liabilities
  

Deferred tax
 9 
-
(1,419)

Other provisions
 10 
(47,809)
-

  
 
 
(47,809)
 
 
(1,419)

Net assets
  
637,094
933,333


Capital and reserves
  

Called up share capital 
 11 
250,000
250,000

Profit and loss account
  
387,094
683,333

  
637,094
933,333


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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Sebastien E Bergmans
Director
Date: 14 May 2025

The notes on pages 2 to 9 form part of these financial statements.

Page 1

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

1.


General information

Sauna360 Ltd is a private company limited by shares and incorporated and domiciled in the United Kingdom.
The company is registered in England (company number 02425994) and the registered address is 3 Felbridge Centre, East Grinstead, West Sussex, RH19 1XP.
The presentation currency of these financial statements is sterling. All amounts have been rounded to the nearest pound, unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise
specified within these accounting policies and in accordance with Section 1A of Financial Reporting
Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and
the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'administration expenses'. All other foreign exchange gains and losses are presented in profit or loss within 'cost of sales'.

Page 2

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)


2.10
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
5 years
Motor vehicles
-
5 years
Fixtures and fittings
-
4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

2.Accounting policies (continued)

 
2.16

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities such as trade and other debtors and creditors, loans from banks and
other third parties, loans to related parties and investments in ordinary shares.



3.


Employees

The average monthly number of employees, including directors, during the year was 17 (2023 - 15).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2024
27,530
15,192
190,546
233,268


Additions
-
36,217
12,792
49,009


Disposals
(2,287)
-
(18,420)
(20,707)



At 31 December 2024

25,243
51,409
184,918
261,570



Depreciation


At 1 January 2024
27,530
15,192
181,834
224,556


Charge for the year on owned assets
-
4,829
4,777
9,606


Disposals
(2,287)
-
(18,420)
(20,707)



At 31 December 2024

25,243
20,021
168,191
213,455



Net book value



At 31 December 2024
-
31,388
16,727
48,115



At 31 December 2023
-
-
8,712
8,712

Page 6

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

5.


Debtors

2024
2023
£
£


Trade debtors
393,774
272,432

Other debtors
-
632

Prepayments and accrued income
95,697
118,727

Deferred taxation
98,521
-

587,992
391,791



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
21,742
57,265

Amounts owed to group undertakings
141,442
-

Other taxation and social security
41,160
42,993

Obligations under finance lease and hire purchase contracts
5,146
-

Other creditors
34,784
35,759

Accruals and deferred income
84,611
86,824

328,885
222,841



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
25,882
-

25,882
-



8.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
5,146
-

Between 1-5 years
25,882
-

31,028
-

Page 7

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

9.


Deferred taxation




2024


£






At beginning of year
(1,419)


Charged to profit or loss
99,940



At end of year
98,521

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(4,095)
(1,419)

Tax losses carried forward
88,653
-

Short term timing differences
13,963
-

98,521
(1,419)


10.


Provisions




Warranties

£





Charged to profit or loss
47,809



At 31 December 2024
47,809

Page 8

 
Sauna360 Ltd
 

 
Notes to the financial statements
For the year ended 31 December 2024

11.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



250,000 (2023 - 250,000) Ordinary shares of £1 each
250,000
250,000



12.


Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
54,199
54,889

Later than 1 year and not later than 5 years
182,836
12,035

237,035
66,924


13.


Controlling party

The Company is a subsidiary undertaking of Sauna360 Oy, registered office, Tehtaankatu 5-7 Riihimaeki, FI-11710 Finland. 
The largest group in which the results of the Company are consolidated is that headed by Masco Corporation, incorporated in United States of America. The consolidated financial statements of this group are available to the public.


14.


Auditor's information

The auditor's report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 14 May 2025 by Allan Pinner FCCA (Senior statutory auditor) on behalf of Kreston Reeves LLP.


Page 9