| SUGANTHI & VELAVAN LTD | |
| UNAUDITED FINANCIAL STATEMENTS | |
| FOR THE YEAR ENDED 31 DECEMBER 2024 | |
| Company registered number: |
|||||
| STATEMENT OF FINANCIAL POSITION AT |
|||||
| Note | 2024 | 2023 | |||
| £ | £ | £ | |||
| FIXED ASSETS | |||||
| Property, plant and equipment | 3 | ||||
| Investments held as fixed assets | 4 | ||||
| CURRENT ASSETS | |||||
| Financial assets | |||||
| Cash at bank and in hand | |||||
| CREDITORS: Amounts falling due within one year | 5 | ||||
| NET CURRENT ASSETS | |||||
| NET ASSETS | £ |
£ |
|||
| CAPITAL AND RESERVES | |||||
| Called up share capital | |||||
| Retained earnings | |||||
| SHAREHOLDERS' FUNDS | £ |
£ |
|||
| In approving these financial statements as director of the company I hereby confirm the following: | |||
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. | |||
| The financial statements were approved and authorised for issue by the board of directors on |
|||
| Signed on behalf of the board of directors | |||
| The notes on pages 2-6 form part of these financial statements | |
| page 1 | |
| SUGANTHI & VELAVAN LTD | |||
| NOTES TO THE ACCOUNTS | |||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | |||
| 1. | SIGNIFICANT ACCOUNTING POLICIES | ||
| 1a. | Statement of compliance | |||
| Registered office: | ||||
Mere Road Newton Le Willows England WA12 0BH |
||||
| These financial statements are the first financial statements that comply with FRS 102. The date of transition is 1 January 2024. | ||||
| Basis of accounting | ||||
| 1c. | Revenue recognition | |||
| 1d. | Borrowing costs | |||
| 1e. | Taxation | |||
| The notes on pages 2-6 form part of these financial statements | |
| page 2 | |
| SUGANTHI & VELAVAN LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | |||
| 1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) | ||
| 1f. | Property, plant and equipment | ||
| Plant and machinery | |||
| Vehicles | |||
| Fixtures and fittings | |||
| Equipment | |||
| 1g. | Inventories | |||
| 1h. | Short term debtors and creditors | |||
| 1i. | Cash and cash equivalents | |||
| 1j. | Interest bearing borrowings | |||
| 1k. | Leased assets | |||
| The notes on pages 2-6 form part of these financial statements | |
| page 3 | |
| SUGANTHI & VELAVAN LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | |||
| 1. | SIGNIFICANT ACCOUNTING POLICIES (CONT.) | ||
| 1l. | Foreign currencies | |||
| 1m. | Employee benefits | |||
| 1n. | Discontinued operations | |||
| 1o. | Provisions | |||
| 1p. | Judgements and key sources of estimation uncertainty | |||
| 2. | DIRECTORS AND EMPLOYEES | ||
| 2024 | 2023 | ||
| No. | No. | ||
| Production and sales | |||
| The notes on pages 2-6 form part of these financial statements | |
| page 4 | |
| SUGANTHI & VELAVAN LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | |||
| 3. | PROPERTY, PLANT AND EQUIPMENT | ||
| Fixtures & | |||
| Equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 1 January 2024 | |||
| At 31 December 2024 | |||
| Depreciation | |||
| At 1 January 2024 | |||
| For the year | |||
| At 31 December 2024 | |||
| Net Book Amounts | |||
| At 31 December 2024 | |||
| At 31 December 2023 | |||
| 4. | INVESTMENTS HELD AS FIXED ASSETS | ||||
| Other | |||||
| Shares in | Loans to | investments | |||
| group | group | Other than | |||
| undertakings | undertakings | loans | Total | ||
| £ | £ | £ | £ | ||
| Cost or valuation | |||||
| At 1 January 2024 | |||||
| Additions | |||||
| At 31 December 2024 | |||||
| Amounts written off | |||||
| At 31 December 2024 | |||||
| Net Book Amounts | |||||
| At 31 December 2024 | £ |
£ |
£ |
£ |
|
| At 31 December 2023 | £ |
£ |
£ |
£ |
|
| The notes on pages 2-6 form part of these financial statements | |
| page 5 | |
| SUGANTHI & VELAVAN LTD | |||
| NOTES TO THE ACCOUNTS (CONT.) | |||
| FOR THE YEAR ENDED 31 DECEMBER 2024 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Corporation tax | |||
| Other creditors | |||
| £ |
£ |
||
| The notes on pages 2-6 form part of these financial statements | |
| page 6 |