IRIS Accounts Production v25.2.0.378 10289475 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102894752024-01-31102894752025-01-31102894752024-02-012025-01-31102894752023-01-31102894752023-02-012024-01-31102894752024-01-3110289475ns15:EnglandWales2024-02-012025-01-3110289475ns14:PoundSterling2024-02-012025-01-3110289475ns10:Director12024-02-012025-01-3110289475ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3110289475ns10:SmallEntities2024-02-012025-01-3110289475ns10:AuditExemptWithAccountantsReport2024-02-012025-01-3110289475ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3110289475ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3110289475ns10:FullAccounts2024-02-012025-01-311028947512024-02-012025-01-3110289475ns10:OrdinaryShareClass12024-02-012025-01-3110289475ns10:Director22024-02-012025-01-3110289475ns10:Director32024-02-012025-01-3110289475ns10:RegisteredOffice2024-02-012025-01-3110289475ns5:CurrentFinancialInstruments2025-01-3110289475ns5:CurrentFinancialInstruments2024-01-3110289475ns5:Non-currentFinancialInstruments2025-01-3110289475ns5:Non-currentFinancialInstruments2024-01-3110289475ns5:ShareCapital2025-01-3110289475ns5:ShareCapital2024-01-3110289475ns5:RetainedEarningsAccumulatedLosses2025-01-3110289475ns5:RetainedEarningsAccumulatedLosses2024-01-3110289475ns5:NetGoodwill2024-02-012025-01-3110289475ns5:IntangibleAssetsOtherThanGoodwill2024-02-012025-01-3110289475ns5:PlantMachinery2024-02-012025-01-3110289475ns5:MotorVehicles2024-02-012025-01-3110289475ns5:NetGoodwill2024-01-3110289475ns5:NetGoodwill2025-01-3110289475ns5:NetGoodwill2024-01-3110289475ns5:LandBuildings2024-01-3110289475ns5:PlantMachinery2024-01-3110289475ns5:MotorVehicles2024-01-3110289475ns5:LandBuildings2024-02-012025-01-3110289475ns5:LandBuildings2025-01-3110289475ns5:PlantMachinery2025-01-3110289475ns5:MotorVehicles2025-01-3110289475ns5:LandBuildings2024-01-3110289475ns5:PlantMachinery2024-01-3110289475ns5:MotorVehicles2024-01-3110289475ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3110289475ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3110289475ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2025-01-3110289475ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-01-3110289475ns5:Secured2025-01-3110289475ns5:Secured2024-01-3110289475ns10:OrdinaryShareClass12025-01-31
REGISTERED NUMBER: 10289475 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Savin Wholesalers Limited

Savin Wholesalers Limited (Registered number: 10289475)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Savin Wholesalers Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: G Savin
C Savin
L Bicknell





REGISTERED OFFICE: Vinegar Hill
Hatch
Sandy
Bedfordshire
SG19 1PR





REGISTERED NUMBER: 10289475 (England and Wales)





ACCOUNTANTS: Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Savin Wholesalers 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 Income Statement and certain other primary statements and the Directors' Report 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 Savin Wholesalers Limited for the year ended 31 January 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Savin Wholesalers 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 Savin Wholesalers Limited and state those matters that we have agreed to state to the Board of Directors of Savin Wholesalers 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 Savin Wholesalers Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Savin Wholesalers 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 Savin Wholesalers Limited. You consider that Savin Wholesalers 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 Savin Wholesalers 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.






Thickbroom Coventry Limited
Chartered Accountants
147a High Street
Waltham Cross
EN8 7AP


18 July 2025

Savin Wholesalers Limited (Registered number: 10289475)

Statement of Financial Position
31 January 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 2,008,084 1,984,121
2,008,085 1,984,122

CURRENT ASSETS
Stocks 394,265 452,541
Debtors 6 62,978 82,704
Cash at bank and in hand 11,006 12,188
468,249 547,433
CREDITORS
Amounts falling due within one year 7 (1,060,757 ) (1,211,992 )
NET CURRENT LIABILITIES (592,508 ) (664,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,415,577

1,319,563

CREDITORS
Amounts falling due after more than one
year

8

(7,496

)

(79,465

)
NET ASSETS 1,408,081 1,240,098

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 1,407,081 1,239,098
SHAREHOLDERS' FUNDS 1,408,081 1,240,098

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

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

Savin Wholesalers Limited (Registered number: 10289475)

Statement of Financial Position - continued
31 January 2025


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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by:





G Savin - Director


Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Savin Wholesalers 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 19 (2024 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2024
and 31 January 2025 24,649
AMORTISATION
At 1 February 2024
and 31 January 2025 24,648
NET BOOK VALUE
At 31 January 2025 1
At 31 January 2024 1

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2024 1,889,201 93,632 148,518 2,131,351
Additions 23,116 23,541 - 46,657
At 31 January 2025 1,912,317 117,173 148,518 2,178,008
DEPRECIATION
At 1 February 2024 - 54,807 92,423 147,230
Charge for year - 8,668 14,026 22,694
At 31 January 2025 - 63,475 106,449 169,924
NET BOOK VALUE
At 31 January 2025 1,912,317 53,698 42,069 2,008,084
At 31 January 2024 1,889,201 38,825 56,095 1,984,121

Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 63,028 61,655
Other debtors (50 ) 21,049
62,978 82,704

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 145,766 230,268
Trade creditors 203,151 263,146
Taxation and social security 165,277 113,872
Other creditors 546,563 604,706
1,060,757 1,211,992

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 9) 7,496 79,465

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 79,402 39,707
Bank loans 66,364 190,561
145,766 230,268

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,496 79,465

Savin Wholesalers Limited (Registered number: 10289475)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 73,860 270,026

The bank loan is secured over the freehold property of the company, and is repayable by monthly instalments. Interest is charged at 1.95% over Barclays Bank Plc base rate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. ULTIMATE CONTROLLING PARTY

The controlling party is G Savin.