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Registered number: 09708815
Savcon Engineering Limited
Financial Statements
For The Year Ended 31 December 2024
The Hughes Partnership
Chartered Certified Accountants and Business Advisers
Unit 22 Ensign Business Centre
Westwood Way, Westwood Business Park
Coventry
CV4 8JA
Savcon Engineering Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Savcon Engineering Limited
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 09708815

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 1,038,327 |  | 912,991
|  |  | 1,038,327 |  | 912,991
CURRENT ASSETS
Stocks | 5 | 323,562 |  | 314,562 |
Debtors | 6 | 957,146 |  | 804,511 |
Cash at bank and in hand |  | 11,299 |  | 12,039 |
|  | 1,292,007 |  | 1,131,112 |
Creditors: Amounts Falling Due Within One Year | 7 | (1,594,516 ) |  | (1,266,444 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (302,509 ) |  | (135,332 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 735,818 |  | 777,659
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (335,815 ) |  | (385,343 )
NET ASSETS |  |  | 400,003 |  | 392,316
CAPITAL AND RESERVES
Called up share capital | 10 |  | 100 |  | 100
Profit and Loss Account |  |  | 399,903 |  | 392,216
SHAREHOLDERS' FUNDS |  |  | 400,003 |  | 392,316

Page 1
Page 2
Savcon Engineering Limited
Balance Sheet (continued)
As At 31 December 2024
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Robert Stone Director
29 September 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Savcon Engineering Limited
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Savcon Engineering Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09708815 . The registered office is Unit A Beecham Buildings, Atherstone Industrial Estate, Stratford Upon Avon, CV37 8DX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.2.1 Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.2.2 Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 10% reducing balance basis
Motor Vehicles | 20% reducing balance basis
Computer Equipment | 15% reducing balance basis

2.3.1 Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Page 3
Page 4
Savcon Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7.1 Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2.8. Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2.9. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.10. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 35 (2023: 37)
35 37
4. Tangible Assets

| Plant & Machinery | Motor Vehicles | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 January 2024 | 1,109,290 | 19,307 | 27,025 | 1,155,622
Additions | 194,720 | 31,995 | 3,067 | 229,782
As at 31 December 2024 | 1,304,010 | 51,302 | 30,092 | 1,385,404

...CONTINUED
Page 4
Page 5
Savcon Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024 | 222,843 | 8,471 | 11,317 | 242,631
Provided during the period | 93,634 | 8,566 | 2,246 | 104,446
As at 31 December 2024 | 316,477 | 17,037 | 13,563 | 347,077
Net Book Value
As at 31 December 2024 | 987,533 | 34,265 | 16,529 | 1,038,327
As at 1 January 2024 | 886,447 | 10,836 | 15,708 | 912,991

5. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Materials | 323,562 |  | 314,562

6. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 807,943 |  | 684,657
Prepayments and accrued income | 49,466 |  | 51,218
Other debtors | 99,737 |  | 68,636
| 957,146 |  | 804,511

7. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 197,931 |  | 157,155
Trade creditors | 429,041 |  | 416,012
Bank loans and overdrafts | 30,000 |  | 30,000
Corporation tax | 2 |  | 2
Other taxes and social security | 145,667 |  | 51,001
VAT | 176,396 |  | 131,899
Pension payable | 3,797 |  | 2,798
Advances from factor | 573,846 |  | 474,119
Other creditors | 23,477 |  | 300
Directors' loan accounts | 14,359 |  | 3,158
| 1,594,516 |  | 1,266,444

8. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 17,500 |  | 47,500
Net obligations under finance lease and hire purchase contracts | 318,315 |  | 337,843
| 335,815 |  | 385,343

Page 5
Page 6
Savcon Engineering Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Obligations Under Finance Leases and Hire Purchase

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 197,931 |  | 157,155

10. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

11. Controlling Party
The company's controlling party is Robert Stone by virtue of his ownership of 75% of the issued share capital in the company.
Page 6