REGISTERED NUMBER: 08905314 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Sweethaven Computers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M M Rambridge

R W Vogt

REGISTERED OFFICE:

Colony One

Silk Street

Ancoats

Manchester

M4 6LZ

BUSINESS ADDRESS:

Sweethaven House

Trehaven Parade

Reigate

Surrey

RH2 7LL

REGISTERED NUMBER:

08905314 (England and Wales)

AUDITORS:

Freedman Frankl & Taylor

Statutory Auditors

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

63,435

109,324

CURRENT ASSETS

Stocks

38,457

43,242

Debtors

5

1,546,254

694,228

Cash at bank

47,000

638,375

1,631,711

1,375,845

CREDITORS

Amounts falling due within one year

6

(789,729

)

(743,097

)

NET CURRENT ASSETS

841,982

632,748

TOTAL ASSETS LESS CURRENT LIABILITIES

905,417

742,072

CREDITORS

Amounts falling due after more than one year

7

(36,633

)

(16,632

)

PROVISIONS FOR LIABILITIES

-

(26,201

)

NET ASSETS

868,784

699,239

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

868,684

699,139

SHAREHOLDERS' FUNDS

868,784

699,239

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 12 October 2025 and were signed on its behalf by:

R W Vogt - Director

1.	STATUTORY INFORMATION

Sweethaven Computers 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned entities within the group.

Significant judgements and estimates

In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Turnover

Revenue comprises the fair value of consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Revenue is shown net of sales returns, value added tax, rebates and discounts.

The company recognises revenue when:

-

The amount of revenue can be reliably measured;

-

it is probable that future economic benefit will flow into the entity;

-

and specific criteria have been met for each of the company's activities.

Tangible fixed assets

Tangible fixed assets are initially recorded at cost less any tax, discounts and rebates. Cost includes the original purchase price of the asset and costs attributable to bringing the asset into its working condition for its intended use. Subsequently they are recorded at cost less accumulated depreciation and impairment.

Depreciation is provided at the following annual rates on straight line basis in order to write off each asset over its estimated useful life.

Fixtures and Fittings

- 25% on cost

Computer equipment

- 20% on cost and 33% on cost

Impairment of fixed assets

Fixed assets are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's fair value less costs to sell and value in use. Fixed assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.

Where indicators exist for a decrease in an impairment loss previously recognised for assets, the prior impairment loss is tested to determine whether all or part of the impairment loss should be reversed. An impairment loss is reversed on an individual impaired asset to the extent that it does not increase the carrying amount of the asset above the carrying amount that would have been determined (net of depreciation) had no impairment been recognised.

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 balance sheet date.

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 year 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.

Operating leases

Rentals paid under operating lease are charged to profit and loss on a straight line basis over the period of the lease.

Going concern

The company's financial statements for the year ended 31 December 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 40 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

5,607

223,334

228,941

Additions

-

16,084

16,084

At 31 December 2024

5,607

239,418

245,025

DEPRECIATION

At 1 January 2024

2,064

117,553

119,617

Charge for year

841

61,132

61,973

At 31 December 2024

2,905

178,685

181,590

NET BOOK VALUE

At 31 December 2024

2,702

60,733

63,435

At 31 December 2023

3,543

105,781

109,324

5.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

415,402

410,505

Other debtors

117,782

75,132

533,184

485,637

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,013,070

208,591

Aggregate amounts

1,546,254

694,228

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

240,047

335,752

Taxation and social security

219,957

163,756

Other creditors

329,725

243,589

789,729

743,097

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to group undertakings

36,633

16,632

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

71,303

78,726

Between one and five years

137,500

220,863

208,803

299,589

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Adam Caplan BSc (Hons) BFP FCA (Senior Statutory Auditor)

for and on behalf of Freedman Frankl & Taylor

11.	CONTINGENT LIABILITIES

The company has guaranteed the loan facilities of a group company. The loan balance was £29,691,917 as at 31 December 2024.

12.	ULTIMATE CONTROLLING PARTY

The company's ultimate parent undertaking at the balance sheet date was Duke Capital Limited, a company registered in Guernsey.

The company's parent undertaking at the balance sheet date for which the group accounts are drawn up was Intec Business Holdings Limited, a company registered in England and Wales.

Registered Office

Colony One

Silk Street

Ancoats

Manchester

United Kingdom

M4 6LZ