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Company Registration No. 13684026 (England and Wales)
SASI FOOD AND WINE LTD Unaudited accounts for the year ended 31 October 2024
SASI FOOD AND WINE LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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SASI FOOD AND WINE LTD Company Information for the year ended 31 October 2024
Director
Sulosparan Krishnapillai
Company Number
13684026 (England and Wales)
Registered Office
98 LOUSHERS LANE WARRINGTON WA4 2RD ENGLAND
Accountants
MERSEY ACCOUNTANTS 08-10 BROUGHAM TERRACE LIVERPOOL MERSEYSIDE L6 1AE
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SASI FOOD AND WINE LTD Statement of financial position as at 31 October 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
10,812
17,447
Current assets
Inventories
48,255
61,480
Cash at bank and in hand
2,284
5,149
50,539
66,629
Creditors: amounts falling due within one year
5
(71,187)
(86,221)
Net current liabilities
(20,648)
(19,592)
Total assets less current liabilities
(9,836)
(2,145)
Creditors: amounts falling due after more than one year
6
-
(2,344)
Net liabilities
(9,836)
(4,489)
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
(9,936)
(4,589)
Shareholders' funds
(9,836)
(4,489)
For the year ending 31 October 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2025 and were signed on its behalf by
Sulosparan Krishnapillai Director Company Registration No. 13684026
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SASI FOOD AND WINE LTD Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
SASI FOOD AND WINE LTD is a private company, limited by shares, registered in England and Wales, registration number 13684026. The registered office is 98 LOUSHERS LANE, WARRINGTON, WA4 2RD , ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Presentation currency
The accounts are presented in £ sterling.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
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SASI FOOD AND WINE LTD Notes to the Accounts for the year ended 31 October 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
2,000
5,815
20,894
28,709
Additions
-
-
336
336
At 31 October 2024
2,000
5,815
21,230
29,045
Depreciation
At 1 November 2023
1,000
2,113
8,149
11,262
Charge for the year
500
1,163
5,308
6,971
At 31 October 2024
1,500
3,276
13,457
18,233
Net book value
At 31 October 2024
500
2,539
7,773
10,812
At 31 October 2023
1,000
3,702
12,745
17,447
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
2,344
9,375
VAT
1,065
1,403
Trade creditors
28,427
28,302
Taxes and social security
428
546
Loans from directors
38,923
46,595
71,187
86,221
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
-
2,344
7
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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