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Registration number: 00786636

W.R. Sandow Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

W.R. Sandow Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 8

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
W.R. Sandow Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W.R. Sandow Limited for the year ended 31 December 2024 as set out on pages 2 to 8 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 at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of W.R. Sandow Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of W.R. Sandow Limited and state those matters that we have agreed to state to the Board of Directors of W.R. Sandow Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.R. Sandow Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that W.R. Sandow Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W.R. Sandow Limited. You consider that W.R. Sandow 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 accounts of W.R. Sandow 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 accounts.

......................................
D.J. Reynolds & Co.
Chartered Accountants
15 Alverton Street
Penzance
Cornwall
TR18 2QP

4 November 2025

W.R. Sandow Limited

(Registration number: 00786636)
Balance Sheet as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 470,796 | 428,579
Current assets |  |  |
Stocks | 5 | 60,663 | 62,453
Debtors | 6 | 75,394 | 71,542
Cash at bank and in hand |  | 582 | 346
|  | 136,639 | 134,341
Creditors: Amounts falling due within one year | 7 | (117,249) | (114,701)
Net current assets |  | 19,390 | 19,640
Total assets less current liabilities |  | 490,186 | 448,219
Creditors: Amounts falling due after more than one year | 7 | (299,716) | (282,844)
Provisions for liabilities |  | (24,326) | (4,569)
Net assets |  | 166,144 | 160,806
Capital and reserves |  |  |
Called up share capital | 8 | 600 | 600
Revaluation reserve |  | 98,068 | 98,068
Retained earnings |  | 67,476 | 62,138
Shareholders' funds |  | 166,144 | 160,806

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 November 2025 and signed on its behalf by:

......................................... Mr A P Sandow Director

W.R. Sandow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Rose-An-Grouse
Hayle
Cornwall
TR27 6JN

These financial statements were authorised for issue by the Board on 4 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

W.R. Sandow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 10% reducing balance
Motor vehicles | 12.5% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

W.R. Sandow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4 | Tangible assets

| Land and buildings £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 January 2024 | 175,387 | 524,477 | 360,191 | 1,060,055
Additions | - | - | 107,500 | 107,500
Disposals | - | (14,500) | (26,050) | (40,550)
Transfers | - | (420,696) | 420,696 | -
At 31 December 2024 | 175,387 | 89,281 | 862,337 | 1,127,005
Depreciation
At 1 January 2024 | 9,936 | 356,383 | 265,157 | 631,476
Charge for the year | - | 4,236 | 36,669 | 40,905
Eliminated on disposal | - | (1,813) | (14,359) | (16,172)
Transfers | - | (299,177) | 299,177 | -
At 31 December 2024 | 9,936 | 59,629 | 586,644 | 656,209
Carrying amount
At 31 December 2024 | 165,451 | 29,652 | 275,693 | 470,796
At 31 December 2023 | 165,451 | 168,094 | 95,034 | 428,579

Included within the net book value of land and buildings above is £165,451 (2023 - £165,451) in respect of freehold land and buildings.

W.R. Sandow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5 | Stocks

| 2024 £ | 2023 £
Work in progress | 40,464 | 40,177
Other inventories | 20,199 | 22,276
| 60,663 | 62,453

6 | Debtors

Current | 2024 £ | 2023 £
Trade debtors | 72,915 | 65,353
Prepayments | 2,479 | 2,215
Other debtors | - | 3,974
| 75,394 | 71,542

W.R. Sandow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2024 £ | 2023 £
Due within one year |  |  |
Loans and borrowings | 9 | 84,360 | 75,769
Trade creditors |  | 13,200 | 24,726
Taxation and social security |  | 17,013 | 8,106
Accruals and deferred income |  | 2,492 | 3,150
Other creditors |  | 184 | 2,950
|  | 117,249 | 114,701

Creditors: amounts falling due after more than one year

| Note | 2024 £ | 2023 £
Due after one year |  |  |
Loans and borrowings | 9 | 299,716 | 282,844

8 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary shares of £1 each | 600 | 600 | 600 | 600

W.R. Sandow Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

9 | Loans and borrowings

| 2024 £ | 2023 £
Non-current loans and borrowings
Bank borrowings | 77,366 | 58,765
Hire purchase contracts | - | 3,281
Other borrowings | 222,350 | 220,798
| 299,716 | 282,844

| 2024 £ | 2023 £
Current loans and borrowings
Bank borrowings | 18,024 | 16,076
Bank overdrafts | 51,555 | 46,568
Hire purchase contracts | 14,781 | 13,125
| 84,360 | 75,769

10 | Related party transactions

Transactions with directors

2024 | At 1 January 2024 £ | Advances to director £ | Repayments by director £ | At 31 December 2024 £
Mr R P Sandow
Loan from Director | 152,414 | (8,840) | - | 143,574
Mr A P Sandow
Loan from Director | 68,383 | (2,899) | 13,292 | 78,776

2023 | At 1 January 2023 £ | Advances to director £ | Repayments by director £ | At 31 December 2023 £
Mr R P Sandow
Loan from Director | 128,304 | (3,833) | 27,943 | 152,414
Mr A P Sandow
Loan from Director | 56,337 | (1,917) | 13,963 | 68,383