REGISTERED NUMBER: 07216032 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

SavourSmiths Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Michael James Russell Smith

Mrs Colette Smith

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

BUSINESS ADDRESS:

Quendon Court

Cambridge Road

Quendon

Saffron Walden

Essex

CB11 3XJ

REGISTERED NUMBER:

07216032 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

1,314,626

753,744

CURRENT ASSETS

Stocks

455,139

282,623

Debtors

5

639,169

592,581

Cash at bank

401,244

819,256

1,495,552

1,694,460

CREDITORS

Amounts falling due within one year

6

571,307

806,123

NET CURRENT ASSETS

924,245

888,337

TOTAL ASSETS LESS CURRENT LIABILITIES

2,238,871

1,642,081

CREDITORS

Amounts falling due after more than one year

7

(5,723

)

(60,078

)

PROVISIONS FOR LIABILITIES

(328,657

)

(188,915

)

NET ASSETS

1,904,491

1,393,088

CAPITAL AND RESERVES

Called up share capital

9

120

120

Retained earnings

1,904,371

1,392,968

SHAREHOLDERS' FUNDS

1,904,491

1,393,088

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2025 and were signed on its behalf by:

Mr Michael James Russell Smith - Director

Mrs Colette Smith - Director

1.	STATUTORY INFORMATION

SavourSmiths 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.

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 - 20% on reducing balance

Fixtures and fittings - 20% on reducing balance

Computer equipment

- 20% on reducing balance

Improvements to property

- 4% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

165,437

675,561

50,373

7,661

899,032

Additions

110,312

539,734

575

2,496

653,117

At 31 March 2025

275,749

1,215,295

50,948

10,157

1,552,149

DEPRECIATION

At 1 April 2024

12,984

117,175

12,562

2,567

145,288

Charge for year

9,366

73,901

7,649

1,319

92,235

At 31 March 2025

22,350

191,076

20,211

3,886

237,523

NET BOOK VALUE

At 31 March 2025

253,399

1,024,219

30,737

6,271

1,314,626

At 31 March 2024

152,453

558,386

37,811

5,094

753,744

The Net Book Value of assets held under hire purchase agreements total £384,083.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

613,687

587,825

Prepayments and accrued income

25,482

4,756

639,169

592,581

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,500

9,500

Hire purchase contracts

40,793

84,457

Trade creditors

422,367

247,523

Tax

58,020

209,233

Social security and other taxes

5,960

65,901

Other creditors

20,380

14,298

Directors' loan accounts

7,947

161,994

Accrued expenses

6,340

13,217

571,307

806,123

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 2-5 years

3,583

13,774

Hire purchase contracts

2,140

46,304

5,723

60,078

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

13,083

23,274

Hire purchase contracts

42,933

130,761

56,016

154,035

The bank loan is secured by fixed and floating charges over assets held by the company. Hire purchase liabilities are secured by the assets to which the liability relates.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

120

Ordinary

£1.00

120

120