Sannel Foods Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03538884 (England and Wales)

Sannel Foods Limited

Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTORS:

Mr A Sancak

Mr E Sancak

SECRETARY:

Miss E Sancak

REGISTERED OFFICE:

Unit B

Horizon Business Centre

84 Goodwin Road

London

N9 0BJ

REGISTERED NUMBER:

03538884 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sannel Foods Limited for the year ended 31 March 2026 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

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

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

11 June 2026

CURRENT ASSETS

Inventories

2,089,367

1,378,762

Debtors

4

12,139

4,980

Cash at bank and in hand

11,908

10,613

2,113,414

1,394,355

CREDITORS

Amounts falling due within one year

5

1,393,471

721,241

NET CURRENT ASSETS

719,943

673,114

TOTAL ASSETS LESS CURRENT
LIABILITIES

719,943

673,114

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

719,843

673,014

SHAREHOLDERS' FUNDS

719,943

673,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 11 June 2026 and were signed on its behalf by:

Mr A Sancak - Director

1.	STATUTORY INFORMATION

Sannel Foods 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the goods are physically delivered to the customers and derived from ordinary activities of the company.

Stocks

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

Cost of stocks is valued using the first in first out stock valuation method. Net realisable value is the estimated selling price less cost to sell.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2025 - 59 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

VAT

7,159

-

Prepayments

4,980

12,139

4,980

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

1,325,764

601,052

Corporation tax

15,610

14,030

Social security and other taxes

37,372

30,391

Pension control

8,656

8,297

VAT

-

39,252

Directors' current accounts

-

22,650

Accrued expenses

6,069

5,569

1,393,471

721,241

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

7.

RESERVES

Retained

earnings

£

At 1 April 2025

673,014

Profit for the year

46,829

At 31 March 2026

719,843

8.	CONTINGENT LIABILITIES

Under a credit arrangement between Gama Plus Limited and NatWest Bank plc, there is a fixed and floating charge cover on all the properties or undertaking of the company and a negative pledge.

At the year end the balance due under this agreement was £303,222 (2025- £369,945).

9.	RELATED PARTY DISCLOSURES

Entities with control, joint control or significant influence over the entities

2026

2025

Management charges paid to related parties

£100,000

Nil

Purchases from related parties

£2,080,206

£1,561,217

Sales to related parties

£3,180,704

£2,993,432

Trade creditors

£1,114,276

£289,943