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Company Registration No. 13708348 (England and Wales)
Satius Ltd Unaudited accounts for the year ended 31 October 2025
Satius Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
317
9,407
Current assets
Inventories
5
562,889
555,934
Debtors
6
318
(1,758)
Cash at bank and in hand
3
885
563,210
555,061
Creditors: amounts falling due within one year
7
(651,087)
(616,560)
Net current liabilities
(87,877)
(61,499)
Net liabilities
(87,560)
(52,092)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(87,660)
(52,192)
Shareholders' funds
(87,560)
(52,092)
For the year ending 31 October 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 13 July 2026 and were signed on its behalf by
Peter Fishenden Director Company Registration No. 13708348
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Satius Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Satius Ltd is a private company, limited by shares, registered in England and Wales, registration number 13708348. The registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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. At each reporting date, stocks are assessed for impairment. If inventories are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the Income Statement.
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
5 years
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Satius Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 November 2024
1,500
26,206
509
28,215
Additions
-
-
470
470
At 31 October 2025
1,500
26,206
979
28,685
Depreciation
At 1 November 2024
1,000
17,470
338
18,808
Charge for the year
500
8,735
325
9,560
At 31 October 2025
1,500
26,205
663
28,368
Net book value
At 31 October 2025
-
1
316
317
At 31 October 2024
500
8,736
171
9,407
5
Inventories
2025
2024
£
£
Work in progress
-
555,934
Finished goods
562,889
-
562,889
555,934
During the year, the work in progress relating to the construction of two residential properties were transferred to finished goods on completion of the properties.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
318
(1,758)
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
-
3,168
Loans from directors
637,159
584,411
Accruals
13,928
28,981
651,087
616,560
Creditors due within one year include amounts owed to the director of £637,159 (2024: £584,411)
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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