Sanco Technology Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06886942

Sanco Technology Limited

Filleted Unaudited Financial Statements

31 December 2025

Sanco Technology Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,150	27,576

Current assets

Stocks		76,400	114,848
Debtors	6	240,509	467,398
		---------	---------
		316,909	582,246

Creditors: amounts falling due within one year	7	840,485		1,072,314
		---------		------------
Net current liabilities			523,576	490,068
			---------	---------
Total assets less current liabilities			( 520,426)	( 462,492)

Creditors: amounts falling due after more than one year	8	24,741	8,000
		---------	---------
Net liabilities		( 545,167)	( 470,492)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 545,267)	( 470,592)
	---------	---------
Shareholders deficit	( 545,167)	( 470,492)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sanco Technology Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 21 August 2026 , and are signed on behalf of the board by:

Mr H Santos
Director

Company registration number: 06886942

Sanco Technology Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts show a net loss and an insolvent balance sheet. In the opinion of the directors the going concern basis remains appropriate, the company is reliant on third party support and has no reason to believe that this will be withdrawn. Should this cease to be the case, the assets will need to be restated to their recoverable amounts.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line
Fixtures and fittings	-	15% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2024: 10 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025	81,931	18,776	100,707
Disposals	( 59,100)	–	( 59,100)
	--------	--------	---------
At 31 December 2025	22,831	18,776	41,607
	--------	--------	---------
Depreciation
At 1 January 2025	55,490	17,641	73,131
Charge for the year	8,758	331	9,089
Disposals	( 43,763)	–	( 43,763)
	--------	--------	---------
At 31 December 2025	20,485	17,972	38,457
	--------	--------	---------
Carrying amount
At 31 December 2025	2,346	804	3,150
	--------	--------	---------
At 31 December 2024	26,441	1,135	27,576
	--------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	196,586	402,145
Amounts owed by group undertakings and undertakings in which the company has a participating interest	7,507	6,486
Other debtors	36,416	58,767
	---------	---------
	240,509	467,398
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	93,728	39,690
Trade creditors	280,447	502,805
Social security and other taxes	110,071	74,581
Connected company loan	12,925	11,688
Other creditors	343,314	443,550
	---------	------------
	840,485	1,072,314
	---------	------------

Bank loans of £7,999 are secured by the UK Government.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	24,741	8,000
	--------	-------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D Reek	523	–	( 523)	–
Mr H Santos	( 26,861)	33,462	( 45,474)	( 38,873)
	--------	--------	--------	--------
	( 26,338)	33,462	( 45,997)	( 38,873)
	--------	--------	--------	--------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Mr D Reek	1,415	–	( 892)	523
Mr H Santos	( 6,453)	1,292	( 21,700)	( 26,861)
	-------	-------	--------	--------
	( 5,038)	1,292	( 22,592)	( 26,338)
	-------	-------	--------	--------