Registration number: 07595051

SAV Associates Ltd

Contents

Company Information	1
Director's Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

SAV Associates Ltd

Company Information

Director

Mr Simon Fawkes

Registered office

119 Montague Street Worthing BN11 3BP

Accountants

ASK UK Accountancy Ltd Airport House Purley Way Croydon Surrey CR0 0XZ

SAV Associates Ltd

Director's Report for the Period from 1 May 2025 to 31 July 2026

The director presents his report and the financial statements for the period from 1 May 2025 to 31 July 2026.

Director of the company

The director who held office during the period was as follows:

Mr Simon Fawkes

Principal activity

The principal activity of the company is buying and selling of quality pre-owned items

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 15 October 2026
 

......................................... Mr Simon Fawkes Director

SAV Associates Ltd

(Registration number: 07595051)
Balance Sheet as at 31 July 2026

	Note	2026 £	2025 £
Current assets
Stocks	6	-	148,664
Debtors	7	931	109,027
Cash at bank and in hand		7,344	7,344
		8,275	265,035
Creditors: Amounts falling due within one year	8	(2,000)	(201,509)
Net assets		6,275	63,526
Capital and reserves
Called up share capital	9	100	100
Retained earnings		6,175	63,426
Shareholders' funds		6,275	63,526

For the financial period ending 31 July 2026 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 15 October 2026
 

......................................... Mr Simon Fawkes Director

SAV Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 July 2026

1	General information

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

The address of its registered office is:
119 Montague Street
Worthing
BN11 3BP

These financial statements were authorised for issue by the director on 15 October 2026.

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 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

SAV Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 July 2026

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
Land and buildings	Straight line 10%
Furniture and fittings	Straight line 25%
Office equipment	Straight line 25%

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Straight line 10%

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.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

SAV Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 July 2026

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 5 (2025 - 5).

SAV Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 July 2026

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 May 2025	10,000	10,000
At 31 July 2026	10,000	10,000
Amortisation
At 1 May 2025	10,000	10,000
At 31 July 2026	10,000	10,000
Carrying amount
At 31 July 2026	-	-

5	Tangible assets

	Short leasehold land and buildings £	Fixtures and fittings £	Total £
Cost or valuation
At 1 May 2025	2,529	83,541	86,070
At 31 July 2026	2,529	83,541	86,070
Depreciation
At 1 May 2025	2,529	83,541	86,070
At 31 July 2026	2,529	83,541	86,070
Carrying amount
At 31 July 2026	-	-	-

Included within the net book value of land and buildings above is £Nil (2025 - £Nil) in respect of short leasehold land and buildings.
 

6

Stocks

	2026 £	2025 £
Other inventories	-	148,664

SAV Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 July 2026

7

Debtors

Current	2026 £	2025 £
Trade debtors	-	94,277
Other debtors	931	14,750
	931	109,027

SAV Associates Ltd

Notes to the Unaudited Financial Statements for the Period from 1 May 2025 to 31 July 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	10	-	37,503
Amounts owed to group undertakings and undertakings in which the company has a participating interest		2,000	91,140
Taxation and social security		-	19,273
Other creditors		-	53,593
		2,000	201,509

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Loans and borrowings

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	-	37,503

11

Dividends

Final dividends paid

		2026 £		2025 £
Final dividend of £5.00 per each Ordinary		500		500