Sanaway Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05694627

Sanaway Limited

Filleted Unaudited Financial Statements

For the year ended

28 February 2025

Sanaway Limited

Financial Statements

Year ended 28 February 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 7

Sanaway Limited

Statement of Financial Position

28 February 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		164,404	111,754

Current assets

Stocks		13,849	11,630
Debtors	6	75,881	96,599
Cash at bank and in hand		113,546	33,367
		---------	---------
		203,276	141,596

Creditors: amounts falling due within one year	7	( 166,243)		( 133,168)
		---------		---------
Net current assets			37,033	8,428
			---------	---------
Total assets less current liabilities			201,437	120,182

Creditors: amounts falling due after more than one year	8		( 46,103)	( 16,202)

Provisions

Other provisions	( 5,112)	–
	---------	---------
Net assets	150,222	103,980
	---------	---------

Capital and reserves

Called up share capital	9	100	100
Profit and loss account		150,122	103,880
		---------	---------
Shareholders funds		150,222	103,980
		---------	---------

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 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sanaway Limited

Statement of Financial Position (continued)

28 February 2025

These financial statements were approved by the board of directors and authorised for issue on 27 November 2025 , and are signed on behalf of the board by:

Patrick Martin

Director

Company registration number: 05694627

Sanaway Limited

Notes to the Financial Statements

Year ended 28 February 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Maple Grove Business Centre, Lawrence Road, Hounslow, Middlesex, TW4 6DR.

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 UK sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest UK pound.

Trade receivables

Trade receivables do not carry any interest and are stated at their original invoice value as reduced by appropriate allowances for estimated irrecoverable amounts.

Trade payables

Trade payables do not carry any interest and are stated at their original invoice value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

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. In this case, tax is recognised in other comprehensive income. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

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:

Leasehold Property	-	Straight line over the life of the lease
Plant & Machinery	-	25% straight line
Motor Vehicles	-	25% straight line

Stocks

Stock is 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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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 15 (2024: 15 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 March 2024	–	52,819	265,954	318,773
Additions	3,000	23,542	115,508	142,050
Disposals	–	( 2,165)	( 107,645)	( 109,810)
	-------	--------	---------	---------
At 28 February 2025	3,000	74,196	273,817	351,013
	-------	--------	---------	---------
Depreciation
At 1 March 2024	–	27,887	179,132	207,019
Charge for the year	500	14,525	59,704	74,729
Disposals	–	( 994)	( 94,145)	( 95,139)
	-------	--------	---------	---------
At 28 February 2025	500	41,418	144,691	186,609
	-------	--------	---------	---------
Carrying amount
At 28 February 2025	2,500	32,778	129,126	164,404
	-------	--------	---------	---------
At 29 February 2024	–	24,932	86,822	111,754
	-------	--------	---------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	42,027	45,573
Other debtors	33,854	51,026
	--------	--------
	75,881	96,599
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,440	10,183
Trade creditors	12,512	26,362
Social security and other taxes	80,582	43,075
Other creditors	62,709	53,548
	---------	---------
	166,243	133,168
	---------	---------

Secured creditors include hire purchase contracts and finance lease agreements of £20,464 (2024: £12,234). The hire purchase and finance lease agreement liabilities are secured over the assets acquired.

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

	2025	2024
	£	£
Bank loans and overdrafts	2,651	13,091
Other creditors	43,452	3,111
	--------	--------
	46,103	16,202
	--------	--------

Secured creditors include hire purchase contracts and finance lease agreements of £43,452 (2024: £3,111). The hire purchase and finance lease agreement liabilities are secured over the assets acquired.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

10. Other financial commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £122,908 (2024 - £450).

11. Related party transactions

The company entered into the following related party transactions during the year:

Nature of Relationship	Transaction Type	2025	2024
		£	£
Director	Balance due to/(from)	500	5,052

Director	Balance due to/(from)	1,500	316

Personal guarantees have been given by both directors in respect of the bank overdraft facility and Credit cards agreement.