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REGISTERED NUMBER: 10886162 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2022

for

Sai Palm Leaf Limited

Sai Palm Leaf Limited (Registered number: 10886162)






Contents of the Financial Statements
for the Year Ended 31 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sai Palm Leaf Limited

Company Information
for the Year Ended 31 July 2022







DIRECTOR: Miss S S Ujjenwala





REGISTERED OFFICE: Unit 1 65 Downham Road
London
N1 5AH





REGISTERED NUMBER: 10886162 (England and Wales)





ACCOUNTANTS: Ortenz & Co Ltd
354 High Street North
London
E12 6PH

Sai Palm Leaf Limited (Registered number: 10886162)

Balance Sheet
31 July 2022

31.7.22 31.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 391 783

CURRENT ASSETS
Stocks 39,750 59,144
Debtors 5 13,876 22,253
Cash at bank and in hand 5,448 5,670
59,074 87,067
CREDITORS
Amounts falling due within one year 6 27,385 44,217
NET CURRENT ASSETS 31,689 42,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,080

43,633

CREDITORS
Amounts falling due after more than one
year

7

126,141

97,675
NET LIABILITIES (94,061 ) (54,042 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (94,062 ) (54,043 )
SHAREHOLDERS' FUNDS (94,061 ) (54,042 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Sai Palm Leaf Limited (Registered number: 10886162)

Balance Sheet - continued
31 July 2022


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 director and authorised for issue on 11 August 2022 and were signed by:





Miss S S Ujjenwala - Director


Sai Palm Leaf Limited (Registered number: 10886162)

Notes to the Financial Statements
for the Year Ended 31 July 2022

1. STATUTORY INFORMATION

Sai Palm Leaf 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.

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
Turnover represents net invoiced sales of goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 3 (2021 - 3 ) .

Sai Palm Leaf Limited (Registered number: 10886162)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2021
and 31 July 2022 1,957
DEPRECIATION
At 1 August 2021 1,174
Charge for year 392
At 31 July 2022 1,566
NET BOOK VALUE
At 31 July 2022 391
At 31 July 2021 783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Trade debtors 11,876 17,376
Other debtors 2,000 4,877
13,876 22,253

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.22 31.7.21
£    £   
Bank loans and overdrafts 7,588 7,561
Trade creditors 1,751 30,240
Taxation and social security 6,085 2,092
Other creditors 11,961 4,324
27,385 44,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.22 31.7.21
£    £   
Bank loans 46,505 46,719
Other creditors 79,636 50,956
126,141 97,675

Sai Palm Leaf Limited (Registered number: 10886162)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2022 and 31 July 2021:

31.7.22 31.7.21
£    £   
Miss S S Ujjenwala
Balance outstanding at start of year (50,956 ) (50,956 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,956 ) (50,956 )

9. RELATED PARTY DISCLOSURES

Miss S S Ujjenwala

At the end of the accounting period, director has advanced the unsecured loan which is subordinated in the favour of third party.


31.07.2022

Amount due to related party at the balance sheet date £50,956