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Company Registration No. 09742731 (England and Wales)
Satyam Infotech Limited Unaudited accounts for the year ended 31 August 2023
Satyam Infotech Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Satyam Infotech Limited Statement of financial position as at 31 August 2023
2023
2022
Notes
£
£
Fixed assets
Tangible assets
4
915
(3)
Investments
5
15,000
15,000
15,915
14,997
Current assets
Debtors
6
11,474
-
Cash at bank and in hand
5,273
202
16,747
202
Creditors: amounts falling due within one year
7
(3,793)
(1,780)
Net current assets/(liabilities)
12,954
(1,578)
Total assets less current liabilities
28,869
13,419
Creditors: amounts falling due after more than one year
8
(22,618)
(30,467)
Net assets/(liabilities)
6,251
(17,048)
Capital and reserves
Called up share capital
10
10
Profit and loss account
6,241
(17,058)
Shareholders' funds
6,251
(17,048)
For the year ending 31 August 2023 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 director acknowledges his 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 and authorised for issue on 3 October 2023 and were signed on its behalf by
Mr Satish Varma Kakarlapudi Director Company Registration No. 09742731
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Satyam Infotech Limited Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
Satyam Infotech Limited is a private company, limited by shares, registered in England and Wales, registration number 09742731. The registered office is 4 Packham Mews, Pears Road, Hounslow, TW3 1AQ, England.
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.
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:
Fixtures & fittings
Depreciation 25%
Computer equipment
Depreciation 25%
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 September 2022
1,868
Additions
1,224
At 31 August 2023
3,092
Depreciation
At 1 September 2022
1,871
Charge for the year
306
At 31 August 2023
2,177
Net book value
At 31 August 2023
915
At 31 August 2022
(3)
5
Investments
Other investments
£
Valuation at 1 September 2022
15,000
Valuation at 31 August 2023
15,000
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Satyam Infotech Limited Notes to the Accounts for the year ended 31 August 2023
6
Debtors
2023
2022
£
£
Amounts falling due within one year
Other debtors
11,474
-
7
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
-
84
Taxes and social security
3,793
32
Other creditors
-
1,664
3,793
1,780
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
22,618
30,467
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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