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REGISTERED NUMBER: 09280124 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Susash Gb Ltd

Susash Gb Ltd (Registered number: 09280124)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Susash Gb Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: T Shankar
S Sathiyavadivelu
C Surabaskaran





REGISTERED OFFICE: 24
Baron Grove
Mitcham
Surrey
CR4 4EH





REGISTERED NUMBER: 09280124 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

Susash Gb Ltd (Registered number: 09280124)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 778,040 773,604

CURRENT ASSETS
Debtors 5 290,000 383,805
Cash at bank and in hand 127,189 102,100
417,189 485,905
CREDITORS
Amounts falling due within one year 6 (447,454 ) (491,799 )
NET CURRENT LIABILITIES (30,265 ) (5,894 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,775

767,710

CREDITORS
Amounts falling due after more than one year 7 (291,487 ) (318,025 )
NET ASSETS 456,288 449,685

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 456,285 449,682
SHAREHOLDERS' FUNDS 456,288 449,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Susash Gb Ltd (Registered number: 09280124)

Statement of Financial Position - continued
31 March 2023


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 Board of Directors and authorised for issue on 20 July 2023 and were signed on its behalf by:





T Shankar - Director


Susash Gb Ltd (Registered number: 09280124)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Susash Gb Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Susash Gb Ltd (Registered number: 09280124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022 730,217 34,087 48,450 812,754
Additions - 8,278 10,035 18,313
Reclassification/transfer - (1,921 ) - (1,921 )
At 31 March 2023 730,217 40,444 58,485 829,146
DEPRECIATION
At 1 April 2022 - 14,546 24,604 39,150
Charge for year - 5,564 6,392 11,956
At 31 March 2023 - 20,110 30,996 51,106
NET BOOK VALUE
At 31 March 2023 730,217 20,334 27,489 778,040
At 31 March 2022 730,217 19,541 23,846 773,604

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 290,000 383,805

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts (see note 8) 160,000 200,000
Wages and Salaries Control 73,577 77,038
Tax 69,916 67,123
Social security and other taxes 17,696 20,053
Pension Creditors 4,065 4,615
Other creditors 111,000 111,000
Accrued expenses 11,200 11,970
447,454 491,799

Susash Gb Ltd (Registered number: 09280124)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) 291,487 318,025

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due within one year or on demand:
CBIL Loan 160,000 200,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 291,487 318,025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
3 Ordinary Share £1 3 3

10. RESERVES
Retained
earnings
£   

At 1 April 2022 449,682
Profit for the year 306,603
Dividends (300,000 )
At 31 March 2023 456,285