IRIS Accounts Production v23.2.0.158 08029522 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure080295222022-03-31080295222023-03-31080295222022-04-012023-03-31080295222021-03-31080295222021-04-012022-03-31080295222022-03-3108029522ns16:EnglandWales2022-04-012023-03-3108029522ns15:PoundSterling2022-04-012023-03-3108029522ns11:Director12022-04-012023-03-3108029522ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3108029522ns11:SmallEntities2022-04-012023-03-3108029522ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3108029522ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108029522ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108029522ns11:FullAccounts2022-04-012023-03-3108029522ns11:OrdinaryShareClass12022-04-012023-03-3108029522ns11:Director22022-04-012023-03-3108029522ns11:Director32022-04-012023-03-3108029522ns11:RegisteredOffice2022-04-012023-03-3108029522ns6:CurrentFinancialInstruments2023-03-3108029522ns6:CurrentFinancialInstruments2022-03-3108029522ns6:Non-currentFinancialInstruments2023-03-3108029522ns6:Non-currentFinancialInstruments2022-03-3108029522ns6:ShareCapital2023-03-3108029522ns6:ShareCapital2022-03-3108029522ns6:RetainedEarningsAccumulatedLosses2023-03-3108029522ns6:RetainedEarningsAccumulatedLosses2022-03-3108029522ns6:PlantMachinery2022-04-012023-03-3108029522ns6:FurnitureFittings2022-04-012023-03-3108029522ns6:PlantMachinery2022-03-3108029522ns6:FurnitureFittings2022-03-3108029522ns6:PlantMachinery2023-03-3108029522ns6:FurnitureFittings2023-03-3108029522ns6:PlantMachinery2022-03-3108029522ns6:FurnitureFittings2022-03-3108029522ns11:OrdinaryShareClass12023-03-3108029522ns6:RetainedEarningsAccumulatedLosses2022-03-3108029522ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 08029522 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Susash UK Ltd

Susash UK Ltd (Registered number: 08029522)

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 UK Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr T Shankar
Mr S Sathiyavadivelu
Mr C Surabaskaran





REGISTERED OFFICE: 24 Baron Grove
Mitcham
Surrey
CR4 4EH





REGISTERED NUMBER: 08029522 (England and Wales)





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

Susash UK Ltd (Registered number: 08029522)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 61,702 61,648

CURRENT ASSETS
Debtors 5 836,518 1,061,729
Cash at bank and in hand 97,710 54,039
934,228 1,115,768
CREDITORS
Amounts falling due within one year 6 (93,416 ) (66,464 )
NET CURRENT ASSETS 840,812 1,049,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,514

1,110,952

CREDITORS
Amounts falling due after more than one year 7 (574 ) (245,647 )
NET ASSETS 901,940 865,305

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 901,937 865,302
SHAREHOLDERS' FUNDS 901,940 865,305

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 UK Ltd (Registered number: 08029522)

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 19 July 2023 and were signed on its behalf by:





Mr T Shankar - Director


Susash UK Ltd (Registered number: 08029522)

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


1. STATUTORY INFORMATION

Susash UK 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 UK Ltd (Registered number: 08029522)

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 45 (2022 - 52 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 63,747 118,291 182,038
Additions 11,241 4,239 15,480
At 31 March 2023 74,988 122,530 197,518
DEPRECIATION
At 1 April 2022 40,064 80,326 120,390
Charge for year 6,985 8,441 15,426
At 31 March 2023 47,049 88,767 135,816
NET BOOK VALUE
At 31 March 2023 27,939 33,763 61,702
At 31 March 2022 23,683 37,965 61,648

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors - 679

Amounts falling due after more than one year:
Amounts owed by group undertakings 835,000 1,060,000
Other debtors 1,518 1,050
836,518 1,061,050

Aggregate amounts 836,518 1,061,729

Susash UK Ltd (Registered number: 08029522)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 66,879 43,159
Social security and other taxes 14,493 15,434
Pension 2,944 2,971
Accrued expenses 9,100 4,900
93,416 66,464

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Debentures (see note 8) 574 2
CBIL Loan - 245,645
574 245,647

8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between one and two years:
Company Credit Card 574 2

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 April 2022 865,302
Profit for the year 286,635
Dividends (250,000 )
At 31 March 2023 901,937