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REGISTERED NUMBER: 08681108 (England and Wales)



Financial Statements for the Year Ended 31 March 2023

for

Susash London Limited

Susash London Limited (Registered number: 08681108)

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 London Limited

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: 08681108 (England and Wales)





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

Susash London Limited (Registered number: 08681108)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,704 25,476

CURRENT ASSETS
Debtors 5 106,000 402,100
Cash at bank 48,567 15,854
154,567 417,954
CREDITORS
Amounts falling due within one year 6 (33,624 ) (34,319 )
NET CURRENT ASSETS 120,943 383,635
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,647

409,111

CREDITORS
Amounts falling due after more than one
year

7

-

(201,429

)
NET ASSETS 143,647 207,682

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 143,644 207,679
SHAREHOLDERS' FUNDS 143,647 207,682

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 London Limited (Registered number: 08681108)

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 27 July 2023 and were signed on its behalf by:





T Shankar - Director


Susash London Limited (Registered number: 08681108)

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


1. STATUTORY INFORMATION

Susash London 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 22 ).

Susash London Limited (Registered number: 08681108)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 25,142 76,302 101,444
Additions 2,985 1,811 4,796
At 31 March 2023 28,127 78,113 106,240
DEPRECIATION
At 1 April 2022 17,451 58,517 75,968
Charge for year 2,669 4,899 7,568
At 31 March 2023 20,120 63,416 83,536
NET BOOK VALUE
At 31 March 2023 8,007 14,697 22,704
At 31 March 2022 7,691 17,785 25,476

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings 106,000 400,000
Other debtors - 2,100
106,000 402,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 19,873 21,861
Social security and other taxes 8,846 10,536
Pension 1,655 1,672
Accrued expenses 3,250 250
33,624 34,319

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans (see note 8) - 201,429

Susash London Limited (Registered number: 08681108)

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


8. LOANS

An analysis of the maturity of loans is given below:

31.3.23 31.3.22
£    £   
Amounts falling due between two and five years:
CBIL Loan - 201,429

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 207,679
Profit for the year 85,965
Dividends (150,000 )
At 31 March 2023 143,644