Company Registration No. SC710824 (Scotland)
SAYEEN G LIMITED
Unaudited accounts
for the period from 29 September 2021 to 30 September 2022
SAYEEN G LIMITED
Statement of financial position
as at 30 September 2022
Cash at bank and in hand
958
Creditors: amounts falling due within one year
(5,128)
Called up share capital
100
Profit and loss account
549
For the period ending 30 September 2022 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 30 September 2023 and were signed on its behalf by
Mubashir Abbasi
Director
Company Registration No. SC710824
SAYEEN G LIMITED
Notes to the Accounts
for the period from 29 September 2021 to 30 September 2022
SAYEEN G LIMITED is a private company, limited by shares, registered in Scotland, registration number SC710824. The registered office is 25B, Salton Crescent, Dundee, Scotland, DD4 0HY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The company has elected to apply the provisions of section 11 ' Basic Financial Instruments' and section 12 'Other Financial Instruments issues' of FRS 102 to all of its financial instruments.
Basic financial assets, which includes debtors, cash and bank balances, are initially measured a transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consists a financing transaction, where the transaction is measured at the present valve of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2022
Taxes and social security
128
Loans from directors
5,000
SAYEEN G LIMITED
Notes to the Accounts
for the period from 29 September 2021 to 30 September 2022
6
Average number of employees
During the period the average number of employees was 1.