Registered number
11237706
Savi Consultancy Ltd.
Unaudited Filleted Accounts
31 March 2023
Savi Consultancy Ltd.
Registered number: 11237706
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 34,734 43,255
Current assets
Debtors 4 76,140 41,305
Cash at bank and in hand 24,644 10,114
100,784 51,419
Creditors: amounts falling due within one year 5 (33,669) (14,104)
Net current assets 67,115 37,315
Total assets less current liabilities 101,849 80,570
Creditors: amounts falling due after more than one year 6 (31,459) (34,890)
Provisions for liabilities (6,600) (8,218)
Net assets 63,790 37,462
Capital and reserves
Called up share capital 2 2
Profit and loss account 63,788 37,460
Shareholder's funds 63,790 37,462
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Gosavi
Director
Approved by the board on 19 October 2023
Savi Consultancy Ltd.
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover is revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles 20% reducing balance
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 6,385 51,490 57,875
Additions 1,163 - 1,163
At 31 March 2023 7,548 51,490 59,038
Depreciation
At 1 April 2022 4,322 10,298 14,620
Charge for the year 1,446 8,238 9,684
At 31 March 2023 5,768 18,536 24,304
Net book value
At 31 March 2023 1,780 32,954 34,734
At 31 March 2022 2,063 41,192 43,255
4 Debtors 2023 2022
£ £
Trade debtors 3,490 8,550
Other debtors 72,650 32,755
76,140 41,305
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 3,431 2,700
Taxation and social security costs 18,329 1,640
Other creditors 11,909 9,764
33,669 14,104
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 31,459 34,890
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Director
Interest free and repayable on demand 32,086 64,164 (33,507) 62,743
32,086 64,164 (33,507) 62,743
8 Other information
Savi Consultancy Ltd. is a private company limited by shares and incorporated in England. Its registered office is:
93 Barton Road
Turnchapel
Plymouth
Devon
PL9 9RQ
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