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Company Registration No. 12390843 (England and Wales)
SARA JM LTD Unaudited accounts for the year ended 31 January 2023
SARA JM LTD Unaudited accounts Contents
Page
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SARA JM LTD Company Information for the year ended 31 January 2023
Director
Mr. Jaouad MSADAR
Company Number
12390843 (England and Wales)
Registered Office
49 Outwood Close Leicester LE3 6PF ENGLAND
Accountants
COUNTAX LTD Accountants & Business Advisers 28 Steins Lane Leicester LE5 1ED
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SARA JM LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,292 
234 
Current assets
Debtors
28,000 
15,400 
Cash at bank and in hand
16,641 
36,036 
44,641 
51,436 
Creditors: amounts falling due within one year
- 
(231)
Net current assets
44,641 
51,205 
Total assets less current liabilities
48,933 
51,439 
Creditors: amounts falling due after more than one year
(50,638)
(50,000)
Net (liabilities)/assets
(1,705)
1,439 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(1,805)
1,339 
Shareholders' funds
(1,705)
1,439 
For the year ending 31 January 2023 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 24 October 2023 and were signed on its behalf by
Mr. Jaouad MSADAR Director Company Registration No. 12390843
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SARA JM LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
SARA JM LTD is a private company, limited by shares, registered in England and Wales, registration number 12390843. The registered office is 49 Outwood Close, Leicester, LE3 6PF, ENGLAND.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
18%
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
- 
347 
347 
Additions
5,000 
- 
5,000 
At 31 January 2023
5,000 
347 
5,347 
Depreciation
At 1 February 2022
- 
113 
113 
Charge for the year
900 
42 
942 
At 31 January 2023
900 
155 
1,055 
Net book value
At 31 January 2023
4,100 
192 
4,292 
At 31 January 2022
- 
234 
234 
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SARA JM LTD Notes to the Accounts for the year ended 31 January 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,600 
- 
Other debtors
15,400 
15,400 
28,000 
15,400 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
231 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,638 
50,000 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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