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Company Registration No. 11360986 (England and Wales)
North Sakara Limited Unaudited accounts for the year ended 31 May 2023
North Sakara Limited Unaudited accounts Contents
Page
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North Sakara Limited Company Information for the year ended 31 May 2023
Director
JD S Hamidu
Company Number
11360986 (England and Wales)
Registered Office
49 Thackeray Drive Northfleet Gravesend DA11 8FS
Accountants
King & Taylor 123 Cross Lane East Gravesend Kent DA12 5HA
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North Sakara Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,298 
1,770 
Current assets
Debtors
88,417 
81,754 
Cash at bank and in hand
2,347 
10,984 
90,764 
92,738 
Creditors: amounts falling due within one year
(70,936)
(73,461)
Net current assets
19,828 
19,277 
Total assets less current liabilities
21,126 
21,047 
Creditors: amounts falling due after more than one year
(17,151)
(19,376)
Net assets
3,975 
1,671 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
3,974 
1,670 
Shareholders' funds
3,975 
1,671 
For the year ending 31 May 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 23 November 2023 and were signed on its behalf by
JD S Hamidu Director Company Registration No. 11360986
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North Sakara Limited Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
North Sakara Limited is a private company, limited by shares, registered in England and Wales, registration number 11360986. The registered office is 49 Thackeray Drive, Northfleet, Gravesend, DA11 8FS.
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.
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:
Fixtures & fittings
Straight line over 5 years
Computer equipment
Straight line over 5 years
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.
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
1,592 
770 
2,362 
At 31 May 2023
1,592 
770 
2,362 
Depreciation
At 1 June 2022
374 
218 
592 
Charge for the year
318 
154 
472 
At 31 May 2023
692 
372 
1,064 
Net book value
At 31 May 2023
900 
398 
1,298 
At 31 May 2022
1,218 
552 
1,770 
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North Sakara Limited Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,800 
11,400 
Other debtors
77,617 
70,354 
88,417 
81,754 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,112 
559 
VAT
33,917 
29,603 
Taxes and social security
35,005 
42,219 
Accruals
902 
1,080 
70,936 
73,461 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
17,151 
19,376 
Aggregate of amounts that fall due for payment after five years
8,232 
- 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
JD S Hamidu
Director
70,354 
82,263 
75,000 
77,617 
70,354 
82,263 
75,000 
77,617 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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