Company Registration No. 10633738 (England and Wales)
SAGR Ltd
Filleted accounts
for the year ended 28 February 2023
SAGR Ltd
Filleted accounts
Contents
SAGR Ltd
Company Information
for the year ended 28 February 2023
Directors
Ganesh Kunjithapatham
Radhika Ganesh
Company Number
10633738 (England and Wales)
Registered Office
15 Paddock Way
Great Glen
Leicester
LE8 9HL
Accountants
YP Finance
Hawthorne House
17A Hawthorne Drive
Leicester
Leicestershire
LE5 6DL
SAGR Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
2,506
5,014
Cash at bank and in hand
11,199
48,481
Creditors: amounts falling due within one year
(4,450)
(2,947)
Net current assets
106,749
45,534
Total assets less current liabilities
109,392
50,560
Creditors: amounts falling due after more than one year
(84,294)
(39,666)
Called up share capital
10
10
Profit and loss account
25,088
10,884
Shareholders' funds
25,098
10,894
For the year ending 28 February 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 directors acknowledge their 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 of Directors and authorised for issue on 30 November 2023 and were signed on its behalf by
Ganesh Kunjithapatham
Director
Company Registration No. 10633738
SAGR Ltd
Notes to the Accounts
for the year ended 28 February 2023
SAGR Ltd is a private company, limited by shares, registered in England and Wales, registration number 10633738. The registered office is 15 Paddock Way, Great Glen, Leicester, LE8 9HL.
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 remained unchanged from the previous year, and also 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.
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:
Fixtures & fittings
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investments in shares are included at fair value.
SAGR Ltd
Notes to the Accounts
for the year ended 28 February 2023
4
Tangible fixed assets
Fixtures & fittings
At 28 February 2023
12,538
At 28 February 2023
10,032
5
Investments
Other investments
Valuation at 1 March 2022
12
Valuation at 28 February 2023
137
Amounts falling due after more than one year
Amounts due from group undertakings etc.
100,000
-
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
3,690
1,595
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
84,294
39,666
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
SAGR Ltd
Notes to the Accounts
for the year ended 28 February 2023
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).