Company Registration No. 08076134 (England and Wales)
SAP IT Solutions LTD
Unaudited accounts
for the year ended 31 May 2023
SAP IT Solutions LTD
Unaudited accounts
Contents
SAP IT Solutions LTD
Company Information
for the year ended 31 May 2023
Company Number
08076134 (England and Wales)
Registered Office
57 Boulevard
Preston
Lancashire
PR1 4PH
uk
SAP IT Solutions LTD
Statement of financial position
as at 31 May 2023
Tangible assets
4,287
4,708
Cash at bank and in hand
55,932
26,881
Creditors: amounts falling due within one year
(49,705)
(26,114)
Net current assets
6,227
767
Called up share capital
200
200
Profit and loss account
10,314
5,275
Shareholders' funds
10,514
5,475
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 13 February 2024 and were signed on its behalf by
Asif Patel
Director
Company Registration No. 08076134
SAP IT Solutions LTD
Notes to the Accounts
for the year ended 31 May 2023
SAP IT Solutions LTD is a private company, limited by shares, registered in England and Wales, registration number 08076134. The registered office is 57 Boulevard, Preston, Lancashire, PR1 4PH, uk.
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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.
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:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
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Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
5,697
10,165
15,862
At 31 May 2023
5,697
10,777
16,474
At 1 June 2022
5,084
6,070
11,154
Charge for the year
92
941
1,033
At 31 May 2023
5,176
7,011
12,187
At 31 May 2023
521
3,766
4,287
At 31 May 2022
613
4,095
4,708
SAP IT Solutions LTD
Notes to the Accounts
for the year ended 31 May 2023
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Creditors: amounts falling due within one year
2023
2022
Taxes and social security
5,798
4,014
Other creditors
3,214
2,263
Loans from directors
20,117
17,434
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Average number of employees
During the year the average number of employees was 1 (2022: 0).