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Company Registration No. 10747912 (England and Wales)
Sash Private Ltd Unaudited accounts for the year ended 31 May 2023
Sash Private Ltd Unaudited accounts Contents
Page
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Sash Private Ltd Company Information for the year ended 31 May 2023
Director
Mr Syed Shafaat Ali Shah
Company Number
10747912 (England and Wales)
Registered Office
7a Union Street Bacup England OL13 0AA
Accountants
Accountancy Managers Limited 164 New Cavendish Street London W1W 6YT
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Sash Private Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
295 
3,765 
Current assets
Inventories
350 
500 
Debtors
500 
584 
Cash at bank and in hand
6,014 
8,235 
6,864 
9,319 
Creditors: amounts falling due within one year
(934)
(900)
Net current assets
5,930 
8,419 
Total assets less current liabilities
6,225 
12,184 
Creditors: amounts falling due after more than one year
(118,042)
(130,357)
Net liabilities
(111,817)
(118,173)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(111,917)
(118,273)
Shareholders' funds
(111,817)
(118,173)
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 16 February 2024 and were signed on its behalf by
Mr Syed Shafaat Ali Shah Director Company Registration No. 10747912
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Sash Private Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Sash Private Ltd is a private company, limited by shares, registered in England and Wales, registration number 10747912. The registered office is 7a Union Street, Bacup, England, OL13 0AA.
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.
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
25% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Sash Private Ltd Notes to the Accounts for the year ended 31 May 2023
Going concern
These financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent upon the continued support from its shareholder and other creditors. If the company were unable to trade, adjustments would have to be made to reduce the value of the assets to their recoverable amounts and to provide further liabilities that might arise. The director believes that with support from the shareholders and creditors continued funding will be provided to support the company whilst it moves towards profitability and to enable it to meet its day-to-day commitments from cashflows. As a consequence, the director believes that the company is well placed to manage its business risks successfully. As such, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2022
30,378 
At 31 May 2023
30,378 
Depreciation
At 1 June 2022
26,613 
Charge for the year
3,470 
At 31 May 2023
30,083 
Net book value
At 31 May 2023
295 
At 31 May 2022
3,765 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
84 
Other debtors
500 
500 
500 
584 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
700 
699 
Trade creditors
234 
159 
Taxes and social security
- 
42 
934 
900 
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Sash Private Ltd Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
1,633 
2,333 
Other creditors
116,409 
128,024 
118,042 
130,357 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included in other creditors falling due more than a year is the sum of £116,409 (2022: £128,024) owed to Mr Syed Shafaat Ali Shah, a sole director and 100% shareholder of the company.
10
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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