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COMPANY REGISTRATION NUMBER: 14062371
SAUSOME CREATIONS LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDING
30 April 2023
SAUSOME CREATIONS LTD
STATEMENT OF FINANCIAL POSITION
30 April 2023
30 Apr 23
Note
£
£
FIXED ASSETS
Tangible assets
4
1,600
CURRENT ASSETS
Stocks
400
Cash at bank and in hand
600
-------
1,000
CREDITORS: amounts falling due within one year
5
( 1,993)
-------
NET CURRENT LIABILITIES
( 993)
-------
TOTAL ASSETS LESS CURRENT LIABILITIES
607
----
NET ASSETS
607
----
CAPITAL AND RESERVES
Called up share capital
100
Profit and loss account
507
----
SHAREHOLDERS FUNDS
607
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SAUSOME CREATIONS LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 22 January 2024 , and are signed on behalf of the board by:
R Weeraratne
Director
Company registration number: 14062371
SAUSOME CREATIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 22 APRIL 2022 TO 30 APRIL 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20 - 22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently state at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. TANGIBLE ASSETS
Plant and machinery
Equipment
Total
£
£
£
Cost
At 22 April 2022
Additions
1,000
1,000
2,000
-------
-------
-------
At 30 April 2023
1,000
1,000
2,000
-------
-------
-------
Depreciation
At 22 April 2022
Charge for the period
200
200
400
-------
-------
-------
At 30 April 2023
200
200
400
-------
-------
-------
Carrying amount
At 30 April 2023
800
800
1,600
-------
-------
-------
5. CREDITORS: amounts falling due within one year
30 Apr 23
£
Other creditors
1,993
-------