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Registration number: 09689628

Sarana Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

image-name
 

Sarana Ltd

Contents

Company Information

1

Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Sarana Ltd

Company Information

Director

Dr Sabera Nazneen Rahman

Registered office

Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

Accountants

Integer
Chartered Accountants
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Sarana Ltd
for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sarana Ltd for the year ended 31 July 2023 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Sarana Ltd, as a body, in accordance with the terms of our engagement letter dated 16 September 2016. Our work has been undertaken solely to prepare for your approval the accounts of Sarana Ltd and state those matters that we have agreed to state to the Board of Directors of Sarana Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sarana Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Sarana Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sarana Ltd. You consider that Sarana Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Sarana Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Integer
Chartered Accountants
Unit 3, Upp Hall Farm
Salmons Lane
Colchester
Essex
CO6 1RY

3 April 2024

 

Sarana Ltd

(Registration number: 09689628)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

2,999

4,499

Current assets

 

Debtors

-

1,387

Cash at bank and in hand

 

72,784

82,508

 

72,784

83,895

Creditors: Amounts falling due within one year

(2,323)

(6,822)

Net current assets

 

70,461

77,073

Total assets less current liabilities

 

73,460

81,572

Accruals and deferred income

 

(1,000)

(1,000)

Net assets

 

72,460

80,572

Capital and reserves

 

Called up share capital

4

100

100

Retained earnings

72,360

80,472

Shareholders' funds

 

72,460

80,572

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 3 April 2024
 

.........................................
Dr Sabera Nazneen Rahman
Director

 

Sarana Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

Straight line, 3 years

Office equipment

Straight line, 3 years

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Sarana Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

3

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 August 2022

1,900

5,612

7,512

At 31 July 2023

1,900

5,612

7,512

Depreciation

At 1 August 2022

1,900

1,113

3,013

Charge for the year

-

1,500

1,500

At 31 July 2023

1,900

2,613

4,513

Carrying amount

At 31 July 2023

-

2,999

2,999

At 31 July 2022

-

4,499

4,499

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

5

Related party transactions

Transactions with the director

2023

At 1 August 2022
£

At 31 July 2023
£

Dr Sabera Nazneen Rahman

Directors Loan

2,323

2,323

     
   

 

 

Sarana Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

2022

At 1 August 2021
£

At 31 July 2022
£

Dr Sabera Nazneen Rahman

Directors Loan

2,323

2,323