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REGISTERED NUMBER: 04032950 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SATELLES LTD

SATELLES LTD (REGISTERED NUMBER: 04032950)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SATELLES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: I W Harbottle
W J Harbottle
Mrs M Harbottle





SECRETARY: Cassidys Secretarial Services Limited





REGISTERED OFFICE: South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS





REGISTERED NUMBER: 04032950 (England and Wales)





ACCOUNTANTS: Cassidys Chartered Accountants
South Stour Offices
Roman Road
Mersham
Ashford
Kent
TN25 7HS

SATELLES LTD (REGISTERED NUMBER: 04032950)

BALANCE SHEET
31 JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 198 427
198 427

CURRENT ASSETS
Debtors 6 81 81
Cash at bank 14 26
95 107
CREDITORS
Amounts falling due within one year 7 27,284 26,502
NET CURRENT LIABILITIES (27,189 ) (26,395 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,991

)

(25,968

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (27,091 ) (26,068 )
SHAREHOLDERS' FUNDS (26,991 ) (25,968 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SATELLES LTD (REGISTERED NUMBER: 04032950)

BALANCE SHEET - continued
31 JULY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 March 2024 and were signed on its behalf by:





I W Harbottle - Director


SATELLES LTD (REGISTERED NUMBER: 04032950)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Satelles Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern
During the year the company incurred a loss of £1,023 (2022 - £725) and as at the balance sheet date had net liabilities of £26,991 (2022 - £25,968). These financial statements have been prepared on a going concern basis which assumes continuing support from the company's creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

SATELLES LTD (REGISTERED NUMBER: 04032950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 13,000
AMORTISATION
At 1 August 2022
and 31 July 2023 13,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 August 2022
and 31 July 2023 9,901
DEPRECIATION
At 1 August 2022 9,474
Charge for year 229
At 31 July 2023 9,703
NET BOOK VALUE
At 31 July 2023 198
At 31 July 2022 427

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 81 81

SATELLES LTD (REGISTERED NUMBER: 04032950)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 108 -
Other creditors 27,176 26,502
27,284 26,502

8. RELATED PARTY DISCLOSURES

Mr I W Harbottle - Director and Shareholder

At the balance sheet date Satelles Ltd owed Mr Harbottle £26,723 (2022 £26,158).

9. ULTIMATE CONTROLLING PARTY

The controlling party is I W Harbottle.