Registered number
08560354
SAGA Technologies Limited
Filleted Accounts
30 June 2023
SAGA Technologies Limited
Registered number: 08560354
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 51,010 13,823
Cash at bank and in hand 20,462 56,765
71,472 70,588
Creditors: amounts falling due within one year 4 (32,465) (26,305)
Net current assets 39,007 44,283
Total assets less current liabilities 39,007 44,283
Creditors: amounts falling due after more than one year 5 (38,442) (43,935)
Net assets 565 348
Capital and reserves
Called up share capital 2 2
Profit and loss account 563 346
Shareholders' funds 565 348
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shashi Kumar Mulugu
Director
Approved by the board on 31 March 2024
SAGA Technologies Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover includes revenue earned from the rendering of IT Consultancy services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2023 2022
£ £
Trade debtors 39,260 2,073
Loans & advances 11,750 11,750
51,010 13,823
4 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 30,379 14,558
Other taxes and social security costs 2,086 11,747
32,465 26,305
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 38,442 43,935
6 Other information
SAGA Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
207 Regent Street
London
W1B 3HH
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