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REGISTERED NUMBER: 10289714 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st July 2023

for

Sas Gi Services Limited

Sas Gi Services Limited (Registered number: 10289714)






Contents of the Financial Statements
for the Year Ended 31st July 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Sas Gi Services Limited (Registered number: 10289714)

Balance Sheet
31st July 2023

31.7.23 31.7.22
Notes £    £   
CURRENT ASSETS
Debtors 5 1,905 3,183
Investments 6 185,000 75,000
Prepayments and accrued income 80,050 -
Cash at bank 121,447 256,334
388,402 334,517
CREDITORS
Amounts falling due within one year 7 15,923 18,893
NET CURRENT ASSETS 372,479 315,624
TOTAL ASSETS LESS CURRENT
LIABILITIES

372,479

315,624

CAPITAL AND RESERVES
Called up share capital 8 101 101
Retained earnings 372,378 315,523
SHAREHOLDERS' FUNDS 372,479 315,624

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

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

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16th April 2024 and were signed by:





Dr. S Al-Shamma - Director


Sas Gi Services Limited (Registered number: 10289714)

Notes to the Financial Statements
for the Year Ended 31st July 2023

1. COMPANY INFORMATION

Sas Gi Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10289714

Registered office: First Floor
49 Peter Street
Manchester
M2 3NG

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets
Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

Fixtures and Fittings - 25% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Sas Gi Services Limited (Registered number: 10289714)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st August 2022
and 31st July 2023 235
DEPRECIATION
At 1st August 2022
and 31st July 2023 235
NET BOOK VALUE
At 31st July 2023 -
At 31st July 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 1,905 3,183

6. CURRENT ASSET INVESTMENTS
31.7.23 31.7.22
£    £   
Hampshire Bond - 15,000
United Savings Bond 30,000 30,000
Investment Bond 155,000 30,000
185,000 75,000

Current Asset Investments represents several investments in a Business 1 year bond with the following companies:

Shawbrook bank with interest of 0.9% interest per annum
Hampshire bank with interest of 1.21% interest per annum
United Trust bank with interest of 1.15% interest per annum

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax 14,533 16,601
Directors' current accounts 522 1,063
Accrued expenses 868 1,229
15,923 18,893

Sas Gi Services Limited (Registered number: 10289714)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
101 101

The A Shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The B Shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The A and B Shares rank pari passu in respect of dividend and capital distribution rights.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st July 2023 and 31st July 2022:

31.7.23 31.7.22
£    £   
Dr. S Al-Shamma
Balance outstanding at start of year (1,063 ) (1,224 )
Amounts advanced 1,063 5,244
Amounts repaid (522 ) (5,083 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (522 ) (1,063 )

The loan is repayable on demand and no interest was charged during the year.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr Al-Shamma by virtue of holding 100% of the voting share capital.