Registered number
06653978
Sapp (UK) Team Ltd
Filleted Accounts
31 July 2023
Sapp (UK) Team Ltd
Registered number: 06653978
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 60,416 5,822
Current assets
Debtors 4 141,601 88,140
Cash at bank and in hand 17,169 81,396
158,770 169,536
Creditors: amounts falling due within one year 5 (60,951) (32,586)
Net current assets 97,819 136,950
Total assets less current liabilities 158,235 142,772
Creditors: amounts falling due after more than one year 6 (25,000) (35,000)
Provisions for liabilities (11,443) (1,106)
Net assets 121,792 106,666
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 120,792 105,666
Shareholders' funds 121,792 106,666
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.
Magdalena Wlodarczyk-Sroka
Director
Approved by the board on 12 March 2024
Sapp (UK) Team Ltd
Notes to the Accounts
for the year ended 31 July 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term of 10 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pension plans are expensed in the period in which they are paid.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 7
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 - 45,265 45,265
Additions 57,980 1,220 59,200
At 31 July 2023 57,980 46,485 104,465
Depreciation
At 1 August 2022 - 39,443 39,443
Charge for the year 2,015 2,591 4,606
At 31 July 2023 2,015 42,034 44,049
Net book value
At 31 July 2023 55,965 4,451 60,416
At 31 July 2022 - 5,822 5,822
4 Debtors 2023 2022
£ £
Trade debtors 2,850 1,140
Amounts owed by group undertakings and undertakings in which the company has a participating interest 128,774 80,000
Other debtors, excess recoverable VAT 9,977 7,000
141,601 88,140
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,646 10,271
Trade creditors 41,828 6,232
Taxation and social security costs 7,396 15,297
Other creditors 1,081 786
60,951 32,586
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 25,000 35,000
7 Other information
Sapp (UK) Team Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Eatons Mead
London
E4 8AN
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