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Company Registration No. 08242848 (England and Wales)
Sapanta Ltd Unaudited accounts for the year ended 31 October 2023
Sapanta Ltd Unaudited accounts Contents
Page
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Sapanta Ltd Company Information for the year ended 31 October 2023
Director
Grigore Pop
Company Number
08242848 (England and Wales)
Registered Office
300 Ashcroft Road Luton LU2 9AE United Kingdom
Accountants
Ratnam Accountants 203 Kilburn High Road London NW6 7HY
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Sapanta Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,011 
6,682 
Current assets
Debtors
358,282 
421,427 
Cash at bank and in hand
5,415 
(1,293)
363,697 
420,134 
Creditors: amounts falling due within one year
(286,454)
(269,299)
Net current assets
77,243 
150,835 
Total assets less current liabilities
82,254 
157,517 
Creditors: amounts falling due after more than one year
(16,666)
(25,833)
Net assets
65,588 
131,684 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
65,587 
131,683 
Shareholders' funds
65,588 
131,684 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2024 and were signed on its behalf by
Grigore Pop Director Company Registration No. 08242848
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Sapanta Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Sapanta Ltd is a private company, limited by shares, registered in England and Wales, registration number 08242848. The registered office is 300 Ashcroft Road, Luton, LU2 9AE, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2022
4,500 
12,500 
829 
2,582 
20,411 
At 31 October 2023
4,500 
12,500 
829 
2,582 
20,411 
Depreciation
At 1 November 2022
4,500 
7,227 
310 
1,692 
13,729 
Charge for the year
- 
1,318 
130 
223 
1,671 
At 31 October 2023
4,500 
8,545 
440 
1,915 
15,400 
Net book value
At 31 October 2023
- 
3,955 
389 
667 
5,011 
At 31 October 2022
- 
5,273 
519 
890 
6,682 
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Sapanta Ltd Notes to the Accounts for the year ended 31 October 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
332,278 
Other debtors
358,282 
89,149 
358,282 
421,427 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
237,485 
210,126 
Trade creditors
35,674 
73,625 
Taxes and social security
(28,014)
(36,223)
Loans from directors
31,309 
11,129 
Accruals
- 
642 
286,454 
269,299 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
16,666 
25,833 
8
Transactions with related parties
The total loan made advanced to Mr. Grigore Pop, the director of the company as of the yearend date amounts to £151,500. This loan is repayable on demand and subject to interest at 3% per annum. The loan remains outstanding as of the balance sheet date.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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