Acorah Software Products - Accounts Production 15.0.500 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 SC699942 Mr Jagan Gogineni Mrs Satya Tamalampudi Mrs Harini Vadlamudi Mr Srinivas Komaraneni iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC699942 2022-10-31 SC699942 2023-10-31 SC699942 2022-11-01 2023-10-31 SC699942 frs-core:NetGoodwill 2022-11-01 2023-10-31 SC699942 frs-core:PlantMachinery 2022-11-01 2023-10-31 SC699942 frs-core:ShareCapital 2023-10-31 SC699942 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 SC699942 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 SC699942 frs-bus:AbridgedAccounts 2022-11-01 2023-10-31 SC699942 frs-bus:SmallEntities 2022-11-01 2023-10-31 SC699942 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 SC699942 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 SC699942 frs-bus:Director1 2022-11-01 2023-10-31 SC699942 frs-bus:Director2 2022-11-01 2023-10-31 SC699942 frs-bus:Director3 2022-11-01 2023-10-31 SC699942 frs-bus:Director4 2022-11-01 2023-10-31 SC699942 frs-countries:Scotland 2022-11-01 2023-10-31 SC699942 2021-10-31 SC699942 2022-10-31 SC699942 2021-11-01 2022-10-31 SC699942 frs-core:ShareCapital 2022-10-31 SC699942 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31
Registered number: SC699942
Sai Jasp Foods Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 October 2023
Astute Accountants & Tax Consultants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: SC699942
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 179,364 179,364
Tangible Assets 5 72,286 76,818
251,650 256,182
CURRENT ASSETS
Stocks 16,725 15,380
Debtors 5,223 -
Cash at bank and in hand 1,071 3,653
23,019 19,033
Creditors: Amounts Falling Due Within One Year (287,301 ) (276,805 )
NET CURRENT ASSETS (LIABILITIES) (264,282 ) (257,772 )
TOTAL ASSETS LESS CURRENT LIABILITIES (12,632 ) (1,590 )
NET LIABILITIES (12,632 ) (1,590 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (12,732 ) (1,690 )
SHAREHOLDERS' FUNDS (12,632) (1,590)
Page 1
Page 2
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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 October 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jagan Gogineni
Director
25 July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sai Jasp Foods Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC699942 . The registered office is 1 Crieff Road, Perth, PH1 5AF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2022: 14)
14 14
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4. Intangible Assets
Total
£
Cost
As at 1 November 2022 179,364
As at 31 October 2023 179,364
Net Book Value
As at 31 October 2023 179,364
As at 1 November 2022 179,364
5. Tangible Assets
Total
£
Cost
As at 1 November 2022 83,498
Additions 3,500
As at 31 October 2023 86,998
Depreciation
As at 1 November 2022 6,680
Provided during the period 8,032
As at 31 October 2023 14,712
Net Book Value
As at 31 October 2023 72,286
As at 1 November 2022 76,818
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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