SAIGOL GROUP LTD Filleted Accounts Cover
SAIGOL GROUP LTD
Company No. 14228910
Information for Filing with The Registrar
31 July 2024
SAIGOL GROUP LTD Balance Sheet Registrar
at
31 July 2024
Company No.
14228910
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
333333
Tangible assets
5
125-
458333
Current assets
Debtors
6
5002,000
Cash at bank and in hand
1,340135
1,8402,135
Creditors: Amount falling due within one year
7
(26,484)
(16,616)
Net current liabilities
(24,644)
(14,481)
Total assets less current liabilities
(24,186)
(14,148)
Net liabilities
(24,186)
(14,148)
Capital and reserves
Called up share capital
100100
Profit and loss account
9
(24,286)
(14,248)
Total equity
(24,186)
(14,148)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 July 2024 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 July 2024 and signed on its behalf by:
Kiran Shakil Ahmed
Director
31 July 2024
SAIGOL GROUP LTD Notes to the Accounts Registrar
for the year ended 31 July 2024
1
General information
SAIGOL GROUP LTD is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 14228910
Its registered office is:
135 Malthouse Drive
Grays
England
RM17 5FG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation
and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to
determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Office Equipment 25% Straight line
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Currency
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
11
4
Intangible fixed assets
Patents and trade-marks
Total
£
£
Cost
At 1 August 2023
333333
At 31 July 2024
333333
Amortisation and impairment
Net book values
At 31 July 2024
333333
At 31 July 2023
333333
5
Tangible fixed assets
Fixtures, fittings and equipment
Total
£
£
Cost or revaluation
Additions
167167
At 31 July 2024
167167
Depreciation
Charge for the year
4242
At 31 July 2024
4242
Net book values
At 31 July 2024
125125
6
Debtors
2024
2023
£
£
Trade debtors
5002,000
5002,000
7
Creditors:
amounts falling due within one year
2024
2023
£
£
Other loans
1,100-
Trade creditors
5,391801
Taxes and social security
1,104
962
Other creditors
18,88910,320
Accruals and deferred income
-4,533
26,48416,616
8
Share Capital
100 ordinary shares of £1 allocated to Directors/Shareholders
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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