Registered number
SC545888
SANYA CHAITAN LTD
Filleted Accounts
31 March 2024
SANYA CHAITAN LTD
Registered number: SC545888
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 141,391 69,582
Current assets
Stocks 29,299 33,795
Debtors 4 738 -
Cash at bank and in hand 11,778 78,617
41,815 112,412
Creditors: amounts falling due within one year 5 (46,687) (92,247)
Net current (liabilities)/assets (4,872) 20,165
Total assets less current liabilities 136,519 89,747
Creditors: amounts falling due after more than one year 6 (22,129) (32,710)
Net assets 114,390 57,037
Capital and reserves
Called up share capital 100 100
Profit and loss account 114,290 56,937
Shareholder's funds 114,390 57,037
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Chander Shekhar
Director
Approved by the board on 6 July 2024
SANYA CHAITAN LTD
Notes to the Accounts
for the year ended 31 March 2024
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. Turnover includes revenue earned from the sale of goods . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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:
Freehold buildings over 50 years
Fixtures, fittings, tools and equipment 10% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Tangible fixed assets
Land and buildings Fixture & fittings Total
£ £ £
Cost
At 1 April 2023 58,120 17,000 75,120
Additions 72,955 - 72,955
At 31 March 2024 131,075 17,000 148,075
Depreciation
At 1 April 2023 - 5,538 5,538
Charge for the year - 1,146 1,146
At 31 March 2024 - 6,684 6,684
Net book value
At 31 March 2024 131,075 10,316 141,391
At 31 March 2023 58,120 11,462 69,582
4 Debtors 2024 2023
£ £
Trade debtors 738 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26,065 80,632
Taxation and social security costs 20,622 11,615
46,687 92,247
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 21,667 31,667
Directors loan account 462 1,043
22,129 32,710
7 Other information
SANYA CHAITAN LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
804 Springfield Road
Glasgow
G31 4HL
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