2022-12-01 2023-11-30 false Capium Accounts Production 1.1 11534310 bus:FullAccounts 2022-12-01 2023-11-30 11534310 bus:FRS102 2022-12-01 2023-11-30 11534310 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 11534310 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 11534310 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 11534310 2022-12-01 2023-11-30 11534310 2023-11-30 11534310 bus:RegisteredOffice 2022-12-01 2023-11-30 11534310 core:WithinOneYear 2023-11-30 11534310 core:AfterOneYear 2023-11-30 11534310 bus:Director1 2022-12-01 2023-11-30 11534310 bus:Director1 2023-11-30 11534310 bus:Director1 2021-09-01 2022-11-30 11534310 2021-09-01 11534310 bus:LeadAgentIfApplicable 2022-12-01 2023-11-30 11534310 2021-09-01 2022-11-30 11534310 2022-11-30 11534310 core:WithinOneYear 2022-11-30 11534310 core:AfterOneYear 2022-11-30 11534310 bus:EntityAccountantsOrAuditors 2021-09-01 2022-11-30 11534310 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 11534310 bus:OrdinaryShareClass1 2023-11-30 11534310 bus:OrdinaryShareClass1 2021-09-01 2022-11-30 11534310 bus:OrdinaryShareClass1 2022-11-30 11534310 core:ComputerEquipment 2022-12-01 2023-11-30 11534310 core:ComputerEquipment 2023-11-30 11534310 core:ComputerEquipment 2022-11-30 11534310 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-11-30 11534310 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-11-30 11534310 core:NetGoodwill 2022-12-01 2023-11-30 11534310 core:NetGoodwill 2023-11-30 11534310 core:NetGoodwill 2022-11-30 11534310 core:CostValuation core:Non-currentFinancialInstruments 2023-11-30 11534310 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 11534310 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-11-30 11534310 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 11534310 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-11-30 11534310 core:Non-currentFinancialInstruments 2023-11-30 11534310 core:Non-currentFinancialInstruments 2022-11-30 11534310 core:ShareCapital 2023-11-30 11534310 core:ShareCapital 2022-11-30 11534310 core:RetainedEarningsAccumulatedLosses 2023-11-30 11534310 core:RetainedEarningsAccumulatedLosses 2022-11-30 11534310 dpl:Item1 2022-12-01 11534310 dpl:Item1 2023-11-30 11534310 dpl:Item1 2021-09-01 11534310 dpl:Item1 2022-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 11534310
England & Northern Ireland

 

 

 

SAI ACADEMY LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2023.
Principal activities
Principal activity of the company during the financial year was of Business and domestic software development, technical and vocational secondary education, other education not elsewhere classified & educational support services.
Director
The director who served the company throughout the year was as follows:
Sriram Angajala
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Sriram Angajala
Director

Date approved: 23 December 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 36,375   
Tangible fixed assets 4 3,317    1,017 
39,692    1,017 
Current assets      
Debtors 5 17,500    51 
Cash at bank and in hand 9,921    9,117 
27,421    9,168 
Creditors: amount falling due within one year 6 (39,306)   (16,461)
Net current assets (11,885)   (7,293)
 
Total assets less current liabilities 27,807    (6,276)
Net assets 27,807    (6,276)
 

Capital and reserves
     
Called up share capital 7 2    2 
Profit and loss account 27,805    (6,278)
Shareholders' funds 27,807    (6,276)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 23 December 2023 and were signed by:


-------------------------------
Sriram Angajala
Director
2
General Information
Sai Academy Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 11534310, registration address 3rd Floor , 16-20 Clements Road, Ilford London, England, IG1 1BA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Intangible assets (including Purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of a assets may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33.33% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 2).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 December 2022  
Additions 38,300    38,300 
Disposals  
At 30 November 2023 38,300    38,300 
Amortisation
At 01 December 2022  
Charge for year 1,925    1,925 
On disposals  
At 30 November 2023 1,925    1,925 
Net book values
At 30 November 2023 36,375    36,375 
At 30 November 2022  


4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 December 2022 1,600    1,600 
Additions 2,991    2,991 
Disposals  
At 30 November 2023 4,591    4,591 
Depreciation
At 01 December 2022 583    583 
Charge for year 691    691 
On disposals  
At 30 November 2023 1,274    1,274 
Net book values
Closing balance as at 30 November 2023 3,317    3,317 
Opening balance as at 01 December 2022 1,017    1,017 


5.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 1,000   
Corporation Tax   51 
1,000    51 

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Directors' Loan Accounts 16,500   
16,500   

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   450 
Corporation Tax 204   
PAYE & Social Security 13,218    585 
Other Creditors 2    1 
Wages & Salaries Control Account 10,381   
Directors' Current Accounts 7,954    498 
VAT 7,547    14,927 
39,306    16,461 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
 

8.

Share Capital

Authorised
2 Class A shares of £1.00 each
Allotted, called up and fully paid
2023
£
  2022
£
2 Class A shares of £1.00 each  
 

3