Acorah Software Products - Accounts Production 15.0.600 false true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 08282666 Mr Bhargav Shah iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08282666 2022-11-30 08282666 2023-11-30 08282666 2022-12-01 2023-11-30 08282666 frs-core:Non-currentFinancialInstruments 2023-11-30 08282666 frs-core:FurnitureFittings 2022-12-01 2023-11-30 08282666 frs-core:MotorVehicles 2022-12-01 2023-11-30 08282666 frs-core:ShareCapital 2023-11-30 08282666 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 08282666 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08282666 frs-bus:AbridgedAccounts 2022-12-01 2023-11-30 08282666 frs-bus:SmallEntities 2022-12-01 2023-11-30 08282666 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 08282666 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08282666 frs-bus:Director1 2022-12-01 2023-11-30 08282666 1 2022-12-01 2023-11-30 08282666 frs-countries:EnglandWales 2022-12-01 2023-11-30 08282666 2021-11-30 08282666 2022-11-30 08282666 2021-12-01 2022-11-30 08282666 frs-core:Non-currentFinancialInstruments 2022-11-30 08282666 frs-core:ShareCapital 2022-11-30 08282666 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30 08282666 1 2021-12-01 2022-11-30
Registered number: 08282666
Sagar Consultants (UK) Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 November 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08282666
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 41,296 -
41,296 -
CURRENT ASSETS
Debtors 5 476,998 574,272
Cash at bank and in hand 941,097 440,524
1,418,095 1,014,796
Creditors: Amounts Falling Due Within One Year (819,333 ) (555,776 )
NET CURRENT ASSETS (LIABILITIES) 598,762 459,020
TOTAL ASSETS LESS CURRENT LIABILITIES 640,058 459,020
Creditors: Amounts Falling Due After More Than One Year (51,013 ) (34,998 )
NET ASSETS 589,045 424,022
CAPITAL AND RESERVES
Called up share capital 6 1,000 1,000
Profit and Loss Account 588,045 423,022
SHAREHOLDERS' FUNDS 589,045 424,022
Page 1
Page 2
For the year ending 30 November 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 30 November 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Bhargav Shah
Director
23/08/2024
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
Sagar Consultants (UK) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08282666 . The registered office is 10, Louvain Way, WATFORD, WD25 7EJ.
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. Going Concern Disclosure
At the time of approving the financial statement, the director has a reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to
adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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.
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.
2.4. 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:
Motor Vehicles 20% on a striaght line method
Fixtures & Fittings -
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 6 6
Director 1 1
7 7
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 December 2022 2,899
Additions 45,884
As at 30 November 2023 48,783
Depreciation
As at 1 December 2022 2,899
Provided during the period 4,588
As at 30 November 2023 7,487
Net Book Value
As at 30 November 2023 41,296
As at 1 December 2022 -
5. Debtors
2023 2022
£ £
Due after more than one year
Other debtors 460,000 -
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1,000 1,000
Page 4