Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 06355038 Mrs Elaine Horsham Mr Brian Horsham Mrs Wilawan Horsham Mrs Elaine Horsham iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06355038 2022-12-31 06355038 2023-12-31 06355038 2023-01-01 2023-12-31 06355038 frs-core:CurrentFinancialInstruments 2023-12-31 06355038 frs-core:FurnitureFittings 2023-12-31 06355038 frs-core:FurnitureFittings 2023-01-01 2023-12-31 06355038 frs-core:FurnitureFittings 2022-12-31 06355038 frs-core:NetGoodwill 2023-12-31 06355038 frs-core:NetGoodwill 2023-01-01 2023-12-31 06355038 frs-core:NetGoodwill 2022-12-31 06355038 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-12-31 06355038 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06355038 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-12-31 06355038 frs-core:PlantMachinery 2023-12-31 06355038 frs-core:PlantMachinery 2023-01-01 2023-12-31 06355038 frs-core:PlantMachinery 2022-12-31 06355038 frs-core:ShareCapital 2023-12-31 06355038 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 06355038 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06355038 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 06355038 frs-bus:SmallEntities 2023-01-01 2023-12-31 06355038 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06355038 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06355038 frs-bus:Director1 2023-01-01 2023-12-31 06355038 frs-bus:Director2 2023-01-01 2023-12-31 06355038 frs-bus:Director3 2023-01-01 2023-12-31 06355038 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 06355038 frs-core:CurrentFinancialInstruments 1 2023-12-31 06355038 frs-countries:EnglandWales 2023-01-01 2023-12-31 06355038 2021-12-31 06355038 2022-12-31 06355038 2022-01-01 2022-12-31 06355038 frs-core:CurrentFinancialInstruments 2022-12-31 06355038 frs-core:ShareCapital 2022-12-31 06355038 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 06355038 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 06355038
Sabai Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
TaxAssist Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 06355038
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,441 5,807
4,441 5,807
CURRENT ASSETS
Stocks 6 4,260 3,845
Debtors 7 8,493 12,054
Cash at bank and in hand 577 980
13,330 16,879
Creditors: Amounts Falling Due Within One Year 8 (163,203 ) (149,333 )
NET CURRENT ASSETS (LIABILITIES) (149,873 ) (132,454 )
TOTAL ASSETS LESS CURRENT LIABILITIES (145,432 ) (126,647 )
NET LIABILITIES (145,432 ) (126,647 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (145,532 ) (126,747 )
SHAREHOLDERS' FUNDS (145,432) (126,647)
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For the year ending 31 December 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.
On behalf of the board
Mrs Elaine Horsham
Director
16/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Sabai Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06355038 . The registered office is 165-169 Princes Place, North Street, Brighton, BN1 1EA.
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:
Leasehold No Depreciation
Plant & Machinery 25 % Reducing Balance
Fixtures & Fittings 15% 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:
2023 2022
Office and administration 14 14
14 14
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4. Intangible Assets
Goodwill
£
Cost
As at 1 January 2023 20,000
As at 31 December 2023 20,000
Amortisation
As at 1 January 2023 20,000
As at 31 December 2023 20,000
Net Book Value
As at 31 December 2023 -
As at 1 January 2023 -
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 January 2023 62,593 23,373 38,962 124,928
As at 31 December 2023 62,593 23,373 38,962 124,928
Depreciation
As at 1 January 2023 62,593 19,274 37,254 119,121
Provided during the period - 1,025 341 1,366
As at 31 December 2023 62,593 20,299 37,595 120,487
Net Book Value
As at 31 December 2023 - 3,074 1,367 4,441
As at 1 January 2023 - 4,099 1,708 5,807
6. Stocks
2023 2022
£ £
Materials 4,260 3,845
7. Debtors
2023 2022
£ £
Due within one year
Prepayments and accrued income 8,493 8,493
Other taxes and social security - 3,561
8,493 12,054
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8. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 4,236 (1 )
Bank loans and overdrafts 40,374 42,500
Other taxes and social security 3,666 -
VAT 17,274 14,479
Net wages - 3,654
Other creditors (1) 541 (209 )
Directors' loan accounts 97,112 88,910
163,203 149,333
9. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
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