0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,121,890 1,121,890 1,121,890 xbrli:pure xbrli:shares iso4217:GBP 05083220 2023-04-01 2024-03-31 05083220 2024-03-31 05083220 2023-03-31 05083220 2022-04-01 2023-03-31 05083220 2023-03-31 05083220 2022-03-31 05083220 bus:Director1 2023-04-01 2024-03-31 05083220 core:WithinOneYear 2024-03-31 05083220 core:WithinOneYear 2023-03-31 05083220 core:AfterOneYear 2024-03-31 05083220 core:AfterOneYear 2023-03-31 05083220 core:ShareCapital 2024-03-31 05083220 core:ShareCapital 2023-03-31 05083220 core:RetainedEarningsAccumulatedLosses 2024-03-31 05083220 core:RetainedEarningsAccumulatedLosses 2023-03-31 05083220 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 05083220 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 05083220 bus:SmallEntities 2023-04-01 2024-03-31 05083220 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05083220 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 05083220 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05083220 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 05083220
SANGAMA LIMITED
Filleted Unaudited Financial Statements
31 March 2024
SANGAMA LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
4
1,121,890
1,121,890
Current assets
Cash at bank and in hand
4,094
6,709
Creditors: amounts falling due within one year
5
650,816
648,422
---------
---------
Net current liabilities
646,722
641,713
------------
------------
Total assets less current liabilities
475,168
480,177
Creditors: amounts falling due after more than one year
6
473,255
479,795
---------
---------
Net assets
1,913
382
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
1,813
282
-------
----
Shareholders funds
1,913
382
-------
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SANGAMA LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 23 September 2024 , and are signed on behalf of the board by:
Mrs G Ganeshamoorthy
Director
Company registration number: 05083220
SANGAMA LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 24 Otley Drive, Ilford, IG2 6SL.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current tax. Current tax is recognised on taxable profit for the current and past periods.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets
Freehold property
£
Cost
At 1 April 2023 and 31 March 2024
1,121,890
------------
Depreciation
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
1,121,890
------------
At 31 March 2023
1,121,890
------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
7,000
6,700
Corporation tax
1,767
2,873
Other creditors
642,049
638,849
---------
---------
650,816
648,422
---------
---------
Bank loan of £7,000 (2023 - £6,700) is secured by fixed and floating charges over the company's properties and negative pledge.
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
473,255
479,795
---------
---------
Bank loans of £473,255 (2023 - £479,795) are secured by fixed and floating charges over the company's properties and negative pledge.