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REGISTERED NUMBER: 11499368 (England and Wales)


















SATHYA CARE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 6


SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 137,500 165,000
Tangible assets 5 728,836 710,767
866,336 875,767

CURRENT ASSETS
Debtors 6 90,048 154,288
Cash at bank and in hand 36,508 44,996
126,556 199,284
CREDITORS
Amounts falling due within one year 7 (312,819 ) (406,123 )
NET CURRENT LIABILITIES (186,263 ) (206,839 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,073

668,928

CREDITORS
Amounts falling due after more than one
year

8

(553,764

)

(584,899

)

PROVISIONS FOR LIABILITIES (23,969 ) (19,452 )
NET ASSETS 102,340 64,577

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 102,240 64,477
SHAREHOLDERS' FUNDS 102,340 64,577

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company.

SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





Dr D Ratnasingham - Director


SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Sathya Care Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11499368

Registered office: Unit 3
Ilex House
94 Holly Road
Twickenham
TW1 4HF

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the income of services are recognised when services are delivered, and legal title has passed.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets held for the company's own use are stated at the cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property - 2% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 24 ) .

SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 275,000
AMORTISATION
At 1 February 2023 110,000
Charge for year 27,500
At 31 January 2024 137,500
NET BOOK VALUE
At 31 January 2024 137,500
At 31 January 2023 165,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 687,999 159,902 847,901
Additions - 42,039 42,039
At 31 January 2024 687,999 201,941 889,940
DEPRECIATION
At 1 February 2023 55,040 82,094 137,134
Charge for year - 23,970 23,970
At 31 January 2024 55,040 106,064 161,104
NET BOOK VALUE
At 31 January 2024 632,959 95,877 728,836
At 31 January 2023 632,959 77,808 710,767

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,996 13,236
Other debtors 60,052 141,052
90,048 154,288

SATHYA CARE LTD (REGISTERED NUMBER: 11499368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,171 39,208
Taxation and social security 42,990 45,300
Other creditors 234,658 321,615
312,819 406,123

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 553,764 584,899

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 455,345 449,456

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 64,477
Profit for the year 37,763
At 31 January 2024 102,240

11. OTHER FINANCIAL COMMITMENTS

The loan is secured by a fixed and floating charge over the assets of the company.