Saij Limited
Registered number: 04447009
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 224,802 224,802
Current assets
Debtors 3 - 179,510
Cash at bank and in hand 329 329
329 179,839
Creditors: amounts falling due within one year 4 (439,355) (443,379)
Net current liabilities (439,026) (263,540)
Net liabilities (214,224) (38,738)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (215,224) (39,738)
Shareholders' funds (214,224) (38,738)
Average number of employees 0 0
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Satbir Singh Ahluwalia
Director
Approved by the board on 2 September 2024
Saij Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised when received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Land and buildings over 50 years straight line
Equipment, fixtures and fittings 25% reducing balance basis
Due to Non Trading in the Company No depreciation charge has been provided.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Tangible fixed assets
Land and buildings Equipment, fixtures and fittings Total
£ £ £
Cost
At 1 April 2023 252,896 2,985 255,881
At 31 March 2024 252,896 2,985 255,881
Depreciation
At 1 April 2023 28,186 2,893 31,079
At 31 March 2024 28,186 2,893 31,079
Net book value
At 31 March 2024 224,710 92 224,802
At 31 March 2023 224,710 92 224,802
3 Debtors 2024 2023
£ £
Related party balances - 179,510
4 Creditors: amounts falling due within one year 2024 2023
£ £
Director's current account 355 355
Related party balances - 2,584
Related party balance: Abhaya Care Limited 439,000 439,000
Other creditors and accruals - 1,440
439,355 443,379
5 Related party transactions 2024 2023
£ £
Mulberry Care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Mulberry Care Limited.
An interest free and unsecured loan to Mulberry Care Limited yet to be reimbursed to the company.
Amount due from the related party - 179,510
Lifetime Care Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Lifetime Care Limited.
An interest free and unsecured loan from Lifetime Care Limited yet to be reimbursed by the company.
Amount due to the related party - 552
Life Care Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Life Care Corporation Limited.
An interest free and unsecured loan from Life Care Corporation Limited yet to be reimbursed by the company.
Amount due to the related party - 1,032
Protégé Corporation Limited
Mr Ahluwalia, a director and shareholder of this company is also a director and shareholder of Protégé Corporation Limited.
An interest free and unsecured loan from Protege Corporation Limited yet to be reimbursed by the company.
Amount due to the related party - 1,000
Abhaya Care Limited
The company is related by virtue of an interest in the company.
An interest free and unsecured loan by Abhaya Care Limited yet to be reimbursed by the company.
Amount due to the related party 439,000 439,000
6 Controlling party
The director controls the company.
7 Other information
Saij Limited is a private company limited by shares and incorporated in England. Its registered office is:
Keyers Bridge House
Wokingham Road
Hurst
Reading
Berkshire RG10 0RU
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