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 |