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Registered number: 10671807
Sara Global Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
ZA LTD
FMAAT AND FFA
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Statement of Changes in Equity 4
Notes to the Financial Statements 5—6
Page 1
Accountants' Report
Report of the Accountant to the directors of Sara Global Limited
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the Balance Sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give “a true and fair view”.
You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Signed
ZA Ltd
26/10/2024
ZA LTD
FMAAT AND FFA
Page 1
Page 2
Balance Sheet
Registered number: 10671807
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,537 3,149
3,537 3,149
CURRENT ASSETS
Stocks 5 - 77,713
Cash at bank and in hand 190,424 56,629
190,424 134,342
Creditors: Amounts Falling Due Within One Year 6 (46,200 ) (2,513 )
NET CURRENT ASSETS (LIABILITIES) 144,224 131,829
TOTAL ASSETS LESS CURRENT LIABILITIES 147,761 134,978
Creditors: Amounts Falling Due After More Than One Year 7 (275,738 ) (301,039 )
NET LIABILITIES (127,977 ) (166,061 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (128,077 ) (166,161 )
SHAREHOLDERS' FUNDS (127,977) (166,061)
Page 2
Page 3
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.
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 Noor Al-Gburi
Director
Mr Saif Al-Qazzaz
Director
26/10/2024
The notes on pages 5 to 6 form part of these financial statements.
Page 3
Page 4
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 April 2022 100 (129,019 ) (128,919)
Loss for the year and total comprehensive income - (37,142 ) (37,142)
As at 31 March 2023 and 1 April 2023 100 (166,161 ) (166,061)
Profit for the year and total comprehensive income - 38,084 38,084
As at 31 March 2024 100 (128,077 ) (127,977)
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Sara Global Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10671807 . The registered office is 24 The Fairway, Wembley, HA0 3LJ.
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.
2.3. 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:
Plant & Machinery 15% on reducing balance method
2.4. 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: 3 (2023: 6)
3 6
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 April 2023 7,020
Additions 1,272
As at 31 March 2024 8,292
Depreciation
As at 1 April 2023 3,871
Provided during the period 884
As at 31 March 2024 4,755
Net Book Value
As at 31 March 2024 3,537
As at 1 April 2023 3,149
5. Stocks
2024 2023
£ £
Finished goods - 77,713
Page 5
Page 6
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 788
VAT 212 317
Other creditors 45,375 -
Accruals and deferred income 613 1,408
46,200 2,513
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 35,738 41,039
Director loan A/C-unsecured loan 240,000 260,000
275,738 301,039
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6