Company Registration No. 13684026 (England and Wales)
SASI FOOD AND WINE LTD
Unaudited accounts
for the year ended 31 October 2023
SASI FOOD AND WINE LTD
Unaudited accounts
Contents
SASI FOOD AND WINE LTD
Company Information
for the year ended 31 October 2023
Director
Sulosparan Krishnapillai
Company Number
13684026 (England and Wales)
Registered Office
98 LOUSHERS LANE
WARRINGTON
WA4 2RD
ENGLAND
Accountants
MERSEY ACCOUNTANTS
291-299 KENSINGTON
FAIRFIELD
LIVERPOOL
MERSEYSIDE
L7 2RG
SASI FOOD AND WINE LTD
Statement of financial position
as at 31 October 2023
Tangible assets
17,447
14,075
Cash at bank and in hand
5,149
3,351
Creditors: amounts falling due within one year
(86,221)
(65,227)
Net current liabilities
(19,592)
(11,126)
Total assets less current liabilities
(2,145)
2,949
Creditors: amounts falling due after more than one year
(2,344)
(11,719)
Net liabilities
(4,489)
(8,770)
Called up share capital
100
100
Profit and loss account
(4,589)
(8,870)
Shareholders' funds
(4,489)
(8,770)
For the year ending 31 October 2023 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 October 2024 and were signed on its behalf by
Sulosparan Krishnapillai
Director
Company Registration No. 13684026
SASI FOOD AND WINE LTD
Notes to the Accounts
for the year ended 31 October 2023
SASI FOOD AND WINE LTD is a private company, limited by shares, registered in England and Wales, registration number 13684026. The registered office is 98 LOUSHERS LANE, WARRINGTON, WA4 2RD , ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on cost
Fixtures & fittings
20% on cost
Computer equipment
25% on cost
SASI FOOD AND WINE LTD
Notes to the Accounts
for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2022
2,000
4,750
11,700
18,450
Additions
-
1,065
9,194
10,259
At 31 October 2023
2,000
5,815
20,894
28,709
At 1 November 2022
500
950
2,925
4,375
Charge for the year
500
1,163
5,224
6,887
At 31 October 2023
1,000
2,113
8,149
11,262
At 31 October 2023
1,000
3,702
12,745
17,447
At 31 October 2022
1,500
3,800
8,775
14,075
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,375
9,375
Trade creditors
28,302
26,833
Taxes and social security
546
-
Loans from directors
46,595
28,166
6
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).