Company Registration No. 13145016 (England and Wales)
Savitx Ltd
Unaudited accounts
for the year ended 31 January 2024
Savitx Ltd
Unaudited accounts
Contents
Savitx Ltd
Company Information
for the year ended 31 January 2024
Director
Sanjeev Kumar Gajjela
Company Number
13145016 (England and Wales)
Registered Office
INTERNATIONAL HOUSE
12 CONSTANCE STREET
LONDON
E16 2DQ
UNITED KINGDOM
Accountants
Edmil Accountants UK Ltd
146 Broadway
Didcot
Oxfordshire
OX11 8SH
Savitx Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
64,782
10,830
Cash at bank and in hand
3,103
56,290
Creditors: amounts falling due within one year
(91,110)
(19,360)
Net current (liabilities)/assets
(87,686)
36,930
Total assets less current liabilities
(22,904)
47,760
Creditors: amounts falling due after more than one year
(25,323)
-
Net (liabilities)/assets
(48,227)
47,760
Called up share capital
100
100
Profit and loss account
(48,327)
47,660
Shareholders' funds
(48,227)
47,760
For the year ending 31 January 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 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 26 June 2024 and were signed on its behalf by
Sanjeev Kumar Gajjela
Director
Company Registration No. 13145016
Savitx Ltd
Notes to the Accounts
for the year ended 31 January 2024
Savitx Ltd is a private company, limited by shares, registered in England and Wales, registration number 13145016. The registered office is INTERNATIONAL HOUSE, 12 CONSTANCE STREET, LONDON, E16 2DQ, UNITED KINGDOM.
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 have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
20% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
9,513
4,662
664
14,839
Additions
55,090
19,550
-
74,640
At 31 January 2024
64,603
24,212
664
89,479
At 1 February 2023
2,378
1,412
219
4,009
Charge for the year
16,151
4,318
219
20,688
At 31 January 2024
18,529
5,730
438
24,697
At 31 January 2024
46,074
18,482
226
64,782
At 31 January 2023
7,135
3,250
445
10,830
Amounts falling due after more than one year
Savitx Ltd
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,800
17,487
Other creditors
1,654
1,654
Loans from directors
87,656
219
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
At year end, the company owed the sum of ££87,656 to the director Dr Sanjeev Sanjeev Gajjela. (FY:2023- £219)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).