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REGISTERED NUMBER: 05431017 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Satya Sai Limited

Satya Sai Limited (Registered number: 05431017)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Satya Sai Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Sanjaykumar Ramanlal Patel
Mrs Jagrutiben Sanjaykumar Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 05431017 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Satya Sai Limited (Registered number: 05431017)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,653 26,653
Property, plant and equipment 5 19,955 7,001
46,608 33,654

CURRENT ASSETS
Inventories 19,546 18,874
Debtors 6 1,337 1,355
Cash at bank and in hand 5,728 6,321
26,611 26,550
CREDITORS
Amounts falling due within one year 7 47,430 51,966
NET CURRENT LIABILITIES (20,819 ) (25,416 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,789

8,238

CREDITORS
Amounts falling due after more than one
year

8

43,903

34,009
NET LIABILITIES (18,114 ) (25,771 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (18,214 ) (25,871 )
SHAREHOLDERS' FUNDS (18,114 ) (25,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Satya Sai Limited (Registered number: 05431017)

Statement of Financial Position - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





Mr Sanjaykumar Ramanlal Patel - Director


Satya Sai Limited (Registered number: 05431017)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Satya Sai Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 26,653
NET BOOK VALUE
At 31 March 2024 26,653
At 31 March 2023 26,653

Satya Sai Limited (Registered number: 05431017)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023 11,679
Additions 19,006
At 31 March 2024 30,685
DEPRECIATION
At 1 April 2023 4,678
Charge for year 6,052
At 31 March 2024 10,730
NET BOOK VALUE
At 31 March 2024 19,955
At 31 March 2023 7,001

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 122
Other debtors 1,337 1,233
1,337 1,355

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 5,275 12,244
Taxation and social security 895 471
Other creditors 41,260 39,251
47,430 51,966

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 24,159 34,009
Hire purchase contracts 19,744 -
43,903 34,009

Satya Sai Limited (Registered number: 05431017)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 19,744 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100