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Company Registration No. 12463843 (England and Wales)
SAIVA FOODS LIMITED Unaudited accounts for the year ended 29 February 2024
SAIVA FOODS LIMITED Unaudited accounts Contents
Page
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SAIVA FOODS LIMITED Company Information for the year ended 29 February 2024
Directors
SURESH, Lakshmi MADANAGOPAL, Jayakumar
Company Number
12463843 (England and Wales)
Registered Office
1280 GREENFORD ROAD GREENFORD UB6 0HH ENGLAND
Accountants
Tally Tally Accountants 79 College Road Harrow HA1 1BD
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SAIVA FOODS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,492 
888 
Current assets
Debtors
8,536 
26,543 
Cash at bank and in hand
2,614 
9,895 
11,150 
36,438 
Creditors: amounts falling due within one year
(110,440)
(69,542)
Net current liabilities
(99,290)
(33,104)
Net liabilities
(97,798)
(32,216)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(97,898)
(32,316)
Shareholders' funds
(97,798)
(32,216)
For the year ending 29 February 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 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 of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by
SURESH, Lakshmi Director Company Registration No. 12463843
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SAIVA FOODS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SAIVA FOODS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12463843. The registered office is 1280 GREENFORD ROAD, GREENFORD, UB6 0HH, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Plant & machinery
25% Straight Line Method
Turnover
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.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Going concern
The financial statements have been prepared on a going concern basis, which is dependent upon the company's directors continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable future.
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SAIVA FOODS LIMITED Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
1,545 
Additions
1,320 
At 29 February 2024
2,865 
Depreciation
At 1 March 2023
657 
Charge for the year
716 
At 29 February 2024
1,373 
Net book value
At 29 February 2024
1,492 
At 28 February 2023
888 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,536 
6,406 
Other debtors
- 
20,137 
8,536 
26,543 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,512 
572 
Trade creditors
3,680 
1,032 
Taxes and social security
2,653 
607 
Other creditors
84,999 
51,894 
Loans from directors
17,596 
15,437 
110,440 
69,542 
7
Transactions with related parties
As at the year-end date, the directors had a credit balance of £17,596 (2023: £15,437 Cr) on their director's current account. This is an interest-free loan to the company and is included in other creditors due within one year.
8
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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