Company Registration No. SC534880 (Scotland)
Sai Sahasra It Ltd
Unaudited accounts
for the year ended 31 May 2024
Sai Sahasra It Ltd
Unaudited accounts
Contents
Sai Sahasra It Ltd
Accountants' report
Accountants' report to the board of directors of Sai Sahasra It Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sai Sahasra It Ltd for the year ended
31 May 2024 as set out on pages
4 -
6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sai Sahasra It Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sai Sahasra It Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sai Sahasra It Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sai Sahasra It Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sai Sahasra It Ltd. You consider that Sai Sahasra It Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sai Sahasra It Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Biz Accounting Ltd
14 Village Way East
Harrow
London
HA2 7LU
29 October 2024
Sai Sahasra It Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
81,056
102,360
Creditors: amounts falling due within one year
(64,966)
(73,508)
Net current assets
68,878
51,652
Called up share capital
10
10
Profit and loss account
69,331
53,006
Shareholders' funds
69,341
53,016
For the year ending 31 May 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 October 2024 and were signed on its behalf by
Mr Venkata Jagannadha Rao Malla
Director
Company Registration No. SC534880
Sai Sahasra It Ltd
Notes to the Accounts
for the year ended 31 May 2024
Sai Sahasra It Ltd is a private company, limited by shares, registered in Scotland, registration number SC534880. The registered office is 2/1 140 Deanston Drive , Glasgow , G41 3LB, 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
25% Straightline
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
52,788
22,800
Sai Sahasra It Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
32,719
29,423
Other creditors
32,197
44,065
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).