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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
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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
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Sai Sahasra It Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
463 
1,364 
Current assets
Debtors
52,788 
22,800 
Cash at bank and in hand
81,056 
102,360 
133,844 
125,160 
Creditors: amounts falling due within one year
(64,966)
(73,508)
Net current assets
68,878 
51,652 
Net assets
69,341 
53,016 
Capital and reserves
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
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Sai Sahasra It Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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:
Fixtures & fittings
25% Straightline
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,603 
At 31 May 2024
3,603 
Depreciation
At 1 June 2023
2,239 
Charge for the year
901 
At 31 May 2024
3,140 
Net book value
At 31 May 2024
463 
At 31 May 2023
1,364 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
52,788 
22,800 
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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 
£ 
£ 
Trade creditors
50 
20 
Taxes and social security
32,719 
29,423 
Other creditors
32,197 
44,065 
64,966 
73,508 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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