Company Registration No. 12975473 (England and Wales)
Sarthak Limited
Unaudited accounts
for the year ended 31 October 2024
Sarthak Limited
Unaudited accounts
Contents
Sarthak Limited
Company Information
for the year ended 31 October 2024
Directors
Aditi Akotiya
Dharmesh Akotiya
Company Number
12975473 (England and Wales)
Registered Office
13 Appleton Drive
Dartford
DA2 7EN
England
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Sarthak Limited
Statement of financial position
as at 31 October 2024
Investment property
257,148
257,148
Cash at bank and in hand
15,671
15,106
Creditors: amounts falling due within one year
(105,754)
(107,369)
Net current liabilities
(87,358)
(89,538)
Total assets less current liabilities
170,208
168,433
Creditors: amounts falling due after more than one year
(160,200)
(159,018)
Called up share capital
4
4
Profit and loss account
10,004
9,411
Shareholders' funds
10,008
9,415
For the year ending 31 October 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 10 December 2024 and were signed on its behalf by
Aditi Akotiya
Director
Company Registration No. 12975473
Sarthak Limited
Notes to the Accounts
for the year ended 31 October 2024
Sarthak Limited is a private company, limited by shares, registered in England and Wales, registration number 12975473. The registered office is 13 Appleton Drive, Dartford, DA2 7EN, 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.
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.
Turnover includes revenue earned from property rental and is recognised when receivable by the company from the tenant.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Computer equipment
33% Straight line
Sarthak Limited
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Computer equipment
Fair value at 1 November 2023
257,148
At 31 October 2024
257,148
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,460
5,174
Taxes and social security
264
477
Loans from directors
96,671
10,862
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
154,575
154,843
Other creditors
5,625
4,175
The company has an outstanding charge, over the property in Basildon, in favour of Paragon Bank PLC. The charge contains a negative pledge clause.
Sarthak Limited
Notes to the Accounts
for the year ended 31 October 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).