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REGISTERED NUMBER: 12902900 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Sasi Govind Ltd

Sasi Govind Ltd (Registered number: 12902900)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sasi Govind Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Ms S Govindarajulu
R Srinivasan





SECRETARY:





REGISTERED OFFICE: 10 Hazel Brook Gardens
Bristol
BS10 7FL





REGISTERED NUMBER: 12902900 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Brunel House
11 The Promenade
Clifton Down
Bristol
BS8 3NG

Sasi Govind Ltd (Registered number: 12902900)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,399 56,720

CURRENT ASSETS
Investments 5 501,000 348,000
Cash at bank 159,291 101,842
660,291 449,842
CREDITORS
Amounts falling due within one year 6 81,007 66,862
NET CURRENT ASSETS 579,284 382,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

625,683

439,700

PROVISIONS FOR LIABILITIES 7 6,569 8,030
NET ASSETS 619,114 431,670

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 8 619,014 431,668
619,114 431,670

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 20 December 2024 and were signed on its behalf by:





Ms S Govindarajulu - Director


Sasi Govind Ltd (Registered number: 12902900)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Sasi Govind Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on reducing balance basis
Motor vehicles - 20% on reducing balance basis
Computer equipment - 33.33% on reducing balance basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Sasi Govind Ltd (Registered number: 12902900)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 577 70,000 638 71,215
Additions - - 1,619 1,619
At 30 September 2024 577 70,000 2,257 72,834
DEPRECIATION
At 1 October 2023 282 14,000 213 14,495
Charge for year 59 11,200 681 11,940
At 30 September 2024 341 25,200 894 26,435
NET BOOK VALUE
At 30 September 2024 236 44,800 1,363 46,399
At 30 September 2023 295 56,000 425 56,720

5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Loan to Sasiram Ltd 501,000 348,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 64,259 47,588
Barclaycard 2,263 -
Capital on Tap 156 -
Directors' loan accounts 12,828 17,775
Accrued expenses 1,501 1,499
81,007 66,862

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 6,569 8,030

Deferred
tax
£   
Balance at 1 October 2023 8,030
Provided during year (1,461 )
Balance at 30 September 2024 6,569

8. RESERVES
Retained
earnings
£   

At 1 October 2023 431,668
Profit for the year 188,346
Dividends (1,000 )
At 30 September 2024 619,014