Company Registration No. 11360986 (England and Wales)
North Sakara Limited
Unaudited accounts
for the year ended 31 May 2024
North Sakara Limited
Unaudited accounts
Contents
North Sakara Limited
Company Information
for the year ended 31 May 2024
Company Number
11360986 (England and Wales)
Registered Office
49 Thackeray Drive
Northfleet
Gravesend
DA11 8FS
Accountants
King & Taylor
123 Cross Lane East
Gravesend
Kent
DA12 5HA
North Sakara Limited
Statement of financial position
as at 31 May 2024
Tangible assets
1,633
1,298
Cash at bank and in hand
2,011
2,347
Creditors: amounts falling due within one year
(43,261)
(70,936)
Net current assets
16,609
19,828
Total assets less current liabilities
18,242
21,126
Creditors: amounts falling due after more than one year
(14,639)
(17,151)
Called up share capital
2
1
Profit and loss account
3,601
3,974
Shareholders' funds
3,603
3,975
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 director acknowledges his 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 and authorised for issue on 17 January 2025 and were signed on its behalf by
JD S Hamidu
Director
Company Registration No. 11360986
North Sakara Limited
Notes to the Accounts
for the year ended 31 May 2024
North Sakara Limited is a private company, limited by shares, registered in England and Wales, registration number 11360986. The registered office is 49 Thackeray Drive, Northfleet, Gravesend, DA11 8FS.
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.
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.
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
Straight line over 5 years
Computer equipment
Straight line over 5 years
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
1,592
770
2,362
At 31 May 2024
2,523
770
3,293
At 1 June 2023
692
372
1,064
Charge for the year
442
154
596
At 31 May 2024
1,134
526
1,660
At 31 May 2024
1,389
244
1,633
At 31 May 2023
900
398
1,298
North Sakara Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
57,859
77,617
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,895
1,112
Taxes and social security
30,936
35,005
7
Creditors: amounts falling due after more than one year
2024
2023
Aggregate of amounts that fall due for payment after five years
5,947
8,232
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director
77,617
123,587
143,345
57,859
77,617
123,587
143,345
57,859
9
Average number of employees
During the year the average number of employees was 2 (2023: 1).