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Company Registration No. 12453335 (England and Wales)
SITPANAI ENTERPRISE LTD Unaudited accounts for the year ended 31 January 2024
SITPANAI ENTERPRISE LTD Unaudited accounts Contents
Page
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SITPANAI ENTERPRISE LTD Company Information for the year ended 31 January 2024
Directors
THIRUCHELVAM MATHIVANNAN KIRUJA SATKUNAM
Company Number
12453335 (England and Wales)
Registered Office
209 THE HEIGHTS NORTHOLT UB5 4BX ENGLAND
Accountants
IRTS Business Solutions Limited 209 The Heights Northolt Middlesex UB5 4BX
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SITPANAI ENTERPRISE LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
44,689 
44,689 
Tangible assets
73,347 
81,497 
118,036 
126,186 
Current assets
Inventories
105,350 
89,360 
Debtors
9,918 
- 
Cash at bank and in hand
27,445 
55,395 
142,713 
144,755 
Creditors: amounts falling due within one year
(149,639)
(151,793)
Net current liabilities
(6,926)
(7,038)
Total assets less current liabilities
111,110 
119,148 
Creditors: amounts falling due after more than one year
(22,371)
(32,092)
Net assets
88,739 
87,056 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
87,739 
86,056 
Shareholders' funds
88,739 
87,056 
For the year ending 31 January 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 26 October 2024 and were signed on its behalf by
THIRUCHELVAM MATHIVANNAN Director Company Registration No. 12453335
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SITPANAI ENTERPRISE LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
SITPANAI ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 12453335. The registered office is 209 THE HEIGHTS, NORTHOLT, UB5 4BX, 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.
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:
Plant & machinery
10%
Motor vehicles
10%
Fixtures & fittings
10%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
44,689 
At 31 January 2024
44,689 
Amortisation
At 1 February 2023
- 
At 31 January 2024
- 
Net book value
At 31 January 2024
44,689 
At 31 January 2023
44,689 
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SITPANAI ENTERPRISE LTD Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
17,129 
25,820 
79,888 
122,837 
At 31 January 2024
17,129 
25,820 
79,888 
122,837 
Depreciation
At 1 February 2023
4,076 
9,089 
28,175 
41,340 
Charge for the year
1,306 
1,673 
5,171 
8,150 
At 31 January 2024
5,382 
10,762 
33,346 
49,490 
Net book value
At 31 January 2024
11,747 
15,058 
46,542 
73,347 
At 31 January 2023
13,053 
16,731 
51,713 
81,497 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
9,918 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
16,761 
18,309 
Taxes and social security
8,369 
3,329 
Loans from directors
124,509 
130,155 
149,639 
151,793 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
22,371 
32,092 
9
Average number of employees
During the year the average number of employees was 6 (2023: 4).
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