Company registration number 06527738 (England and Wales)
SAO IT SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
SAO IT SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
18,058
2,787
Current assets
143,120
141,009
Prepayments and accrued income
76
76
Creditors: amounts falling due within one year
(173,767)
(115,511)
Net current (liabilities)/assets
(30,571)
25,574
Total assets less current liabilities
(12,513)
28,361
Net (liabilities)/assets
(12,513)
28,361
Capital and reserves
(12,513)
28,361
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees
During the financial year, the company lent in total £237,106 to the directors. Repayments totalling £239,549 were made during the year. At the end of the financial year the directors owed the company £30,604 (2023 - £31,434). All loans are repayable on demand and interest totalling £1,613 was charged at a beneficial loan interest rate of 2.25% during the year.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2024
2023
Number
Number
Employees
SAO IT Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Verulam House, 1 Cropmead, Crewkerne, Somerset, TA18 7HQ.
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
SAO IT SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 6 March 2025 and are signed on its behalf by:
Mr J Cairns
Mrs S Cairns
Director
Director
Company registration number 06527738 (England and Wales)