Registered number
06653978
Sapp (UK) Team Ltd
Filleted Accounts
31 July 2024
Sapp (UK) Team Ltd
Registered number: 06653978
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 55,030 60,416
Current assets
Debtors 4 133,413 141,601
Cash at bank and in hand 17,224 17,169
150,637 158,770
Creditors: amounts falling due within one year 5 (59,367) (60,951)
Net current assets 91,270 97,819
Total assets less current liabilities 146,300 158,235
Creditors: amounts falling due after more than one year 6 (15,000) (25,000)
Provisions for liabilities (13,757) (11,443)
Net assets 117,543 121,792
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 116,543 120,792
Shareholders' funds 117,543 121,792
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Magdalena Wlodarczyk-Sroka
Director
Approved by the board on 11 February 2025
Sapp (UK) Team Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to stakeholder pension plans are expensed in the period in which they are paid.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 57,980 46,485 104,465
Additions - 2,808 2,808
At 31 July 2024 57,980 49,293 107,273
Depreciation
At 1 August 2023 2,015 42,034 44,049
Charge for the year 5,797 2,397 8,194
At 31 July 2024 7,812 44,431 52,243
Net book value
At 31 July 2024 50,168 4,862 55,030
At 31 July 2023 55,965 4,451 60,416
4 Debtors 2024 2023
£ £
Trade debtors 600 2,850
Amounts owed by group undertakings and undertakings in which the company has a participating interest 125,000 128,774
Other debtors, prepayments and deposits 7,813 9,977
133,413 141,601
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,779 10,646
Trade creditors 26,940 41,828
Taxation and social security costs 20,190 7,396
Other creditors, directors loan 1,458 1,081
59,367 60,951
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,000 25,000
7 Other information
Sapp (UK) Team Ltd is a private company limited by shares and incorporated in England. Its registered office is:
37 Eatons Mead
London
E4 8AN
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