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REGISTERED NUMBER: 11261941 (England and Wales)


Financial Statements for the Year Ended 31 March 2024

for

Sai (Mitcham) Limited

Sai (Mitcham) Limited (Registered number: 11261941)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sai (Mitcham) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Kumarasamy Vicknarajah
Mr Saishankar Vicknarajah





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 11261941 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Sai (Mitcham) Limited (Registered number: 11261941)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,766 435,022

CURRENT ASSETS
Inventories 162,402 169,087
Debtors 5 1,654 7,861
Cash at bank and in hand 65,409 28,177
229,465 205,125
CREDITORS
Amounts falling due within one year 6 78,338 479,732
NET CURRENT ASSETS/(LIABILITIES) 151,127 (274,607 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,893

160,415

CREDITORS
Amounts falling due after more than one
year

7

75,003

89,307
NET ASSETS 79,890 71,108

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 79,790 71,008
SHAREHOLDERS' FUNDS 79,890 71,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Sai (Mitcham) Limited (Registered number: 11261941)

Balance Sheet - continued
31 March 2024


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 March 2025 and were signed on its behalf by:





Mr Kumarasamy Vicknarajah - Director


Sai (Mitcham) Limited (Registered number: 11261941)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sai (Mitcham) Limited 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
Revenue 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 etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 430,000 11,590 441,590
Reclassification/transfer (430,000 ) - (430,000 )
At 31 March 2024 - 11,590 11,590
DEPRECIATION
At 1 April 2023 - 6,568 6,568
Charge for year - 1,256 1,256
At 31 March 2024 - 7,824 7,824
NET BOOK VALUE
At 31 March 2024 - 3,766 3,766
At 31 March 2023 430,000 5,022 435,022

Sai (Mitcham) Limited (Registered number: 11261941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

The Freehold Property has been transferred to directors current account, as it was owned by director and not company.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 1,654 7,861

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 55,072 85,265
Taxation and social security 11,052 16,937
Other creditors 12,214 377,530
78,338 479,732

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 18,931 27,007
Other creditors 56,072 62,300
75,003 89,307

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Share capital 1 £1 100 100