Registered number
10829040
SARALA TECHNOLOGIES LIMITED
Filleted Accounts
30 June 2024
SARALA TECHNOLOGIES LIMITED
Registered number: 10829040
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,322 4,429
Current assets
Cash at bank and in hand 178,734 171,985
Creditors: amounts falling due within one year 4 (18,920) (17,731)
Net current assets 159,814 154,254
Net assets 163,136 158,683
Capital and reserves
Called up share capital 2 2
Profit and loss account 163,134 158,681
Shareholders' funds 163,136 158,683
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.
Mr Mahesh Malakannavar
Mrs Prabhavati Malakannavar
Director
Approved by the board on 10 March 2025
SARALA TECHNOLOGIES LIMITED
Notes to the Accounts
for the year ended 30 June 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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:
Fixtures, fittings, tools and equipment 25 % Reduced Balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 July 2023 6,512 1,323 7,835
At 30 June 2024 6,512 1,323 7,835
Depreciation
At 1 July 2023 2,992 414 3,406
Charge for the year 880 227 1,107
At 30 June 2024 3,872 641 4,513
Net book value
At 30 June 2024 2,640 682 3,322
At 30 June 2023 3,520 909 4,429
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 6,113 2,000
Corporation tax 52,813 27,273
Other creditors (40,006) (11,542)
18,920 17,731
5 Other information
SARALA TECHNOLOGIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
26 Trinity Circle
High Wycombe
Buckinghamshire
United Kingdom
HP11 1FD
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