Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-05-01false74truetruefalse 05914726 2023-05-01 2024-04-30 05914726 2022-05-01 2023-04-30 05914726 2024-04-30 05914726 2023-04-30 05914726 c:Director3 2023-05-01 2024-04-30 05914726 d:Buildings 2023-05-01 2024-04-30 05914726 d:Buildings 2024-04-30 05914726 d:Buildings 2023-04-30 05914726 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05914726 d:LandBuildings 2024-04-30 05914726 d:LandBuildings 2023-04-30 05914726 d:PlantMachinery 2023-05-01 2024-04-30 05914726 d:PlantMachinery 2024-04-30 05914726 d:PlantMachinery 2023-04-30 05914726 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05914726 d:FurnitureFittings 2023-05-01 2024-04-30 05914726 d:FurnitureFittings 2024-04-30 05914726 d:FurnitureFittings 2023-04-30 05914726 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05914726 d:OfficeEquipment 2023-05-01 2024-04-30 05914726 d:OfficeEquipment 2024-04-30 05914726 d:OfficeEquipment 2023-04-30 05914726 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05914726 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 05914726 d:Goodwill 2024-04-30 05914726 d:Goodwill 2023-04-30 05914726 d:CurrentFinancialInstruments 2024-04-30 05914726 d:CurrentFinancialInstruments 2023-04-30 05914726 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 05914726 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 05914726 d:ShareCapital 2024-04-30 05914726 d:ShareCapital 2023-04-30 05914726 d:RetainedEarningsAccumulatedLosses 2024-04-30 05914726 d:RetainedEarningsAccumulatedLosses 2023-04-30 05914726 c:FRS102 2023-05-01 2024-04-30 05914726 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05914726 c:FullAccounts 2023-05-01 2024-04-30 05914726 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05914726 2 2023-05-01 2024-04-30 05914726 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 05914726









SANPAS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
SANPAS LIMITED
REGISTERED NUMBER: 05914726

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
1,009,642
1,008,939

  
1,009,642
1,008,939

Current assets
  

Debtors: amounts falling due within one year
 6 
-
51,855

Cash at bank and in hand
 7 
57,974
77,341

  
57,974
129,196

Creditors: amounts falling due within one year
 8 
(949,502)
(630,703)

Net current liabilities
  
 
 
(891,528)
 
 
(501,507)

Total assets less current liabilities
  
118,114
507,432

  

Net assets
  
118,114
507,432


Capital and reserves
  

Called up share capital 
  
300
300

Profit and loss account
  
117,814
507,132

  
118,114
507,432

Page 1

 
SANPAS LIMITED
REGISTERED NUMBER: 05914726
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2025.




S A A Padmanathan
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SANPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Sanpas Limited is a private company, limited by shares, incorporated in England and Wales, registration number 05914726. The registered office is Aruna, 15a Manor Road, Chigwell. Essex IG7 5PF.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

  
2.4

Going concern

The financial statements have been prepared on going concern basis. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
This basis is deemed to be appropriate as directors have also confirmed that they will not call upon their loan from the company within 12 months of approving the accounts and will continue to support the company if required to meet all liabilities as they fall due.

Page 3

 
SANPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


 
2.7

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Page 4

 
SANPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated
Plant and machinery
-
15%
Reducing balance
Fixtures and fittings
-
15%
Reducing balance
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Page 5

 
SANPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

2024
2023
£
£

Wages and salaries
165,748
115,153

Social security costs
10,718
11,673

Cost of defined contribution scheme
3,719
2,111

180,185
128,937


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
7
4


4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
535,000



At 30 April 2024

535,000



Amortisation


At 1 May 2023
535,000



At 30 April 2024

535,000



Net book value



At 30 April 2024
-



At 30 April 2023
-



Page 6

 
SANPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 May 2023
997,640
18,315
42,156
12,414
1,070,525


Additions
-
-
-
3,198
3,198



At 30 April 2024

997,640
18,315
42,156
15,612
1,073,723



Depreciation


At 1 May 2023
-
15,950
36,571
9,063
61,584


Charge for the year on owned assets
-
355
838
1,304
2,497



At 30 April 2024

-
16,305
37,409
10,367
64,081



Net book value



At 30 April 2024
997,640
2,010
4,747
5,245
1,009,642



At 30 April 2023
997,640
2,365
5,585
3,351
1,008,941




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
997,640
997,640

997,640
997,640

Page 7

 
SANPAS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Debtors

2024
2023
£
£


Other debtors
-
51,855

-
51,855



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
57,974
77,341

57,974
77,341



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
4,961
4,780

Other taxation and social security
2,527
530

Other creditors
937,118
620,569

Accruals and deferred income
4,896
4,824

949,502
630,703



9.


Related party transactions

At the year end 30 April 2024, the amount due to directors is £936,384 (2023:£620,562). This balance forms part of the other creditors.


10.


Controlling party

The ultimate controlling parties by virtue of shareholding are the estate of Dr C Padmanathan, M Padmanathan & S Padmanathan.

Page 8