Registered number
10933985
Sanaria Technologies Limited
Filleted Accounts
31 August 2024
Sanaria Technologies Limited
Registered number: 10933985
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 104,766 -
Current assets
Debtors 4 105,128 44,397
Cash at bank and in hand 75,806 53,263
180,934 97,660
Creditors: amounts falling due within one year 5 (45,253) (37,321)
Net current assets 135,681 60,339
Total assets less current liabilities 240,447 60,339
Creditors: amounts falling due after more than one year 6 (109,000) -
Net assets 131,447 60,339
Capital and reserves
Called up share capital 100 100
Profit and loss account 131,347 60,239
Shareholder's funds 131,447 60,339
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 member has 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 Omer Tuna Celik
Director
Approved by the board on 2 April 2025
Sanaria Technologies Limited
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
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:
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 1
3 Tangible fixed assets
Motor vehicles
£
Cost
Additions 105,509
At 31 August 2024 105,509
Depreciation
Charge for the year 743
At 31 August 2024 743
Net book value
At 31 August 2024 104,766
4 Debtors 2024 2023
£ £
Customers 105,000 44,100
VAT refundable 128 297
105,128 44,397
5 Creditors: amounts falling due within one year 2024 2023
£ £
Suppliers 6,243 -
Taxation and social security costs 13,759 32,758
Director's loan account 18,229 4,563
Gorkem Kurt 5,372 -
San Batu Celik 800 -
Zahide Ozlem Celik 850 -
45,253 37,321
6 Creditors: amounts falling due after one year 2024 2023
£ £
Mercedes-Benz Financial Services 109,000 -
7 Other information
Sanaria Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
565 Green Lanes
Haringey
London
N8 0RL
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