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Registered Number: NI662524
Northern Ireland

 

 

 

SAGACIOUS IT SOLUTIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 15,620    29,001 
Cash at bank and in hand 1,038    919 
16,658    29,920 
Creditors: amount falling due within one year   (2,350)
Net current assets 16,658    27,570 
 
Total assets less current liabilities 16,658    27,570 
Creditors: amount falling due after more than one year (19,913)   (30,893)
Net assets (3,255)   (3,323)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (3,257)   (3,325)
Shareholders' funds (3,255)   (3,323)
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 17 March 2025 and were signed by:


-------------------------------
Raghavender Reddy BILLAPATI
Director
1
General Information
SAGACIOUS IT SOLUTIONS LIMITED is a private company, limited by shares, registered in Northern Ireland, registration number NI662524, registration address 40 Glenholm Drive, Belfast, Northern Ireland, BT8 6LW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
2