SAM BHAGAT CONSULTING LTD 11508424 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Consultancy in recruitment Digita Accounts Production Advanced 6.30.9574.0 true true 11508424 2023-09-01 2024-08-31 11508424 2024-08-31 11508424 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-08-31 11508424 core:RetainedEarningsAccumulatedLosses 2024-08-31 11508424 core:ShareCapital 2024-08-31 11508424 core:CurrentFinancialInstruments 2024-08-31 11508424 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 11508424 core:Non-currentFinancialInstruments 2024-08-31 11508424 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 11508424 core:OtherRelatedParties 2024-08-31 11508424 bus:SmallEntities 2023-09-01 2024-08-31 11508424 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11508424 bus:FilletedAccounts 2023-09-01 2024-08-31 11508424 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11508424 bus:RegisteredOffice 2023-09-01 2024-08-31 11508424 bus:Director1 2023-09-01 2024-08-31 11508424 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-09-01 2024-08-31 11508424 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11508424 core:OtherRelatedParties 2023-09-01 2024-08-31 11508424 countries:England 2023-09-01 2024-08-31 11508424 2023-08-31 11508424 core:OtherRelatedParties 2023-08-31 11508424 2022-09-01 2023-08-31 11508424 2023-08-31 11508424 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-08-31 11508424 core:RetainedEarningsAccumulatedLosses 2023-08-31 11508424 core:ShareCapital 2023-08-31 11508424 core:CurrentFinancialInstruments 2023-08-31 11508424 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 11508424 core:Non-currentFinancialInstruments 2023-08-31 11508424 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11508424

SAM BHAGAT CONSULTING LTD

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

SAM BHAGAT CONSULTING LTD

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

SAM BHAGAT CONSULTING LTD

Company Information

Director

Mr Sameer Bhagat

Registered office

C/O Clever Accounts Ltd
Brookfield Court
Selby Road
Leeds
West Yorkshire
LS25 1NB

Accountants

Clever Accounts Ltd
Brookfield Court
Selby Road
Garforth, Leeds
LS25 1NB

 

SAM BHAGAT CONSULTING LTD

(Registration number: 11508424)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Current assets

 

Debtors

1,634

1,644

Cash at bank and in hand

 

303

630

 

1,937

2,274

Creditors: Amounts falling due within one year

(5,342)

(2,014)

Total assets less current liabilities

 

(3,405)

260

Creditors: Amounts falling due after more than one year

(6,448)

(8,877)

Net liabilities

 

(9,853)

(8,617)

Capital and reserves

 

Called up share capital

4

1

1

Retained earnings

(9,854)

(8,618)

Shareholders' deficit

 

(9,853)

(8,617)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 May 2025
 

.........................................

Mr Sameer Bhagat
Director

 

SAM BHAGAT CONSULTING LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/O Clever Accounts Ltd
Brookfield Court
Selby Road
Leeds
West Yorkshire
LS25 1NB
United Kingdom

These financial statements were authorised for issue by the director on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

SAM BHAGAT CONSULTING LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

1

1

1

1

       
 

SAM BHAGAT CONSULTING LTD

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

5

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

6,448

8,877

6

Related party transactions

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

3,913

3,913

At end of period

3,913

3,913

Terms of loans to related parties

Loan for S455 Tax