Company Registration No. 11698986 (England and Wales)
SASA ARTS LTD
Unaudited accounts
for the year ended 31 August 2024
SASA ARTS LTD
Unaudited accounts
Contents
SASA ARTS LTD
Company Information
for the year ended 31 August 2024
Director
Phoebe Shergold Willis
Company Number
11698986 (England and Wales)
Registered Office
6 Sutton Road
St. Albans
England
AL1 5GF
Accountants
Cone Accounting Limited
124 City Road
London
EC1V 2NX
SASA ARTS LTD
Statement of financial position
as at 31 August 2024
Cash at bank and in hand
2,198
2,375
Creditors: amounts falling due within one year
(14,750)
3,167
Net current (liabilities)/assets
(10,035)
13,781
Total assets less current liabilities
(9,913)
14,707
Creditors: amounts falling due after more than one year
(8,944)
(14,513)
Net (liabilities)/assets
(18,857)
194
Called up share capital
100
100
Profit and loss account
(18,957)
94
Shareholders' funds
(18,857)
194
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 April 2025 and were signed on its behalf by
Phoebe Shergold Willis
Director
Company Registration No. 11698986
SASA ARTS LTD
Notes to the Accounts
for the year ended 31 August 2024
SASA ARTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11698986. The registered office is 6 Sutton Road, St. Albans, England, AL1 5GF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.00 % Straight Line Method
SASA ARTS LTD
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Accrued income and prepayments
49
125
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,298
2,090
Trade creditors
2,651
1,576
Taxes and social security
1,279
3,846
Loans from directors
-
(11,813)
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).