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Registered Number: 07091680
England and Wales

 

 

 

SATZONE IT (UK) LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Bhanu Pratap Satyanarayana
Registered Number 07091680
Registered Office 20 Pond Croft
Hampshire
Yateley
GU467UR
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 (1)   (1)
(1)   (1)
Current assets      
Debtors 4 911    11,934 
Cash at bank and in hand 712    1,308 
1,623    13,242 
Creditors: amount falling due within one year 5 (4,378)   (2,211)
Net current assets (2,755)   11,031 
 
Total assets less current liabilities (2,756)   11,030 
Creditors: amount falling due after more than one year 6 (31,614)   (40,342)
Net assets (34,370)   (29,312)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (34,372)   (29,314)
Shareholders' funds (34,370)   (29,312)
 


For the year ended 31 December 2023 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 income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 04 March 2025 and were signed by:


-------------------------------
Bhanu Pratap Satyanarayana
Director
2
General Information
Satzone It (Uk) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07091680, registration address 20 Pond Croft, Hampshire, Yateley, GU467UR.

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
Total liabilities exceed current assets at the balance sheet date. The directors consider, however that the company has sufficient liquid assets to meet its liabilities as and when they fall due and that the company has sufficient support from its creditors. Accordingly the director considers that it is appropriate to prepare the accounts on a going concern basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 January 2023 1,250    1,250 
Additions  
Disposals  
At 31 December 2023 1,250    1,250 
Depreciation
At 01 January 2023 1,251    1,251 
Charge for year  
On disposals  
At 31 December 2023 1,251    1,251 
Net book values
Closing balance as at 31 December 2023 (1)   (1)
Opening balance as at 01 January 2023 (1)   (1)


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors   4,250 
Directors' Current Accounts   7,684 
VAT 911   
911    11,934 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors (125)   450 
Accrued Expenses 610   
Directors' Current Accounts 3,893   
VAT   1,761 
4,378    2,211 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 31,614    40,342 
31,614    40,342 

3