Acorah Software Products - Accounts Production 16.3.350 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 06839815 F Meola I Tyson iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 06839815 2024-03-31 06839815 2025-03-31 06839815 2024-04-01 2025-03-31 06839815 frs-core:CurrentFinancialInstruments 2025-03-31 06839815 frs-core:PlantMachinery 2025-03-31 06839815 frs-core:PlantMachinery 2024-04-01 2025-03-31 06839815 frs-core:PlantMachinery 2024-03-31 06839815 frs-core:CapitalRedemptionReserve 2025-03-31 06839815 frs-core:ShareCapital 2025-03-31 06839815 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 06839815 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06839815 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 06839815 frs-bus:SmallEntities 2024-04-01 2025-03-31 06839815 frs-bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06839815 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06839815 frs-bus:Director1 2024-04-01 2025-03-31 06839815 frs-bus:Director2 2024-04-01 2025-03-31 06839815 frs-countries:EnglandWales 2024-04-01 2025-03-31 06839815 2023-03-31 06839815 2024-03-31 06839815 2023-04-01 2024-03-31 06839815 frs-core:CurrentFinancialInstruments 2024-03-31 06839815 frs-core:CapitalRedemptionReserve 2024-03-31 06839815 frs-core:ShareCapital 2024-03-31 06839815 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 06839815
Sasola Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Myfi Group Limited
Contents
Page
Company Information 1
Accountant's Report 2
Balance Sheet 3—4
Notes to the Financial Statements 5—6
Page 1
Company Information
Directors F Meola
I Tyson
Company Number 06839815
Registered Office 16 Shorland Oaks
Priory Lane
Warfield
Berkshire
RG42 2JZ
Accountants Myfi Group Limited
Unit 8 The Courtyard
Gaulby Lane
Stoughton
Leicester
LE2 2FL
Page 1
Page 2
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Sasola Limited for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Sasola Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of Sasola Limited , as a body, in accordance with the terms of our engagement letter dated 25 March 2024. Our work has been undertaken solely to prepare for your approval the accounts of Sasola Limited and state those matters that we have agreed to state to the directors of Sasola Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sasola Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that Sasola Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sasola Limited . You consider that Sasola Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Sasola Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
23/06/2025
Myfi Group Limited
Unit 8 The Courtyard
Gaulby Lane
Stoughton
Leicester
LE2 2FL
Page 2
Page 3
Balance Sheet
Registered number: 06839815
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,961 7,851
3,961 7,851
CURRENT ASSETS
Stocks 23,760 5,830
Debtors 5 40,079 40,637
Cash at bank and in hand 502,797 500,783
566,636 547,250
Creditors: Amounts Falling Due Within One Year 6 (99,215 ) (81,644 )
NET CURRENT ASSETS (LIABILITIES) 467,421 465,606
TOTAL ASSETS LESS CURRENT LIABILITIES 471,382 473,457
PROVISIONS FOR LIABILITIES
Deferred Taxation (990 ) (1,963 )
NET ASSETS 470,392 471,494
CAPITAL AND RESERVES
Called up share capital 7 502 502
Capital redemption reserve 251 251
Profit and Loss Account 469,639 470,741
SHAREHOLDERS' FUNDS 470,392 471,494
Page 3
Page 4
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
F Meola
Director
I Tyson
Director
23/06/2025
The notes on pages 5 to 6 form part of these financial statements.
Page 4
Page 5
Notes to the Financial Statements
1. General Information
Sasola Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06839815 . The registered office is 16 Shorland Oaks, Priory Lane, Warfield, Berkshire, RG42 2JZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on cost
2.4. Stocks and Work in Progress
Work in progress are valued at the lower of cost and net realisable value.
Cost is calculated using the first-in, first-out method and inculdes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
2.7. Hire purchase and leasing commitments
Rental paids under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 4)
3 4
Page 5
Page 6
4. Tangible Assets
Plant & Machinery etc.
£
Cost
As at 1 April 2024 23,144
Additions 1,982
As at 31 March 2025 25,126
Depreciation
As at 1 April 2024 15,293
Provided during the period 5,872
As at 31 March 2025 21,165
Net Book Value
As at 31 March 2025 3,961
As at 1 April 2024 7,851
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 38,273 38,766
Other debtors 1,806 1,871
40,079 40,637
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 266 190
Other creditors 60,511 69,711
Taxation and social security 38,438 11,743
99,215 81,644
7. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 502 502
8. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 70,000 90,000
Page 6