Registered number
08560354
SAGA Technologies Limited
Filleted Accounts
30 June 2024
SAGA Technologies Limited
Registered number: 08560354
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 30,564 51,010
Cash at bank and in hand 15,165 20,462
45,729 71,472
Creditors: amounts falling due within one year 4 (12,361) (32,465)
Net current assets 33,368 39,007
Total assets less current liabilities 33,368 39,007
Creditors: amounts falling due after more than one year 5 (32,948) (38,442)
Net assets 420 565
Capital and reserves
Called up share capital 2 2
Profit and loss account 418 563
Shareholders' funds 420 565
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shashi Kumar Mulugu
Director
Approved by the board on 26 June 2025
SAGA Technologies Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
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).
Turnover
Turnover includes revenue earned from the rendering of IT Consultancy services.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 29,814 39,260
Loans & advances 750 11,750
30,564 51,010
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 7,002 30,379
Other taxes and social security costs 5,359 2,086
12,361 32,465
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 32,948 38,442
6 Other information
SAGA Technologies Limited is a private company limited by shares and incorporated in England. Its registered office is:
207 Regent Street
London
W1B 3HH
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