REGISTERED NUMBER: 08813642 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

Sri Sai Subs Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTOR:

V Grover

REGISTERED OFFICE:

453 Cranbrook Road

Ilford

Essex

IG2 6EW

REGISTERED NUMBER:

08813642 (England and Wales)

ACCOUNTANTS:

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

FIXED ASSETS

Intangible assets

4

40,499

44,999

Tangible assets

5

37,022

45,325

77,521

90,324

CURRENT ASSETS

Stocks

7,500

5,250

Debtors

1,473

2,269

Cash at bank and in hand

23,451

21,482

32,424

29,001

CREDITORS

Amounts falling due within one year

117,317

123,506

NET CURRENT LIABILITIES

(84,893

)

(94,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,372

)

(4,181

)

CREDITORS

Amounts falling due after more than one year

20,940

30,262

NET LIABILITIES

(28,312

)

(34,443

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(28,412

)

(34,543

)

SHAREHOLDERS' FUNDS

(28,312

)

(34,443

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 September 2025 and were signed by:

V Grover - Director

1.	STATUTORY INFORMATION

Sri Sai Subs Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold property

-

20% on cost

Fixtures, fittings & equipment

-

15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

89,999

AMORTISATION

At 1 June 2024

45,000

Amortisation for year

4,500

At 31 May 2025

49,500

NET BOOK VALUE

At 31 May 2025

40,499

At 31 May 2024

44,999

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

96,892

Additions

295

At 31 May 2025

97,187

DEPRECIATION

At 1 June 2024

51,567

Charge for year

8,598

At 31 May 2025

60,165

NET BOOK VALUE

At 31 May 2025

37,022

At 31 May 2024

45,325

6.	RELATED PARTY DISCLOSURES

The ultimate controlling party is V Grover.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sri Sai Subs Limited for the year ended 31 May 2025 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Sri Sai Subs Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sri Sai Subs Limited and state those matters that we have agreed to state to the director of Sri Sai Subs Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sri Sai Subs Limited and its director for our work or for this report.

It is your duty to ensure that Sri Sai Subs Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sri Sai Subs Limited. You consider that Sri Sai Subs Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sri Sai Subs 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 statutory financial statements.

Nielsens

Chartered Accountants

The Gatehouse

453 Cranbrook Road

Ilford

Essex

IG2 6EW

5 September 2025