Company Registration No. 08242848 (England and Wales)
Sapanta Ltd
Unaudited accounts
for the year ended 31 October 2024
Sapanta Ltd
Unaudited accounts
Contents
Sapanta Ltd
Company Information
for the year ended 31 October 2024
Company Number
08242848 (England and Wales)
Registered Office
300 Ashcroft Road
Luton
LU2 9AE
United Kingdom
Accountants
Ratnam Accountants
203 Kilburn High Road
London
NW6 7HY
Sapanta Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
3,758
5,011
Cash at bank and in hand
48,948
5,415
Creditors: amounts falling due within one year
(323,642)
(286,454)
Net current assets
74,982
77,243
Total assets less current liabilities
78,740
82,254
Creditors: amounts falling due after more than one year
(6,666)
(16,666)
Called up share capital
1
1
Profit and loss account
72,073
65,587
Shareholders' funds
72,074
65,588
For the year ending 31 October 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 his 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 31 October 2025 and were signed on its behalf by
Grigore Pop
Director
Company Registration No. 08242848
Sapanta Ltd
Notes to the Accounts
for the year ended 31 October 2024
Sapanta Ltd is a private company, limited by shares, registered in England and Wales, registration number 08242848. The registered office is 300 Ashcroft Road, Luton, LU2 9AE, United Kingdom.
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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
4,500
12,500
829
2,582
20,411
At 31 October 2024
4,500
12,500
829
2,582
20,411
At 1 November 2023
4,500
8,545
440
1,915
15,400
Charge for the year
-
989
97
167
1,253
At 31 October 2024
4,500
9,534
537
2,082
16,653
At 31 October 2024
-
2,966
292
500
3,758
At 31 October 2023
-
3,955
389
667
5,011
Sapanta Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Other debtors
303,462
358,282
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
Trade creditors
50,360
35,674
Taxes and social security
(27,042)
(28,014)
Loans from directors
2,478
31,309
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).