Company Registration No. 10672021 (England and Wales)
Saifee Solutions Limited
Unaudited accounts
for the year ended 31 March 2025
Saifee Solutions Limited
Unaudited accounts
Contents
Saifee Solutions Limited
Company Information
for the year ended 31 March 2025
Director
Mustansir S Kheriwala
Company Number
10672021 (England and Wales)
Registered Office
2A Grange road
Romford
RM3 7DU
Accountants
Maknas Accountants Limited
2A Grange Road
Romford
Essex
RM3 7DU
Saifee Solutions Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
268
287
Creditors: amounts falling due within one year
(4,626)
(4,006)
Net current liabilities
(4,296)
(3,627)
Net liabilities
(4,078)
(3,336)
Called up share capital
100
100
Profit and loss account
(4,178)
(3,436)
Shareholders' funds
(4,078)
(3,336)
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 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 15 December 2025 and were signed on its behalf by
Mustansir S Kheriwala
Director
Company Registration No. 10672021
Saifee Solutions Limited
Notes to the Accounts
for the year ended 31 March 2025
Saifee Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10672021. The registered office is 2A Grange road, Romford, RM3 7DU.
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.
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 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.
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:
Computer equipment
25% reducing balance method
The balance sheet at the end of the year recorded net labilities. However, the directors believe sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.
Expenditure on research and development is written off in the year in which it is incurred.
Saifee Solutions Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2025
2024
Other creditors
1,300
1,300
Loans from directors
2,326
906
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).