Satu Satu Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC545930 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2019

for

Satu Satu Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Miss M S T Yip

REGISTERED OFFICE:

93-97 St. Georges Road

Glasgow

G3 6JA

REGISTERED NUMBER:

SC545930 (Scotland)

ACCOUNTANTS:

Malhi & Company

42 Nithsdale Road

Glasgow

G41 2AN

FIXED ASSETS

Intangible assets

4

30,000

30,000

Tangible assets

5

5,163

6,884

35,163

36,884

CURRENT ASSETS

Stocks

897

2,697

Cash at bank and in hand

3,782

7,587

4,679

10,284

CREDITORS

Amounts falling due within one year

6

59,627

60,687

NET CURRENT LIABILITIES

(54,948

)

(50,403

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,785

)

(13,519

)

CAPITAL AND RESERVES

Called up share capital

8

1

1

Retained earnings

9

(19,786

)

(13,520

)

SHAREHOLDERS' FUNDS

(19,785

)

(13,519

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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

The financial statements were approved by the director and authorised for issue on 19 June 2020 and were signed by:

Miss M S T Yip - Director

1.	STATUTORY INFORMATION

Satu Satu Ltd is a private company, limited by shares , registered in Scotland. 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 0, is being amortised evenly over its estimated useful life of nil 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.

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 Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2018 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2018

and 30 September 2019

30,000

NET BOOK VALUE

At 30 September 2019

30,000

At 30 September 2018

30,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2018

and 30 September 2019

12,238

DEPRECIATION

At 1 October 2018

5,354

Charge for year

1,721

At 30 September 2019

7,075

NET BOOK VALUE

At 30 September 2019

5,163

At 30 September 2018

6,884

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.19

30.9.18

£

£

Other loans (see note 7)

58,777

59,297

Social security and other taxes

-

229

Accrued expenses

850

1,161

59,627

60,687

7.

LOANS

An analysis of the maturity of loans is given below:

30.9.19

30.9.18

£

£

Amounts falling due within one year or on demand:

Directors loan

58,777

59,297

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.19

30.9.18

value:

£

£

1

Ordinary

1.00

1

1

9.

RESERVES

Retained

earnings

£

At 1 October 2018

(13,520

)

Deficit for the year

(6,266

)

At 30 September 2019

(19,786

)