S Saba Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11918860 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

S Saba Ltd

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

Mrs S B Hagos

SECRETARY:

REGISTERED OFFICE:

24 Folkestone Road

London

N18 2EN

REGISTERED NUMBER:

11918860 (England and Wales)

ACCOUNTANTS:

KK ACCOUNTANTS

24 FOLKESTONE ROAD

LONDON

N18 2EN

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.

Respective Responsibilities of the Directors and Reporting Accountants

As described in the directors report, the director is responsible for the preparation of the financial statements in accordance

with applicable law and United Kingdom Accounting Standards. They consider the company is exempt from audit. Our

responsibilities are to prepare the financial statements on behalf of the director, based on the company's accounting records

and instruction from the directors.

Basis Of Opinion

We prepared the financial statements in accordance with best practice. We compared the financial statements with the

accounting records maintained by the company and made such limited enquiries of the company, as we considered necessary

for the preparation of these financial statements.

We have not carried out an audit in accordance with Auditing Standards. Accordingly, we do not express an audit opinion on

the financial statement. The financial statements are free from material misstatement whether by error, fraud or any other

irregularities.

Opinion

In our opinion:

(a) the financial statements are in agreement with accounting standards maintained by the companies act 2006 under section

386 and 387 as well as information provided by the directors.

(b) having regards only to, and on the basis of the information contained in those accounting records and instructions from

the directors, the financial statements have been drawn up in a manner consistent with the requirements on the Companies

Act 2006 and generally accepted accounting principles

KK ACCOUNTANTS

24 FOLKESTONE ROAD

LONDON

N18 2EN

Date: .............................................

FIXED ASSETS

Tangible assets

4

5,990

784

CURRENT ASSETS

Cash at bank

58,365

7,241

CREDITORS

Amounts falling due within one year

5

32,691

5,870

NET CURRENT ASSETS

25,674

1,371

TOTAL ASSETS LESS CURRENT LIABILITIES

31,664

2,155

CREDITORS

Amounts falling due after more than one year

6

30,000

-

NET ASSETS

1,664

2,155

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

1,663

2,154

SHAREHOLDERS' FUNDS

1,664

2,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 10 January 2022 and were signed by:

Mrs S B Hagos - Director

1.	STATUTORY INFORMATION

S Saba Ltd 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2020

980

Additions

6,704

At 30 April 2021

7,684

DEPRECIATION

At 1 May 2020

196

Charge for year

1,498

At 30 April 2021

1,694

NET BOOK VALUE

At 30 April 2021

5,990

At 30 April 2020

784

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade creditors

(1

)

-

Taxation and social security

3,662

1,494

Other creditors

29,030

4,376

32,691

5,870

Included in other creditors is directors current accounts balance of £25530 for the year to 30/04/2020

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans

30,000

-

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 April 2021 and the period ended

30 April 2020:

30.4.21

30.4.20

£

£

Mrs S B Hagos

Balance outstanding at start of year

2,976

-

Amounts advanced

22,553

2,976

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

25,529

2,976

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £20,000 (2020 - £5,000) were paid to the director .