Accounts filed on 30-09-2022

Accounts filed on 30-09-2022

SAANVI ( PORTCHESTER) LIMITED - Company Information

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Registered number: 09197698
Saanvi (Portchester) Limited
UNAUDITED ACCOUNTS
FOR THE YEAR ENDED 30/09/2022
Saanvi (Portchester) Limited
ACCOUNTS
FOR THE YEAR ENDED 30/09/2022
DIRECTORS
H B Patel
REGISTERED OFFICE
20a Wallace Way
Hitchin
SG4 0SE
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09197698
Saanvi (Portchester) Limited
ACCOUNTS
FOR THEYEARENDED30/09/2022
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4-6
Saanvi (Portchester) Limited
BALANCE SHEET AT 30/09/2022
20222021
Notes££
FIXED ASSETS
Tangible assets2106141
CURRENT ASSETS
Stock600,000280,000
Debtors4586,909389,708
Cash at bank and in hand13,10981,857
1,200,018751,565
CREDITORS: Amounts falling due within one year5358,884228,751
NET CURRENT ASSETS841,134522,814
TOTAL ASSETS LESS CURRENT LIABILITIES841,240522,955
CREDITORS: Amounts falling due after more than one year6207,96536,989
NET ASSETS633,275485,966
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account633,175485,866
SHAREHOLDERS' FUNDS633,275485,966
For the year ending 30/09/2022 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/06/2023 and signed on their behalf by
.............................
H B Patel
Director
Saanvi (Portchester) Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2022
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
Saanvi (Portchester) Limited
2. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/10/2021446446
At 30/09/2022446446
Depreciation
At 01/10/2021305305
For the year3535
At 30/09/2022340340
Net Book Amounts
At 30/09/2022106106
At 30/09/2021141141
3. STOCK 20222021
££
Stock comprises:
Stock600,000280,000
600,000280,000
4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors106,856105,191
Other debtors480,053284,517
586,909389,708
Saanvi (Portchester) Limited
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax94,75143,510
VAT155,66136,801
PAYE control17,1927,000
Salaries and wages control2,6226,906
Directors current account1,602213
Loans-12,170
Loans38,81239,084
Loans10,64810,648
Loans30,025-
Trade creditors4,24169,491
Other creditors330428
Accruals3,0002,500
358,884228,751
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20222021
££
Loans >1yr180,547-
Loans >1yr27,41836,989
207,96536,989
7. EMPLOYEES
20222021
No.No.
Average number of employees128
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
Saanvi (Portchester) Limited
9. CONTROLLING PARTY
Company is under the control of director H B Patel during the year.