Sava Analytics Limited - Period Ending 2022-10-31
Sava Analytics Limited - Period Ending 2022-10-31
Registration number:
Sava Analytics Limited
for the Period from 10 March 2022 to 31 October 2022
Sava Analytics Limited
Contents
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Company Information |
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Directors' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Sava Analytics Limited
Company Information
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Directors |
Mr A Baggett Dr N G Cutland |
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Registered office |
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Accountants |
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Sava Analytics Limited
Directors' Report for the Period from 10 March 2022 to 31 October 2022
The directors present their report and the financial statements for the period from 10 March 2022 to 31 October 2022.
Incorporation
The company was incorporated on
Directors of the company
The directors who held office during the period were as follows:
Principal activity
The principal activity of the company is that of consultancy activities.
Business review and director's statement
These are the accounts of Sava Analytics Limited, which provides analytics and strategic support to assist organisations with energy efficiency and sustainability objectives. Sava Analytics Limited’s parent company is Sava Technology Limited (company number 10305408) that provides analytical calculation software for property owners, particularly housing providers to support them in complying with energy efficiency regulations to meet carbon and fuel poverty targets. The final operating company in the group is Sava Limited (company number 01753762), that provides a range of training, qualifications and other services related to the built environment. All three companies trade under the name Sava.
These accounts are the first part year of trading for Sava Analytics Limited, for the period from 10 March 2022 to 31 October 2022. The company has performed to expectations in the period.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Sava Analytics Limited
(Registration number: 13969072)
Balance Sheet as at 31 October 2022
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Note |
2022 |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
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Retained earnings |
42,297 |
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Shareholders' funds |
42,397 |
For the financial period ending 31 October 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Sava Analytics Limited
Notes to the Unaudited Financial Statements for the Period from 10 March 2022 to 31 October 2022
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
The company registration number is 13969072
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. The company subsequently considers the recoverable value of the trade debtors. When assessing impairment of trade debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.
Sava Analytics Limited
Notes to the Unaudited Financial Statements for the Period from 10 March 2022 to 31 October 2022
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
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Debtors |
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Current |
Note |
2022 |
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Trade debtors |
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Amounts owed by related parties |
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Prepayments |
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Other debtors |
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Sava Analytics Limited
Notes to the Unaudited Financial Statements for the Period from 10 March 2022 to 31 October 2022
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Creditors |
Creditors: amounts falling due within one year
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2022 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Share capital |
Allotted, called up and fully paid shares
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2022 |
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No. |
£ |
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80 |
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20 |
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