Accounts

Accounts

SAIPEN LTD - Company Information

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2022-11-15 2023-11-30 14484585 SAIPEN LTD false 14484585 2022-11-15 2023-11-30 14484585 uk-bus:Director1 2022-11-15 2023-11-30 14484585 uk-bus:AuditExempt-NoAccountantsReport 2022-11-15 2023-11-30 14484585 uk-bus:SmallEntities 2022-11-15 2023-11-30 14484585 uk-bus:FullAccounts 2022-11-15 2023-11-30 14484585 uk-bus:PrivateLimitedCompanyLtd 2022-11-15 2023-11-30 14484585 2022-11-15 14484585 2023-11-30 14484585 2022-11-30 xbrli:pure iso4217:GBP 14484585 2021-11-15 2022-11-30
Company Registration Number : 14484585 (England and Wales)
14484585
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2023-11-30
false
SAIPEN LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2022-11-15
SAIPEN LTD
Unaudited filleted financial statements
For 381 days period from 15 November 2022 to 30 November 2023
SAIPEN LTD
Contents
For 381 days period from 15 November 2022 to 30 November 2023
CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5


SAIPEN LTD
Company Information
For 381 days period from 15 November 2022 to 30 November 2023
Company registration number 14484585 (England and Wales)
Director Tunde AKINNUWA
Registered office address 24 Bowness Road
Little Lever
Bolton
BL3 1UB
Accountant YRF Accountants Ltd
Accountants
24
Bowness Road, Little Lever
BL3 1UB
SAIPEN LTD
Statement of Financial Position
For 381 days period from 15 November 2022 to 30 November 2023
2023
Notes £
Current assets
Debtors 10,414
Cash and cash equivalents 2,293
12,707
Current liabilities
Corporation tax payable (2,454)
(2,454)
Net current assets/(liabilities) 10,253
Total assets less current liabilities 10,253
Net assets/(liabilities) 10,253
Capital and reserves
Retained earnings 10,253
Shareholder's funds 10,253
For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 November 2023 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 their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 29 January 2024
.............................
Tunde AKINNUWA (Director)
Company registration number: 14484585
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2023-11-30 30 November 2023
2023
£
Current Assets 12,707
Creditors: amounts falling due within one year (2,454)
Net current assets (liabilities) 10,253
Total assets less current liabilities 10,253
Net Assets (liabilities) 10,253
Capital and Reserves 10,253
For the year ending 11/30/2023 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. For the year ending 30-11-2023 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 29 January 2024 2024-01-29 and signed on behalf of the board,
.............................
Tunde AKINNUWA
Director
Company registration number: 14484585
SAIPEN LTD
Notes to the Financial Statements
For 381 days period from 15 November 2022 to 30 November 2023
(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 24 Bowness Road, Little Lever, BOLTON, BL3 1UB.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the period, the average number of employees including director was 0 .