SAGE BUSINESS SOLUTIONS LTD

SAGE BUSINESS SOLUTIONS LTD

SAGE BUSINESS SOLUTIONS LTD - Company Information

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Company Registration No. 8069168 (England and Wales)
SAGE BUSINESS SOLUTIONS LTD Unaudited accounts for the year ended 31 March 2023
SAGE BUSINESS SOLUTIONS LTD Unaudited accounts Contents
Page
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SAGE BUSINESS SOLUTIONS LTD Company Information for the year ended 31 March 2023
Director
Mr T Suthaharan
Company Number
8069168 (England and Wales)
Registered Office
209 The Heights Northolt Middlesex UB5 4BX England
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SAGE BUSINESS SOLUTIONS LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
39,520 
39,520 
Tangible assets
5
57,065 
57,065 
96,585 
96,585 
Current assets
Debtors
6
16,200 
16,200 
Cash at bank and in hand
4,374 
2,672 
20,574 
18,872 
Creditors: amounts falling due within one year
7
(31,997)
(38,103)
Net current liabilities
(11,423)
(19,231)
Total assets less current liabilities
85,162 
77,354 
Creditors: amounts falling due after more than one year
8
(57,737)
(67,358)
Net assets
27,425 
9,996 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
26,425 
8,996 
Shareholders' funds
27,425 
9,996 
For the year ending 31 March 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 her 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 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.
The financial statements were approved by the Board and authorised for issue on 31 March 2024 and were signed on its behalf by
Mr T Suthaharan Director Company Registration No. 8069168
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SAGE BUSINESS SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
SAGE BUSINESS SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 8069168. The registered office is 209 The Heights, Northolt, Middlesex, UB5 4BX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2022
39,520 
At 31 March 2023
39,520 
Amortisation
At 1 April 2022
- 
At 31 March 2023
- 
Net book value
At 31 March 2023
39,520 
At 31 March 2022
39,520 
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SAGE BUSINESS SOLUTIONS LTD Notes to the Accounts for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2022
57,715 
At 31 March 2023
57,715 
Depreciation
At 1 April 2022
650 
At 31 March 2023
650 
Net book value
At 31 March 2023
57,065 
At 31 March 2022
57,065 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
8,000 
Other debtors
16,200 
8,200 
16,200 
16,200 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
27,197 
34,503 
Accruals
4,800 
3,600 
31,997 
38,103 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
57,737 
67,358 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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