Satya Overseas Consultants Ltd - Period Ending 2013-11-30

Registration number: 07431966

Satya Overseas Consultants Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2013
 

Tahas
Certified Accountants & Tax Advisors
Suite 2
4 Town Quay Wharf
Abbey Road
Barking
Essex
IG11 7BZ

Satya Overseas Consultants Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Satya Overseas Consultants Ltd
(Registration number: 07431966)
Abbreviated Balance Sheet at 30 November 2013

		Note			2013 £			2012 £
Fixed assets
Tangible fixed assets					8,719			11,625
Current assets
Cash at bank and in hand					509			602
Creditors: Amounts falling due within one year					(22,227)			(28,514)
Net current liabilities					(21,718)			(27,912)
Net liabilities					(12,999)			(16,287)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(13,099)			(16,387)
Shareholders' deficit					(12,999)			(16,287)

For the year ending 30 November 2013 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 director acknowledges his 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 provisions applicable to companies subject to the small companies regime .

Approved by the director on 14 August 2014

.........................................
Mr Dheeraj Siripurapu
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Satya Overseas Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	25% on reducing balance method

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2012		15,500			15,500
At 30 November 2013		15,500			15,500
Depreciation
At 1 December 2012		3,875			3,875
Charge for the year		2,906			2,906
At 30 November 2013		6,781			6,781
Net book value
At 30 November 2013		8,719			8,719
At 30 November 2012		11,625			11,625

Page 2

Satya Overseas Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2013						2012
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3