Sakarta Limited - Accounts to registrar (filleted) - small 18.2

Sakarta Limited - Accounts to registrar (filleted) - small 18.2

SAKARTA LIMITED - Company Information

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IRIS Accounts Production v20.1.5.71 SC587609 director 1.3.19 28.2.20 28.2.20 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5876092019-02-28SC5876092020-02-28SC5876092019-03-012020-02-28SC5876092018-02-01SC5876092018-02-022019-02-28SC5876092019-02-28SC587609ns16:Scotland2019-03-012020-02-28SC587609ns15:PoundSterling2019-03-012020-02-28SC587609ns11:Director12019-03-012020-02-28SC587609ns11:PrivateLimitedCompanyLtd2019-03-012020-02-28SC587609ns11:SmallEntities2019-03-012020-02-28SC587609ns11:AuditExemptWithAccountantsReport2019-03-012020-02-28SC587609ns11:SmallCompaniesRegimeForDirectorsReport2019-03-012020-02-28SC587609ns11:SmallCompaniesRegimeForAccounts2019-03-012020-02-28SC587609ns11:FullAccounts2019-03-012020-02-28SC587609ns11:RegisteredOffice2019-03-012020-02-28SC587609ns6:CurrentFinancialInstruments2020-02-28SC587609ns6:CurrentFinancialInstruments2019-02-28SC587609ns6:ShareCapital2020-02-28SC587609ns6:ShareCapital2019-02-28SC587609ns6:RetainedEarningsAccumulatedLosses2020-02-28SC587609ns6:RetainedEarningsAccumulatedLosses2019-02-28SC587609ns6:PlantMachinery2019-03-012020-02-28SC587609ns6:PlantMachinery2020-02-28SC587609ns6:CurrentFinancialInstrumentsns6:WithinOneYear2020-02-28SC587609ns6:CurrentFinancialInstrumentsns6:WithinOneYear2019-02-28
REGISTERED NUMBER: SC587609 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2020

for

SAKARTA LIMITED
SAKARTA LIMITED (REGISTERED NUMBER: SC587609)






Contents of the Financial Statements
for the Year Ended 28 February 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

SAKARTA LIMITED

Company Information
for the Year Ended 28 February 2020







DIRECTOR: F R McKenzie





REGISTERED OFFICE: 5th Floor
125 Princes Street
Edinburgh
EH2 4AD





REGISTERED NUMBER: SC587609 (Scotland)





ACCOUNTANTS: Sharles CA
29 Brandon Street
Hamilton
ML3 6DA
Page 1
SAKARTA LIMITED (REGISTERED NUMBER: SC587609)

Balance Sheet
28 February 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,892 -

CURRENT ASSETS
Debtors 6 11,908 -
Cash at bank and in hand 247,711 2
259,619 2
CREDITORS
Amounts falling due within one year 7 166,532 -
NET CURRENT ASSETS 93,087 2
TOTAL ASSETS LESS CURRENT
LIABILITIES
101,979
2

PROVISIONS FOR LIABILITIES 1,689 -
NET ASSETS 100,290 2

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 100,288 -
SHAREHOLDERS' FUNDS 100,290 2

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 August 2020 and were signed by:



F R McKenzie - Director


The notes form part of these financial statements

Page 2
SAKARTA LIMITED (REGISTERED NUMBER: SC587609)

Notes to the Financial Statements
for the Year Ended 28 February 2020

1. STATUTORY INFORMATION

Sakarta Limited is a private company, limited by shares , registered in Scotland. The company's registered
number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. There were no material departures from that standard.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is derived from consultancy services supplied by the company.

Turnover is measured at the fair value of consultancy services supplied, net of discounts and excluding value
added tax, and is recognised at the point that the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets held for the companies own use are stated at cost less accumulated depreciation and
accumulated impairment loss.

At each balance sheet date, the company reviews the carrying amounts of its tangible fixed assets to determine
whether there is any indication that any items have suffered an impairment loss. If any such indication exists,
the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. Where it
is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of
the cash-generating unit to which the asset belongs.

Expenditure of £500 or more on individual tangible fixed assets is capitalised at cost. Expenditure on assets
below this threshold is charged directly to the income statement in the period it is incurred.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


Page 3 continued...
SAKARTA LIMITED (REGISTERED NUMBER: SC587609)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2020

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws
that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of
the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 11,141
At 28 February 2020 11,141
DEPRECIATION
Charge for year 2,249
At 28 February 2020 2,249
NET BOOK VALUE
At 28 February 2020 8,892

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 11,908 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 1 -
Taxation and social security 12,029 -
Other creditors 154,502 -
166,532 -

Page 4
Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Sakarta Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements
and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Sakarta Limited for the year ended 28 February 2020 which comprise the Income Statement,
Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from
information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Sakarta Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sakarta Limited and state those matters that we have agreed to state to the director of Sakarta Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sakarta Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sakarta Limited. You consider that Sakarta Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sakarta Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Sharles CA
29 Brandon Street
Hamilton
ML3 6DA


12 August 2020

This page does not form part of the statutory financial statements

Page 5