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REGISTERED NUMBER: 09016359 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2020

for

Som Saa Ltd

Som Saa Ltd (Registered number: 09016359)

Contents of the Financial Statements
for the Year Ended 30 April 2020










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Som Saa Ltd

Company Information
for the Year Ended 30 April 2020







DIRECTORS: M N Dobbie
T George
A Oliver





SECRETARY: Solutions 4 Caterers Ltd





REGISTERED OFFICE: The Meads Business Centre
19 Kingsmead
Farnborough
Hampshire
GU14 7SR





REGISTERED NUMBER: 09016359 (England and Wales)





ACCOUNTANTS: Solutions 4 Caterers Ltd
Westmead House
Westmead
Farnborough
Hampshire
GU14 7LP

Som Saa Ltd (Registered number: 09016359)

Statement of Financial Position
30 April 2020

2020 2019
Notes £    £   
FIXED ASSETS
Tangible assets 4 559,503 614,905

CURRENT ASSETS
Stocks 5 18,038 16,362
Debtors 6 65,880 117,290
Cash at bank and in hand 723,745 444,402
807,663 578,054
CREDITORS
Amounts falling due within one year 7 (184,067 ) (277,726 )
NET CURRENT ASSETS 623,596 300,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,183,099

915,233

PROVISIONS FOR LIABILITIES (38,162 ) (39,500 )
NET ASSETS 1,144,937 875,733

CAPITAL AND RESERVES
Called up share capital 2,230 2,041
Share premium 907,897 669,261
Retained earnings 234,810 204,431
SHAREHOLDERS' FUNDS 1,144,937 875,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 21 January 2021 and were signed on its behalf by:




T George - Director


Som Saa Ltd (Registered number: 09016359)

Notes to the Financial Statements
for the Year Ended 30 April 2020


1. STATUTORY INFORMATION

Som Saa Ltd is a private company, limited by shares , registered in England and Wales. 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. ACCOUNTING POLICIES

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

Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - over the term of the primary lease
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Operating leases
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

Som Saa Ltd (Registered number: 09016359)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2020


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2019 - 54 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Computer
leasehold machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2019 547,914 176,424 62,471 13,936 800,745
Additions - 5,847 - 2,050 7,897
At 30 April 2020 547,914 182,271 62,471 15,986 808,642
DEPRECIATION
At 1 May 2019 90,543 52,207 35,339 7,751 185,840
Charge for year 29,667 18,077 12,494 3,061 63,299
At 30 April 2020 120,210 70,284 47,833 10,812 249,139
NET BOOK VALUE
At 30 April 2020 427,704 111,987 14,638 5,174 559,503
At 30 April 2019 457,371 124,217 27,132 6,185 614,905

5. STOCKS
2020 2019
£    £   
Stocks 18,038 16,362

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 50,563 57,522
Prepayments 15,317 59,768
65,880 117,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 56,722 110,227
Tax 19,807 18,614
Social security and other taxes 4,701 13,766
VAT 56,950 93,971
Other creditors 32,639 17,016
Directors' current accounts - 5,966
Accruals and deferred income 13,248 18,166
184,067 277,726

Som Saa Ltd (Registered number: 09016359)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2020


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2020 2019
£    £   
Within one year 92,120 100,000
Between one and five years 40,000 400,000
In more than five years 941,918 1,040,000
1,074,038 1,540,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2020 and 30 April 2019:

2020 2019
£    £   
T George
Balance outstanding at start of year (2,790 ) (7,790 )
Amounts advanced 2,790 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,790 )

A Oliver
Balance outstanding at start of year (2,893 ) (7,893 )
Amounts advanced 2,893 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (2,893 )

M N Dobbie
Balance outstanding at start of year (283 ) (283 )
Amounts advanced 283 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (283 )

The above loans are unsecured, interest free and repayable on demand.

10. SUBSEQUENT EVENTS

The Covid-19 pandemic has resulted in the country going into periods of 'lockdown'. The situation continues to affect the company and the UK economy as a whole. During this period the company has taken advantage of government support. The directors are optimistic about the future and believe that the foundations are in place for the company to continue for the foreseeable future.