Suryaveda Consulting Limited
Suryaveda Consulting Limited
Registered number: 10415943
Directors' Report and
Unaudited Financial Statements
For The Year Ended 31 October 2018
M C Accountants
Chartered Certified Accountants
19 Market Square
Sandbach
Cheshire
CW11 1AT
Suryaveda Consulting Limited
Directors' Report and Unaudited Financial Statements
For The Year Ended 31 October 2018
Directors' Report and Unaudited Financial Statements
| Contents | |
| Page | |
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| Company Information | 1 |
| Directors' Report | 2 |
| Accountant's Report | 3 |
| Dormant Profit and Loss Account Statement | 4 |
| Balance Sheet | 5—6 |
| Notes to the Financial Statements | 7—8 |
Suryaveda Consulting Limited
Company Information
For The Year Ended 31 October 2018
Company Information
| Directors |
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| Company Number |
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| Registered Office | 55 Fletton Dell |
| Parklands, Woburn Sands | |
| Buckinghamshire | |
| MK17 8EZ | |
| Accountants |
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| Chartered Certified Accountants | |
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| Sandbach | |
| Cheshire | |
| CW11 1AT | |
Page 1
Suryaveda Consulting Limited
Company No. 10415943
Directors' Report For The Year Ended 31 October 2018
Directors' Report
The directors present their report and the financial statements for the year ended 31 October 2018 .
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Suryaveda Consulting Limited
Accountant's Report
For The Year Ended 31 October 2018
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Suryaveda Consulting Limited For The Year Ended 31 October 2018
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Suryaveda Consulting Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Suryaveda Consulting Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Suryaveda Consulting Limited and state those matters that we have agreed to state to the directors of Suryaveda Consulting Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Suryaveda Consulting Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Suryaveda Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Suryaveda Consulting Limited . You consider that Suryaveda Consulting 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 accounts of Suryaveda Consulting 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 financial statements.
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Chartered Certified Accountants
19 Market Square
Sandbach
Cheshire
CW11 1AT
Page 3
Suryaveda Consulting Limited
Dormant Profit and Loss Account Statement
For The Year Ended 31 October 2018
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
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Suryaveda Consulting Limited
Balance Sheet
As at
31 October 2018
Balance Sheet
| 31 October 2018 | Period to 31 October 2017 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 3 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 530 | 530 | |||
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Suryaveda Consulting Limited
Balance Sheet (continued)
As at
31 October 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
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 provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 7 to 8 form part of these financial statements.
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Suryaveda Consulting Limited
Notes to the Financial Statements
For The Year Ended 31 October 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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Suryaveda Consulting Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 October 2018
1.3.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.
Average Number of Employees
Average number of employees, including directors, during the year was two.
3.
Creditors: Amounts Falling Due Within One Year
| 31 October 2018 | Period to 31 October 2017 | ||
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| Accruals and deferred income |
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| Directors' loan accounts |
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General Information
Suryaveda Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10415943 . The registered office is 55 Fletton Dell, Parklands, Woburn Sands, Buckinghamshire, MK17 8EZ.
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