Company Registration No. 09268094 (England and Wales)
Snithi Solutions Limited
Unaudited accounts
for the year ended 31 October 2019
Snithi Solutions Limited
Unaudited accounts
Contents
Snithi Solutions Limited
Company Information
for the year ended 31 October 2019
Directors
Mr Suresh Babu Kuruva
Mrs Shilpa Kuruva
Company Number
09268094 (England and Wales)
Registered Office
6 Timber Court
Hillmorton Road
Rugby
CV22 5AZ
England
Accountants
Sigma Chartered Accountants
J O Hunter House
409 Bradford Road
Huddersfield
West Yorkshire
HD2 2RB
Snithi Solutions Limited
Statement of financial position
as at 31 October 2019
Tangible assets
10,893
14,990
Cash at bank and in hand
21,123
22,580
Creditors: amounts falling due within one year
(29,943)
(8,059)
Net current (liabilities)/assets
(8,820)
14,521
Total assets less current liabilities
2,073
29,511
Provisions for liabilities
Deferred tax
(2,070)
(2,848)
Called up share capital
3
2
Profit and loss account
-
26,661
Shareholders' funds
3
26,663
For the year ending 31 October 2019 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 of Directors and authorised for issue on 21 July 2020 and were signed on its behalf by
Mr Suresh Babu Kuruva
Director
Company Registration No. 09268094
Snithi Solutions Limited
Notes to the Accounts
for the year ended 31 October 2019
Snithi Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 09268094. The registered office is 6 Timber Court, Hillmorton Road, Rugby, CV22 5AZ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
Snithi Solutions Limited
Notes to the Accounts
for the year ended 31 October 2019
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 3 (2018: 3).
