Company Registration No. 09348063 (England and Wales)
Djan IT Consultancy Ltd
Unaudited accounts
for the year ended 31 March 2020
Djan IT Consultancy Ltd
Unaudited accounts
Contents
Djan IT Consultancy Ltd
Company Information
for the year ended 31 March 2020
Director
Mr Mandip Singh Dhinjan
Company Number
09348063 (England and Wales)
Registered Office
5 Winleigh Road
Handsworth Wood
Birmingham
B20 2HN
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Djan IT Consultancy Ltd
Statement of financial position
as at 31 March 2020
Cash at bank and in hand
12,725
16,915
Creditors: amounts falling due within one year
(14,191)
(20,645)
Net current assets
6,234
4,670
Called up share capital
10
10
Profit and loss account
6,224
4,660
Shareholders' funds
6,234
4,670
For the year ending 31 March 2020 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 director acknowledges his 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 and authorised for issue on 27 October 2020 and were signed on its behalf by
Mr Mandip Singh Dhinjan
Director
Company Registration No. 09348063
Djan IT Consultancy Ltd
Notes to the Accounts
for the year ended 31 March 2020
Djan IT Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09348063. The registered office is 5 Winleigh Road, Handsworth Wood, Birmingham, B20 2HN, United Kingdom.
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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.
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:
Computer equipment
33% Straight Line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Tangible fixed assets
Total
Djan IT Consultancy Ltd
Notes to the Accounts
for the year ended 31 March 2020
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Movements on directors' loan accounts represents timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed by the company to Mr Dhinjan was £117, a movement of £67 from the £50 owed by the company at the beginning of the period.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
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Average number of employees
During the year the average number of employees was 1 (2019: 1).
