Company Registration No. 07881458 (England and Wales)
Ravi Kulkarni Limited
Unaudited accounts
for the year ended 31 March 2020
Ravi Kulkarni Limited
Unaudited accounts
Contents
Ravi Kulkarni Limited
Company Information
for the year ended 31 March 2020
Director
Mr Ravindra Kulkarni
Company Number
07881458 (England and Wales)
Registered Office
Southwood
Christchurch Road
Virginia Water
Surrey
GU25 4RW
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Ravi Kulkarni Limited
Statement of financial position
as at 31 March 2020
Intangible assets
45,030
67,545
Investments
847,000
747,000
Cash at bank and in hand
39,158
64,427
Creditors: amounts falling due within one year
(170,837)
(166,732)
Net current assets
798,741
712,181
Net assets
844,685
780,945
Called up share capital
3
3
Profit and loss account
844,682
780,942
Shareholders' funds
844,685
780,945
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.
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 18 January 2021 and were signed on its behalf by
Mr Ravindra Kulkarni
Director
Company Registration No. 07881458
Ravi Kulkarni Limited
Notes to the Accounts
for the year ended 31 March 2020
Ravi Kulkarni Limited is a private company, limited by shares, registered in England and Wales, registration number 07881458. The registered office is Southwood, Christchurch Road, Virginia Water, Surrey, GU25 4RW.
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.
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% as per reducing balance method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
22,515
Ravi Kulkarni Limited
Notes to the Accounts
for the year ended 31 March 2020
5
Tangible fixed assets
Fixtures & fittings
Trade debtors
73,340
66,486
Accrued income and prepayments
9,080
-
7
Investments held as current assets
2020
2019
Unlisted investments
847,000
747,000
8
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
20,845
30,868
Other creditors
10,133
1,079
Loans from directors
129,635
132,706
9
Average number of employees
During the year the average number of employees was 2 (2019: 2).
