Abbreviated Company Accounts - SUPRA CONSULTING LIMITED

Abbreviated Company Accounts - SUPRA CONSULTING LIMITED

SUPRA CONSULTING LIMITED - Company Information

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Registered Number 06351875

SUPRA CONSULTING LIMITED

Abbreviated Accounts

31 August 2014

SUPRA CONSULTING LIMITED Registered Number 06351875

Abbreviated Balance Sheet as at 31 August 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 652 43
652 43
Current assets
Debtors 8,954 23,786
Cash at bank and in hand 191,637 149,153
200,591 172,939
Creditors: amounts falling due within one year (41,789) (50,741)
Net current assets (liabilities) 158,802 122,198
Total assets less current liabilities 159,454 122,241
Provisions for liabilities (124) (4)
Total net assets (liabilities) 159,330 122,237
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 159,230 122,137
Shareholders' funds 159,330 122,237
  • For the year ending 31 August 2014 the company was entitled to exemption 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 May 2015

And signed on their behalf by:
Sudhakar Reddy Yeddula, Director

SUPRA CONSULTING LIMITED Registered Number 06351875

Notes to the Abbreviated Accounts for the period ended 31 August 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.
The Company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Turnover policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided on all tangilbe assets at rates calculated to write off the full cost or valuation less estimated residual value of each asset over its estimated useful life. The principal rates in use are:

Computer Equipment: 33% on Straightline Method

Other accounting policies
Deferred Taxation:

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.
Deferred tax is measured on the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2Tangible fixed assets
£
Cost
At 1 September 2013 757
Additions 978
Disposals -
Revaluations -
Transfers -
At 31 August 2014 1,735
Depreciation
At 1 September 2013 714
Charge for the year 369
On disposals -
At 31 August 2014 1,083
Net book values
At 31 August 2014 652
At 31 August 2013 43
3Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
100 Ordinary shares of £1 each 100 100

4Transactions with directors

Name of director receiving advance or credit: Mr Sudhakar Reddy Yeddula
Description of the transaction: Company Owed to Director
Balance at 1 September 2013: £ 288
Advances or credits made: -
Advances or credits repaid: £ 213
Balance at 31 August 2014: £ 75

Related Parties:

At the balance sheet date, Mr S R Yeddula and Mrs S R Anapureddy owns 50% shares each in the company therefore by virtue of their shares they are the ultimate controlling parties.
At the balance sheet date, the director Mr S R Yeddula was owed £75 (2013:288) by the company. This is a interest free loan to the company.