Company Registration No. 10955211 (England and Wales)
Shri Gajanan Technologies Limited
Unaudited accounts
for the year ended 30 September 2020
Shri Gajanan Technologies Limited
Unaudited accounts
Contents
Shri Gajanan Technologies Limited
Company Information
for the year ended 30 September 2020
Secretary
Varsha Mattar Vyas
Company Number
10955211 (England and Wales)
Registered Office
24 Sandhurst Avenue
Surbiton
England
KT5 9BS
United Kingdom
Accountants
3E'S Accountants Ltd
231 Kenton Road
Harrow
Middlesex
HA3 0HD
Shri Gajanan Technologies Limited
Statement of financial position
as at 30 September 2020
Tangible assets
2,122
1,871
Cash at bank and in hand
56,808
55,520
Creditors: amounts falling due within one year
(19,306)
(51,694)
Net current assets
56,481
32,588
Total assets less current liabilities
58,603
34,459
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
57,999
33,903
Shareholders' funds
58,199
34,103
For the year ending 30 September 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 6 May 2021 and were signed on its behalf by
Rakesh Vyas
Director
Company Registration No. 10955211
Shri Gajanan Technologies Limited
Notes to the Accounts
for the year ended 30 September 2020
Shri Gajanan Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 10955211. The registered office is 24 Sandhurst Avenue, Surbiton, England, KT5 9BS, United Kingdom.
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.
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
33.33% Straight line basis
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.
Shri Gajanan Technologies Limited
Notes to the Accounts
for the year ended 30 September 2020
4
Tangible fixed assets
Computer equipment
At 30 September 2020
4,587
At 30 September 2020
2,465
At 30 September 2020
2,122
At 30 September 2019
1,871
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Debtors: amounts falling due within one year
2020
2019
Trade debtors
7,200
14,300
Accrued income and prepayments
11,400
14,462
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
20,084
22,688
Proposed dividends
-
12,909
Loans from directors
(908)
14,635
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Average number of employees
During the year the average number of employees was 1 (2019: 2).
