Ratnam & Co Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05038752 (England and Wales)

Unaudited Financial Statements for the Year Ended 28th February 2021

for

Ratnam & Co Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G Rajaratnam

REGISTERED OFFICE:

203 Kilburn High Road

London

London

NW6 7HY

REGISTERED NUMBER:

05038752 (England and Wales)

ACCOUNTANTS:

Ratnam & Co

203 Kilburn High Road

London

London

NW67HY

FIXED ASSETS

Tangible assets

4

28,381

32,963

CURRENT ASSETS

Debtors

5

118,262

23,046

Cash at bank

58,159

3,046

176,421

26,092

CREDITORS

Amounts falling due within one year

6

123,341

87,269

NET CURRENT ASSETS/(LIABILITIES)

53,080

(61,177

)

TOTAL ASSETS LESS CURRENT LIABILITIES

81,461

(28,214

)

CREDITORS

Amounts falling due after more than one year

7

50,000

-

NET ASSETS/(LIABILITIES)

31,461

(28,214

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

31,361

(28,314

)

SHAREHOLDERS' FUNDS

31,461

(28,214

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3rd June 2021 and were signed by:

G Rajaratnam - Director

1.	STATUTORY INFORMATION

Ratnam & Co Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st March 2020

30,345

16,491

46,836

Additions

-

2,514

2,514

At 28th February 2021

30,345

19,005

49,350

DEPRECIATION

At 1st March 2020

10,575

3,298

13,873

Charge for year

3,954

3,142

7,096

At 28th February 2021

14,529

6,440

20,969

NET BOOK VALUE

At 28th February 2021

15,816

12,565

28,381

At 29th February 2020

19,770

13,193

32,963

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

118,262

23,046

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

9,906

28,451

VAT

17,919

688

Directors' current accounts

95,516

58,130

123,341

87,269

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

50,000

-