Krishna Constructions And Investments - Accounts to registrar (filleted)

REGISTERED NUMBER: 11161675 (England and Wales)

Financial Statements for the Year Ended 31 March 2022

for

KRISHNA CONSTRUCTIONS AND INVESTMENTS

LIMITED

Page

Company Information

1

Report of the Accountants

2

Statement of Financial Position

3

Notes to the Financial Statements

4

DIRECTOR:

A K R Enaganti

REGISTERED OFFICE:

Unit 7b

-Bbk, Cranbrook Road

Ilford

Essex

IG1 4PG

REGISTERED NUMBER:

11161675 (England and Wales)

ACCOUNTANTS:

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 March 2022 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

BBK Partnership

Chartered Accountants

& Statutory Auditors

1 Beauchamp Court

10 Victors Way

Barnet

Hertfordshire

EN5 5TZ

Date: .............................................

CURRENT ASSETS

Stocks

4

304,275

535,727

Debtors

5

85,948

50,936

Cash at bank and in hand

320,102

40,863

710,325

627,526

CREDITORS

Amounts falling due within one year

6

663,886

616,907

NET CURRENT ASSETS

46,439

10,619

TOTAL ASSETS LESS CURRENT
LIABILITIES

46,439

10,619

CAPITAL AND RESERVES

Called up share capital

8

10,000

Retained earnings

9

36,439

619

SHAREHOLDERS' FUNDS

46,439

10,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 11 August 2022 and were signed by:

A K R Enaganti - Director

1.	STATUTORY INFORMATION

Krishna Constructions And Investments Limited 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 1 ).

4.

STOCKS

31.3.22

31.3.21

£

Property Development Cost

304,275

535,727

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Trade debtors

35,012

40,936

Other debtors

50,936

10,000

85,948

50,936

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

Bank loans and overdrafts (see note 7)

243,978

185,000

Tax

8,547

145

Directors' current accounts

408,061

430,562

Accrued expenses

3,300

1,200

663,886

616,907

7.

LOANS

An analysis of the maturity of loans is given below:

31.3.22

31.3.21

£

Amounts falling due within one year or on demand:

Dr.Gaddam Loan

100,478

85,000

Arkitekton Chilham Loan

100,000

Dr Gaddam loan

43,500

-

243,978

185,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.22

31.3.21

value:

£

10,000

Ordinary

£1

10,000

9.

RESERVES

Retained

earnings

£

At 1 April 2021

619

Profit for the year

35,820

At 31 March 2022

36,439

Krishna Constructions And Investments - Accounts to registrar (filleted) - small 18.2

Krishna Constructions And Investments - Accounts to registrar (filleted) - small 18.2