Company Registration No. 05038752 (England and Wales)
Ratnam & Co Ltd
Unaudited accounts
for the year ended 28 February 2022
Ratnam & Co Ltd
Unaudited accounts
Contents
Ratnam & Co Ltd
Company Information
for the year ended 28 February 2022
Company Number
05038752 (England and Wales)
Registered Office
203 Kilburn High Road
London
NW6 7HY
Accountants
Ratnam & Co Ltd
203 Kilburn High Road
London
NW6 7HY
Ratnam & Co Ltd
Statement of financial position
as at 28 February 2022
Tangible assets
24,317
28,381
Cash at bank and in hand
132,606
58,159
Creditors: amounts falling due within one year
(240,735)
(123,341)
Net current assets
15,084
53,080
Total assets less current liabilities
39,401
81,461
Creditors: amounts falling due after more than one year
(39,815)
(50,000)
Net (liabilities)/assets
(414)
31,461
Called up share capital
100
100
Profit and loss account
(514)
31,361
Shareholders' funds
(414)
31,461
For the year ending 28 February 2022 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 7 October 2022 and were signed on its behalf by
Gopin Rajaratnam
Director
Company Registration No. 05038752
Ratnam & Co Ltd
Notes to the Accounts
for the year ended 28 February 2022
Ratnam & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 05038752. The registered office is 203 Kilburn High Road, London, NW6 7HY.
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:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2021
30,345
19,005
49,350
At 28 February 2022
30,345
21,020
51,365
At 1 March 2021
14,529
6,440
20,969
Charge for the year
3,163
2,916
6,079
At 28 February 2022
17,692
9,356
27,048
At 28 February 2022
12,653
11,664
24,317
At 28 February 2021
15,816
12,565
28,381
Ratnam & Co Ltd
Notes to the Accounts
for the year ended 28 February 2022
Amounts falling due within one year
Trade debtors
112,362
118,262
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
5,556
-
Trade creditors
10,124
9,905
Taxes and social security
696
-
Loans from directors
156,260
95,517
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 3 (2021: 1).
