IBASE SOFTWARE SOLUTIONS PVT LIMITED - Accounts

IBASE SOFTWARE SOLUTIONS PVT LIMITED - Accounts

IBASE SOFTWARE SOLUTIONS PVT LIMITED - Company Information

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Registered Number: 09504032


 

 

 

IBASE SOFTWARE SOLUTIONS PVT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

IBASE SOFTWARE SOLUTIONS PVT LIMITED
Contents Page
For the year ended 31 March 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
PROLEAD FINANCIAL SOLUTIONS UK LIMITED
31 March 2021



....................................................
PROLEAD FINANCIAL SOLUTIONS UK LIMITED
4 Lower Hazeldines
Marston Moretaine
Bedford
MK43 0TF
26 November 2020
1
 
 		 Notes
 		 2021
£		   2020
£
Fixed assets      
Tangible fixed assets 2,750    4,915 
2,750    4,915 
Current assets      
Debtors 38,929    26,242 
Cash at bank and in hand 276,294    121,454 
315,223    147,696 
Creditors: amount falling due within one year (221,204)   (71,139)
Net current assets 94,019    76,557 
 
Total assets less current liabilities 96,769    81,472 
Creditors: amount falling due after more than one year (50,000)   0 
Net assets 46,769    81,472 
 

Capital and reserves 		     
Called up share capital 100    1 
Profit and loss account 46,669    81,471 
Shareholder's funds 46,769    81,472 
 


For the year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 26 November 2020 and were signed by:


--------------------------------
Ramachandra Rao YERNENI
Director
2
General Information
IBASE SOFTWARE SOLUTIONS PVT LIMITED is a private company, limited by shares, registered in , registration number 09504032, registration address 32 Frieston Road, Timperley, Altrincham, WA14 5AP

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25 Reducing Balance
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Staff Costs

2021   2020
 
Average number of employees during the year Number   Number
Administration 3    2 
3    2 

3.

Average number of employees

Average number of employees during the year was 3 (2020 : 2).
4.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2020 10,127    10,127 
Additions -    - 
Disposals -    - 
At 31 March 2021 10,127    10,127 
Depreciation
At 01 April 2020 5,212    5,212 
Charge for year 2,165    2,165 
On disposals -    - 
At 31 March 2021 7,377    7,377 
Net book values
Closing balance as at 31 March 2021 2,750    2,750 
Opening balance as at 01 April 2020 4,915    4,915 


5.

Share Capital

Allotted, called up and fully paid
2021
£		   2020
£
100 Class A shares of £1.00 each 100    100 
100    100 

3