Shri Gajanan Technologies Limited - Accounts

Shri Gajanan Technologies Limited - Accounts

SHRI GAJANAN TECHNOLOGIES LIMITED - Company Information

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Registered Number: 10955211
England and Wales

 

 

 

SHRI GAJANAN TECHNOLOGIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

Shri Gajanan Technologies Limited
Contents Page
For the year ended 30 September 2022
Registered Number 10955211
Registered Office 24 Sandhurst Avenue
Surbiton England
KT5 9BS
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
Secretary Varsha Vyas
1
Director's report and financial statements
The director presents annual report and the financial statements for the year ended 30 September 2022
Principal activities
The principal activity of the company for the period under review was that of Information technology consultancy.
Director
The director who served the company throughout the year was as follows:
Rakesh Vyas
Statement of director's responsibilities
The director is responsible for preparing the directors report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Rakesh Vyas
Director

Date approved: 23 May 2023
2
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 1,272    1,973 
1,272    1,973 
Current assets      
Debtors 4 23,923    10,545 
Cash at bank and in hand 53,088    64,137 
77,011    74,682 
Creditors: amount falling due within one year 5 (27,654)   (21,903)
Net current assets 49,357    52,779 
 
Total assets less current liabilities 50,629    54,752 
Provisions for liabilities 6 (243)   (376)
Net assets 50,386    54,376 
 

Capital and reserves 		     
Called up share capital 200    200 
Profit and loss account 50,186    54,176 
Shareholder's funds 50,386    54,376 
 


For the year ended 30 September 2022 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 director acknowledges 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 financial statements were approved by the director on 23 May 2023 and were signed by:


--------------------------------
Rakesh Vyas
Director
3
General Information
Shri Gajanan Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 10955211, registration address 24 Sandhurst Avenue, Surbiton England, KT5 9BS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
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
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
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 33.33 %
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2021 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 October 2021 6,657    6,657 
Additions 874    874 
Disposals -    - 
At 30 September 2022 7,531    7,531 
Depreciation
At 01 October 2021 4,684    4,684 
Charge for year 1,575    1,575 
On disposals -    - 
At 30 September 2022 6,259    6,259 
Net book values
Closing balance as at 30 September 2022 1,272    1,272 
Opening balance as at 01 October 2021 1,973    1,973 


4.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 11,550    10,450 
Accrued Income 12,100    - 
VAT 273    95 
23,923    10,545 

5.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors 280    130 
Corporation Tax 16,823    18,569 
Directors' Current Accounts 10,551    3,204 
27,654    21,903 

6.

Provisions for liabilities

2022
£		   2021
£
Deferred Tax 243    376 
243    376 

4