SRI DEV LTD
Registered number: 09411005
Unaudited Financial Statements
For The Year Ended
31 January 2023
TaxAssist Accountants
SRI DEV LTD
Unaudited Financial Statements
For The Year Ended
31 January 2023
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Page 1
SRI DEV LTD
Balance Sheet
As At
31 January 2023
Balance Sheet
Registered number:
09411005
For the year ending 31 January 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
2023 | 2022 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 4 |
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CURRENT ASSETS | |||||
Debtors | 5 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 6 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 8 |
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Revaluation reserve | 9 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 211,607 | 204,119 | |||
Page 1
Page 2
SRI DEV LTD
Balance Sheet (continued)
As At
31 January 2023
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
SRI DEV LTD
Notes to the Financial Statements
For The Year Ended
31 January 2023
Notes to the Financial Statements
1.
General Information
SRI DEV LTD
is a private company, limited by shares, incorporated in England & Wales, registered number
09411005
. The registered office is 2 Oriel Court, Sale, M33 7DF.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold |
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Fixtures & Fittings |
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3.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 4 (2022: 4)
4.
Tangible Assets
Land & Property | |||
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Freehold | Fixtures & Fittings | Total | |
£ | £ | £ | |
Cost | |||
As at
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As at
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Depreciation | |||
As at
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As at
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Net Book Value | |||
As at
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As at
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Page 3
Page 4
SRI DEV LTD
Notes to the Financial Statements (continued)
For The Year Ended
31 January 2023
5.
Debtors
2023 | 2022 | ||
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£ | £ | ||
Due within one year | |||
Prepayments and accrued income |
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Other debtors |
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6.
Creditors: Amounts Falling Due Within One Year
2023 | 2022 | ||
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£ | £ | ||
Trade creditors |
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Accruals and deferred income |
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Directors' loan accounts |
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7.
Creditors: Amounts Falling Due After More Than One Year
2023 | 2022 | ||
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£ | £ | ||
Bank loan more than 1 Yr - Lloyds Loan 7018 |
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Bank loan more than 1 Yr - SBI Loan 0001 |
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Loan - more than 1 year - Lloyds BBL 3303 |
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Fleet Mortgage |
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8.
Share Capital
2023 | 2022 | ||
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£ | £ | ||
Allotted, Called up and fully paid |
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9.
Reserves
Revaluation Reserve | |
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£ | |
As at
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As at
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Page 4