Nityam Technologies Ltd


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Registered number: 07334065
Nityam Technologies Ltd
Abbreviated accounts
For The Year Ended 31 August 2016
Accma Accountants

Chartered Certified Accountants
328 Linen Hall
162-168 Regent Street
London
W1B 5TD
Abbreviated Balance Sheet
2016 2015
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5,818 1,693
Cash at bank and in hand 24,849 25,696
30,667 27,389
Creditors: Amounts Falling Due Within One Year (18,280 ) (16,385 )
NET CURRENT ASSETS (LIABILITIES) 12,387 11,004
TOTAL ASSETS LESS CURRENT LIABILITIES 12,387 11,004
NET ASSETS 12,387 11,004
CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and Loss Account 12,287 10,904
SHAREHOLDERS' FUNDS 12,387 11,004
For the year ending 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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 abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
Mr Srikanth Gollapudi
05/05/2017
Notes to the Abbreviated Accounts
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. 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:
Computer Equipment 25% on cost
2. Tangible Assets
Total
Cost £
As at 1 September 2015 400
Disposals (400 )
As at 31 August 2016 -
Depreciation
As at 1 September 2015 400
Disposals (400 )
As at 31 August 2016 -
Net Book Value
As at 31 August 2016 -
As at 1 September 2015 -
3. Share Capital
Value Number 2016 2015
Allotted, called up and fully paid £ £ £
Ordinary shares 100.000 1 100 100
4. Transactions With and Loans to Directors
Dividends paid to directors
2016 2015
£ £
Mr Srikanth Gollapudi - 19,300
5. Ultimate Controlling Party
The company's ultimate controlling party is Mr S Gollapudi by virtue of his ownership of 100% of the issued share capital in the company.
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