Vrddhi Limited - Period Ending 2017-06-30
Vrddhi Limited - Period Ending 2017-06-30
Registration number:
Vrddhi Limited
for the Year Ended 30 June 2017
5 Chargot Road
Llandaff
Cardiff
CF5 1EW
Vrddhi Limited
Contents
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Company Information |
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Profit and Loss Account |
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Balance Sheet |
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Notes to the Financial Statements |
Vrddhi Limited
Company Information
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Directors |
Swapna Fernandez Mathew Verghese |
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Registered office |
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Accountants |
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Page 1 |
Vrddhi Limited
Profit and Loss Account for the Year Ended 30 June 2017
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Note |
2017 |
2016 |
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Turnover |
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- |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
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( |
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Profit/(loss) before tax |
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( |
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Profit/(loss) for the financial year |
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( |
The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
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Page 2 |
Vrddhi Limited
(Registration number: 8585167)
Balance Sheet as at 30 June 2017
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Note |
2017 |
2016 |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Total equity |
( |
( |
For the financial year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Swapna Fernandez
Director
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Page 3 |
Vrddhi Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
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General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Tax
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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Page 4 |
Vrddhi Limited
Notes to the Financial Statements for the Year Ended 30 June 2017
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Creditors |
Creditors: amounts falling due within one year
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2017 |
2016 |
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Due within one year |
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Accruals and deferred income |
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Corporation tax |
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Page 5 |