SRI DEV LTD

SRI DEV LTD

SRI DEV LTD - Company Information

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SRI DEV LTD

Company Registration Number:
09411005 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2018

Period of accounts

Start date: 01 February 2017

End date: 31 January 2018

SRI DEV LTD

Contents of the Financial Statements

for the Period Ended 31 January 2018

Balance sheet
Notes

SRI DEV LTD

Balance sheet

As at 31 January 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 843,103 488,947
Total fixed assets: 843,103 488,947
Current assets
Debtors:     23
Cash at bank and in hand: 528 18,325
Investments:   182,000
Total current assets: 182,528 18,348
Creditors: amounts falling due within one year:   (666,719) (543,250)
Net current assets (liabilities): (484,191) (524,902)
Total assets less current liabilities: 358,912 (35,955)
Creditors: amounts falling due after more than one year:   (259,932)
Total net assets (liabilities): 98,980 (35,955)
Capital and reserves
Called up share capital: 5 5
Revaluation reserve:3164,0520
Profit and loss account: (65,077) (35,960)
Shareholders funds: 98,980 (35,955)

The notes form part of these financial statements

SRI DEV LTD

Balance sheet statements

For the year ending 31 January 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 October 2018
and signed on behalf of the board by:

Name: Anand R Chinthala
Status: Director

The notes form part of these financial statements

SRI DEV LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discountsand value added taxes. Turnover includes revenue earned from the sale of goods and from therendering of services. Turnover from the sale of goods is recognised when the significant risksand rewards of ownership of the goods have transferred to the buyer. Turnover from the renderingof services is recognised by reference to the stage of completion of the contract. The stage ofcompletion of a contract is measured by comparing the costs incurred for work performed to dateto the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulativeimpairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,at rates calculated to write off the cost, less estimated residual value, of each asset evenly over itsexpected useful life, as follows:Freehold buildings over 50 yearsLeasehold land and buildings over the lease termPlant and machinery over 5 yearsFixtures, fittings, tools and equipment over 5 years

SRI DEV LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

2. Tangible Assets

Total
Cost £
At 01 February 2017 490,447
Additions 191,304
Revaluations 164,052
At 31 January 2018 845,803
Depreciation
At 01 February 2017 1,500
Charge for year 1,200
At 31 January 2018 2,700
Net book value
At 31 January 2018 843,103
At 31 January 2017 488,947

SRI DEV LTD

Notes to the Financial Statements

for the Period Ended 31 January 2018

3. Revaluation reserve

2018
£
Balance at 01 February 2017 0
Surplus or deficit after revaluation 164,052
Balance at 31 January 2018 164,052