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Company Registration No. 08061772 (England and Wales)
S M Gandhi Limited Filleted accounts for the year ended 31 August 2021
S M Gandhi Limited Filleted accounts Contents
Page
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S M Gandhi Limited Company Information for the year ended 31 August 2021
Director
Sneha Gandhi
Company Number
08061772 (England and Wales)
Registered Office
62 Wyaston Road Ashbourne Derbyshire DE6 1NB
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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S M Gandhi Limited Statement of financial position as at 31 August 2021
2021 
2020 
Notes
£ 
£ 
Current assets
Debtors
439 
- 
Cash at bank and in hand
24,979 
98,299 
25,418 
98,299 
Creditors: amounts falling due within one year
(15,238)
(78,965)
Net current assets
10,180 
19,334 
Net assets
10,180 
19,334 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
10,080 
19,234 
Shareholders' funds
10,180 
19,334 
For the year ending 31 August 2021 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 May 2022 and were signed on its behalf by
Sneha Gandhi Director Company Registration No. 08061772
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S M Gandhi Limited Notes to the Accounts for the year ended 31 August 2021
1
Statutory information
S M Gandhi Limited is a private company, limited by shares, registered in England and Wales, registration number 08061772. The registered office is 62 Wyaston Road, Ashbourne, Derbyshire, DE6 1NB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
Other debtors
439 
- 
5
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
57 
57 
Trade creditors
1,006 
- 
Taxes and social security
7,655 
8,670 
Other creditors
5,388 
69,400 
Accruals
1,132 
838 
15,238 
78,965 
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S M Gandhi Limited Notes to the Accounts for the year ended 31 August 2021
6
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
99 A Ordinary shares of £1 each
99 
99 
1 B Ordinary shares of £1 each
1 
1 
100 
100 
7
Average number of employees
During the year the average number of employees was 1 (2020: 2).
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