Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseNo description of principal activity99trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09263579 2021-01-01 2021-12-31 09263579 2020-01-01 2020-12-31 09263579 2021-12-31 09263579 2020-12-31 09263579 c:Director1 2021-01-01 2021-12-31 09263579 c:Director1 2021-12-31 09263579 c:Director2 2021-01-01 2021-12-31 09263579 c:Director3 2021-01-01 2021-12-31 09263579 c:Director4 2021-01-01 2021-12-31 09263579 c:RegisteredOffice 2021-01-01 2021-12-31 09263579 d:PlantMachinery 2021-01-01 2021-12-31 09263579 d:PlantMachinery 2021-12-31 09263579 d:PlantMachinery 2020-12-31 09263579 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09263579 d:FurnitureFittings 2021-01-01 2021-12-31 09263579 d:FurnitureFittings 2021-12-31 09263579 d:FurnitureFittings 2020-12-31 09263579 d:FurnitureFittings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09263579 d:ComputerEquipment 2021-01-01 2021-12-31 09263579 d:ComputerEquipment 2021-12-31 09263579 d:ComputerEquipment 2020-12-31 09263579 d:ComputerEquipment d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09263579 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 09263579 d:CurrentFinancialInstruments 2021-12-31 09263579 d:CurrentFinancialInstruments 2020-12-31 09263579 d:Non-currentFinancialInstruments 2021-12-31 09263579 d:Non-currentFinancialInstruments 2020-12-31 09263579 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09263579 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 09263579 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 09263579 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 09263579 d:ShareCapital 2021-12-31 09263579 d:ShareCapital 2020-12-31 09263579 d:RetainedEarningsAccumulatedLosses 2021-12-31 09263579 d:RetainedEarningsAccumulatedLosses 2020-12-31 09263579 c:FRS102 2021-01-01 2021-12-31 09263579 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 09263579 c:FullAccounts 2021-01-01 2021-12-31 09263579 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
Company registration number: 09263579







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2021


SHREE BALAJI LIMITED






































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SHREE BALAJI LIMITED
 


 
COMPANY INFORMATION


Directors
Dr A Jani (resigned 10 July 2021)
Mrs L A Jani 
Miss G Ghabat 
Ms J Aluri 




Registered number
09263579



Registered office
464 Alexandra Avenue

Harrow

Middlesex

HA2 9TL




Accountants
Menzies LLP
Chartered Accountants

Centrum House

36 Station Road

Egham

Surrey

TW20 9LF





 


SHREE BALAJI LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6


 


SHREE BALAJI LIMITED
REGISTERED NUMBER:09263579



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,057
8,543

  
7,057
8,543

Current assets
  

Stocks
  
600
1,328

Debtors: amounts falling due within one year
 5 
9,772
39,282

Cash at bank and in hand
  
37,897
54,036

  
48,269
94,646

Creditors: amounts falling due within one year
 6 
(103,826)
(117,257)

Net current liabilities
  
 
 
(55,557)
 
 
(22,611)

Total assets less current liabilities
  
(48,500)
(14,068)

Creditors: amounts falling due after more than one year
 7 
(34,821)
(43,226)

  

Net liabilities
  
(83,321)
(57,294)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(83,421)
(57,394)

  
(83,321)
(57,294)


Page 1

 


SHREE BALAJI LIMITED
REGISTERED NUMBER:09263579


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms J Aluri
Director

Date: 1 September 2022

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SHREE BALAJI LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Shree Balaji Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had net liabilities of £83,321 (2020: £57,294).. 
However, the directors have concluded that the Company has adequate resources to continue operational existence for the foreseeable future. For this reason, the Company continues to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

 
2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

Page 3

 


SHREE BALAJI LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
straight - line
Fixtures and fittings
-
20%
straight - line
Computer equipment
-
20%
straight - line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2020 - 9).

Page 4

 


SHREE BALAJI LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

4.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2021
98,135
1,553
1,856
101,544



At 31 December 2021

98,135
1,553
1,856
101,544



Depreciation


At 1 January 2021
89,735
1,553
1,713
93,001


Charge for the year on owned assets
1,438
-
48
1,486



At 31 December 2021

91,173
1,553
1,761
94,487



Net book value



At 31 December 2021
6,962
-
95
7,057



At 31 December 2020
8,400
-
143
8,543


5.


Debtors

2021
2020
£
£


Trade debtors
-
400

Other debtors
8,000
26,913

Prepayments and accrued income
1,772
11,969

9,772
39,282



6.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
9,666
7,969

Trade creditors
17,449
9,657

Other taxation and social security
12,735
8,891

Other creditors
58,108
85,561

Accruals and deferred income
5,868
5,179

103,826
117,257


Page 5

 


SHREE BALAJI LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
34,821
43,226

34,821
43,226


The loan amount of £50,000, included within creditors, is guaranteed under the Bounce Back Loan Scheme (BBLS)
by the UK Government. An amount of £34,821 is not due for repayment until greater than 1 year.

 
Page 6