IRIS Accounts Production v22.2.0.402 07252239 Board of Directors Board of Directors 1.6.21 31.5.22 31.5.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure072522392021-05-31072522392022-05-31072522392021-06-012022-05-31072522392020-05-31072522392020-06-012021-05-31072522392021-05-3107252239ns16:EnglandWales2021-06-012022-05-3107252239ns15:PoundSterling2021-06-012022-05-3107252239ns11:Director12021-06-012022-05-3107252239ns11:Director22021-06-012022-05-3107252239ns11:PrivateLimitedCompanyLtd2021-06-012022-05-3107252239ns11:SmallEntities2021-06-012022-05-3107252239ns11:AuditExemptWithAccountantsReport2021-06-012022-05-3107252239ns11:SmallCompaniesRegimeForDirectorsReport2021-06-012022-05-3107252239ns11:SmallCompaniesRegimeForAccounts2021-06-012022-05-3107252239ns11:FullAccounts2021-06-012022-05-3107252239ns11:RegisteredOffice2021-06-012022-05-3107252239ns6:CurrentFinancialInstruments2022-05-3107252239ns6:CurrentFinancialInstruments2021-05-3107252239ns6:Non-currentFinancialInstruments2022-05-3107252239ns6:Non-currentFinancialInstruments2021-05-3107252239ns6:ShareCapital2022-05-3107252239ns6:ShareCapital2021-05-3107252239ns6:RetainedEarningsAccumulatedLosses2022-05-3107252239ns6:RetainedEarningsAccumulatedLosses2021-05-3107252239ns6:FurnitureFittings2021-06-012022-05-3107252239ns6:MotorVehicles2021-06-012022-05-3107252239ns6:FurnitureFittings2021-05-3107252239ns6:MotorVehicles2021-05-3107252239ns6:FurnitureFittings2022-05-3107252239ns6:MotorVehicles2022-05-3107252239ns6:FurnitureFittings2021-05-3107252239ns6:MotorVehicles2021-05-3107252239ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3107252239ns6:WithinOneYearns6:CurrentFinancialInstruments2021-05-31
REGISTERED NUMBER: 07252239 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2022

FOR

R V LAKSHMANAN LIMITED

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

R V LAKSHMANAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2022







DIRECTORS: Dr R V Lakshmanan
Mrs M P Shenbaganandam





REGISTERED OFFICE: Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD





REGISTERED NUMBER: 07252239 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

BALANCE SHEET
31 MAY 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,184 -
Investments 5 8,821 13,858
53,005 13,858

CURRENT ASSETS
Debtors 6 122,403 122,403
Cash at bank 125,899 98,196
248,302 220,599
CREDITORS
Amounts falling due within one year 7 22,868 17,211
NET CURRENT ASSETS 225,434 203,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,439

217,246

CREDITORS
Amounts falling due after more than
one year

8

-

(25,000

)

PROVISIONS FOR LIABILITIES (8,395 ) -
NET ASSETS 270,044 192,246

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 270,038 192,240
SHAREHOLDERS' FUNDS 270,044 192,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

BALANCE SHEET - continued
31 MAY 2022


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 July 2022 and were signed on its behalf by:




Dr R V Lakshmanan - Director



Mrs M P Shenbaganandam - Director


R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2022

1. STATUTORY INFORMATION

R V Lakshmanan 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 June 2021 1,509 - 1,509
Additions 2,491 56,090 58,581
At 31 May 2022 4,000 56,090 60,090
DEPRECIATION
At 1 June 2021 1,509 - 1,509
Charge for year 374 14,023 14,397
At 31 May 2022 1,883 14,023 15,906
NET BOOK VALUE
At 31 May 2022 2,117 42,067 44,184
At 31 May 2021 - - -

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2022 2021
£    £   
Cost/valuation b/f 13,858 2,002
Investment (Cryptocurrency) 1,434 -
Investment fair value (6,471 ) 11,856
8,821 13,858

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 122,403 -
Other debtors - 122,403
122,403 122,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 21,876 14,434
Other creditors 992 2,777
22,868 17,211

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 25,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 May 2022 an amount of £272 (2021 £2,117) was due to the directors, which amount is included within creditors on the balance sheet.

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2022

10. RELATED PARTY DISCLOSURES

At 31 May 2022, an amount of £122,403 (2021 £122,403) was due from Kural Ltd, which amount is included within debtors on the balance sheet.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R V Lakshmanan and M P Shenbaganandam.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R V LAKSHMANAN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R V Lakshmanan Limited for the year ended 31 May 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of R V Lakshmanan Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R V Lakshmanan Limited and state those matters that we have agreed to state to the Board of Directors of R V Lakshmanan Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R V Lakshmanan Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R V Lakshmanan Limited. You consider that R V Lakshmanan Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R V Lakshmanan Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD


12 July 2022