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Registered Number: 12346352
England and Wales

 

 

 

RAGA IT SOLUTIONS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
  2023   2022
    £ £   £ £
Fixed assets   2,534      1,337 
Current assets 61,667      66,203   
Creditors: amount falling due within one year (19,062)     (26,794)  
Net current assets   42,605      39,409 
Total assets less current liabilities   45,139      40,746 
Creditors: amount falling due after more than one year   (35,986)     (40,000)
Net assets   9,153      746 
 

         
Capital and reserves   9,153      746 
 
NOTES TO THE ACCOUNTS

General Information
RAGA IT SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12346352, registration address Office Gold, Building 3, Chiswick Park, , 566 Chiswick High Road, London, W4 5YA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 18 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 April 2022 1,988    1,988 
Additions 1,607    1,607 
Disposals  
At 31 March 2023 3,595    3,595 
Depreciation
At 01 April 2022 651    651 
Charge for year 410    410 
On disposals  
At 31 March 2023 1,061    1,061 
Net book values
Closing balance as at 31 March 2023 2,534    2,534 
Opening balance as at 01 April 2022 1,337    1,337 


3.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 16 October 2023 and were signed on its behalf by:


--------------------------------
Mr. Gangadhara Gurappa
Director
1