SHYAMBIS INTERNATIONAL LTD
Statement of financial position
as at 28 February 2023
Investment property
-
168,240
Cash at bank and in hand
21,248
-
Creditors: amounts falling due within one year
(3,044)
(134,074)
Net current assets/(liabilities)
18,204
(134,074)
Total assets less current liabilities
18,204
34,166
Creditors: amounts falling due after more than one year
(19,490)
(35,673)
Net liabilities
(1,286)
(1,507)
Profit and loss account
(1,386)
(1,607)
Shareholders' funds
(1,286)
(1,507)
For the year ending 28 February 2023 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 his 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 17 November 2023 and were signed on its behalf by
Avik Biswas
Director
Company Registration No. 11212940
SHYAMBIS INTERNATIONAL LTD
Notes to the Accounts
for the year ended 28 February 2023
SHYAMBIS INTERNATIONAL LTD is a private company, limited by shares, registered in England and Wales, registration number 11212940. The registered office is 12 MANFORD CLOSE, CHIGWELL, IG7 4AP, UNITED KINGDOM.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 March 2022
168,240
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,608
107,751
Taxes and social security
3,336
-
Loans from directors
(9,900)
26,323
No security for the bounce back loan of £9,608 repayable in 1 year.
6
Creditors: amounts falling due after more than one year
2023
2022
No security for this remaining bounce back loan of 19,490.
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).