Company Registration No. 05038752 (England and Wales)
Ratnam & Co Ltd
Unaudited accounts
for the year ended 28 February 2023
Ratnam & Co Ltd
Unaudited accounts
Contents
Ratnam & Co Ltd
Company Information
for the year ended 28 February 2023
Company Number
05038752 (England and Wales)
Registered Office
203 Kilburn High Road
London
NW6 7HY
Accountants
Ratnam & Co Ltd
203 Kilburn High Road
London
NW6 7HY
Ratnam & Co Ltd
Statement of financial position
as at 28 February 2023
Tangible assets
23,067
24,317
Cash at bank and in hand
310,496
132,606
Creditors: amounts falling due within one year
(388,044)
(240,734)
Net current assets
20,373
15,085
Total assets less current liabilities
43,440
39,402
Creditors: amounts falling due after more than one year
(34,259)
(39,035)
Called up share capital
100
100
Profit and loss account
9,081
267
Shareholders' funds
9,181
367
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 5 April 2023 and were signed on its behalf by
Gopin Rajaratnam
Director
Company Registration No. 05038752
Ratnam & Co Ltd
Notes to the Accounts
for the year ended 28 February 2023
Ratnam & Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 05038752. The registered office is 203 Kilburn High Road, London, NW6 7HY.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
30,345
21,019
51,364
At 28 February 2023
30,915
24,965
55,880
At 1 March 2022
17,692
9,355
27,047
Charge for the year
2,644
3,122
5,766
At 28 February 2023
20,336
12,477
32,813
At 28 February 2023
10,579
12,488
23,067
At 28 February 2022
12,653
11,664
24,317
Ratnam & Co Ltd
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
Trade debtors
81,359
112,362
Other debtors
16,562
10,851
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,556
5,555
Trade creditors
17,259
10,124
Taxes and social security
5,219
696
Other creditors
112,670
44,554
Loans from directors
222,575
156,260
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).