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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
Page
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Ratnam & Co Ltd Company Information for the year ended 28 February 2023
Director
Gopin Rajaratnam
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
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Ratnam & Co Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,067 
24,317 
Current assets
Debtors
97,921 
123,213 
Cash at bank and in hand
310,496 
132,606 
408,417 
255,819 
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)
Net assets
9,181 
367 
Capital and reserves
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
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Ratnam & Co Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
570 
3,946 
4,516 
At 28 February 2023
30,915 
24,965 
55,880 
Depreciation
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 
Net book value
At 28 February 2023
10,579 
12,488 
23,067 
At 28 February 2022
12,653 
11,664 
24,317 
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Ratnam & Co Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
81,359 
112,362 
Other debtors
16,562 
10,851 
97,921 
123,213 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,556 
5,555 
VAT
24,765 
23,545 
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 
388,044 
240,734 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,259 
39,035 
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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