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REGISTERED NUMBER: 08295996 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

SRIRAM ABHI LIMITED

SRIRAM ABHI LIMITED (REGISTERED NUMBER: 08295996)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022










Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SRIRAM ABHI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: Mr Praveen Kondapally
Mrs. Lavanya Gamsani





REGISTERED OFFICE: Subway
11 King Street
Watford
WD18 0BW





REGISTERED NUMBER: 08295996 (England and Wales)





ACCOUNTANTS: Agnon
Chartered Certified Accountants and
Registered Auditors
Kelvin House
Kelvin Way
Crawley
West Sussex
RH10 9WE

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SRIRAM ABHI 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 Sriram Abhi Limited for the year ended 30 November 2022 which comprise the Income Statement, Balance Sheet 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 Sriram Abhi 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 Sriram Abhi Limited and state those matters that we have agreed to state to the Board of Directors of Sriram Abhi 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 Sriram Abhi 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 Sriram Abhi Limited. You consider that Sriram Abhi 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 Sriram Abhi 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.






Agnon
Chartered Certified Accountants and
Registered Auditors
Kelvin House
Kelvin Way
Crawley
West Sussex
RH10 9WE


Date: .............................................

SRIRAM ABHI LIMITED (REGISTERED NUMBER: 08295996)

BALANCE SHEET
30 NOVEMBER 2022

2022 2021
Notes £    £   
FIXED ASSETS
Intangible assets 4 22,495 26,640
Tangible assets 5 233 -
22,728 26,640

CURRENT ASSETS
Stocks 3,750 8,500
Debtors 6 185,903 168,823
Cash at bank and in hand 42,916 55,946
232,569 233,269
CREDITORS
Amounts falling due within one year 7 (94,953 ) (77,588 )
NET CURRENT ASSETS 137,616 155,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,344

182,321

CREDITORS
Amounts falling due after more than one
year

8

(64,333

)

(93,745

)
NET ASSETS 96,011 88,576

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 96,009 88,574
SHAREHOLDERS' FUNDS 96,011 88,576

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SRIRAM ABHI LIMITED (REGISTERED NUMBER: 08295996)

BALANCE SHEET - continued
30 NOVEMBER 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 22 November 2023 and were signed on its behalf by:





Mr Praveen Kondapally - Director


SRIRAM ABHI LIMITED (REGISTERED NUMBER: 08295996)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022


1. STATUTORY INFORMATION

Sriram Abhi 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 8 (2021 - 9 ) .

SRIRAM ABHI LIMITED (REGISTERED NUMBER: 08295996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 December 2021 120,000 4,400 124,400
Additions - 8,500 8,500
At 30 November 2022 120,000 12,900 132,900
AMORTISATION
At 1 December 2021 96,000 1,760 97,760
Charge for year 12,000 645 12,645
At 30 November 2022 108,000 2,405 110,405
NET BOOK VALUE
At 30 November 2022 12,000 10,495 22,495
At 30 November 2021 24,000 2,640 26,640

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 55,277
Additions 259
At 30 November 2022 55,536
DEPRECIATION
At 1 December 2021 55,277
Charge for year 26
At 30 November 2022 55,303
NET BOOK VALUE
At 30 November 2022 233

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,543 463
Other debtors 184,360 168,360
185,903 168,823

SRIRAM ABHI LIMITED (REGISTERED NUMBER: 08295996)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 20,879 3,236
Taxation and social security 8,931 5,183
Other creditors 65,143 69,169
94,953 77,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Other creditors 64,333 93,745

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Praveen Kondapally.