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Registered Number: 06492105
England and Wales

 

 

 

SUMI RATNAM & CO LIMITED


Abridged Accounts
 


Period of accounts

Start date: 27 February 2022

End date: 26 February 2023
Report to the directors on the preparation of the unaudited statutory accounts of SUMI RATNAM & CO LIMITED for the year ended 26 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SUMI RATNAM & CO LIMITED for the year ended 26 February 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity 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://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of SUMI RATNAM & CO LIMITED, as a body, in accordance with the terms of our engagement letter dated 15 February 2017 Our work has been undertaken solely to prepare for your approval the accounts of SUMI RATNAM & CO LIMITED and state those matters that we have agreed to state to the Board of Directors of SUMI RATNAM & CO 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 SUMI RATNAM & CO LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SUMI RATNAM & CO LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SUMI RATNAM & CO LIMITED. You consider that SUMI RATNAM & CO 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 accounts of SUMI RATNAM & CO 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 accounts
26 February 2023



....................................................
RAGAVAN AND CO LTD
CHARTERED CERTIFIED ACCOUNTANTS
240 GROVE LANE
BIRMINGHAM
WEST MIDLANDS
B20 2EY
16 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 14,680    17,270 
14,680    17,270 
Current assets      
Debtors 29,874    32,990 
Cash at bank and in hand 17,713    13,044 
47,587    46,034 
Creditors: amount falling due within one year (62,033)   (62,132)
Net current liabilities (14,446)   (16,098)
 
Total assets less current liabilities 234    1,172 
Net assets 234    1,172 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 134    1,072 
Shareholder's funds 234    1,172 
 


For the year ended 26 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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 financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 16 November 2023 and were signed on its behalf by:


-------------------------------
D S RATNAM
Director
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General Information
SUMI RATNAM & CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06492105, registration address 240 GROVE LANE, HANDSWORTH, BIRMINGHAM, WEST MIDLANDS, B20 2EY. The trading address of the company is COTSWOLD BARNET LANE, ELSTREE, BOREHAMWOOD, HERTFORDSHIRE, WD6 3RQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
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:
Plant and Machinery 15% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 27 February 2022 62,358    62,358 
Additions  
Disposals  
At 26 February 2023 62,358    62,358 
Depreciation
At 27 February 2022 45,088    45,088 
Charge for year 2,590    2,590 
On disposals  
At 26 February 2023 47,678    47,678 
Net book values
Closing balance as at 26 February 2023 14,680    14,680 
Opening balance as at 27 February 2022 17,270    17,270 


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