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Company Registration No. 10027249 (England and Wales)
Siddharth & Shourya Inc Ltd Unaudited accounts for the year ended 28 February 2023
Siddharth & Shourya Inc Ltd Unaudited accounts Contents
Page
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Siddharth & Shourya Inc Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
618 
1,237 
Current assets
Investments
30,000 
30,000 
Cash at bank and in hand
18,633 
3,553 
48,633 
33,553 
Creditors: amounts falling due within one year
(11,711)
(8,855)
Net current assets
36,922 
24,698 
Total assets less current liabilities
37,540 
25,935 
Creditors: amounts falling due after more than one year
(19,093)
(24,663)
Net assets
18,447 
1,272 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
18,437 
1,262 
Shareholders' funds
18,447 
1,272 
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 1 November 2023 and were signed on its behalf by
Mr Satyanarayana Josyula Director Company Registration No. 10027249
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Siddharth & Shourya Inc Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Siddharth & Shourya Inc Ltd is a private company, limited by shares, registered in England and Wales, registration number 10027249. The registered office is 17 Twist Way, Slough, SL2 2AY, 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.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
25% Straightline
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2022
5,682 
At 28 February 2023
5,682 
Depreciation
At 1 March 2022
4,445 
Charge for the year
619 
At 28 February 2023
5,064 
Net book value
At 28 February 2023
618 
At 28 February 2022
1,237 
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Siddharth & Shourya Inc Ltd Notes to the Accounts for the year ended 28 February 2023
5
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
30,000 
30,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
150 
102 
Taxes and social security
15,324 
11,672 
Other creditors
(3,763)
(2,919)
11,711 
8,855 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
19,093 
24,663 
8
Average number of employees
During the year the average number of employees was 1 (2022: 3).
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