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Registered Number: 08433262
England and Wales

 

 

 

RANA TECHNOLOGIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023
Director Mr Natarajan Ramasubrahmanian
Registered Number 08433262
Registered Office Flat 1904 Rahpael House
Ilford
Essex
IG1 1YT
Accountants 3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
1
Director's report and financial statements
The director presents their annual report and the financial statements for the year ended 31 March 2023.
Principal activities
Principal activity of the company during the financial year was of information technology consultancy.
Director
The director who served the company throughout the year was as follows:
Mr Natarajan Ramasubrahmanian
Statement of director's responsibilities
The director is responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Mr Natarajan Ramasubrahmanian
Director

Date approved: 23 December 2023
2
Report to the directors on the preparation of the unaudited statutory accounts of Rana Technologies Limited for the year ended 31 March 2023 . In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Rana Technologies Limited for the year ended 31 March 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 companys 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 Rana Technologies Limited, as a body, in accordance with the terms of our engagement letter dated 11 September 2018 Our work has been undertaken solely to prepare for your approval the accounts of Rana Technologies Limited and state those matters that we have agreed to state to the Board of Directors of Rana Technologies 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 Rana Technologies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Rana Technologies 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 Rana Technologies Limited. You consider that Rana Technologies 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 Rana Technologies 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 31 March 2023



....................................................
3E'S Accountants Limited
231 Kenton Road
Harrow
Middlesex
England
HA3 0HD
23 December 2023
3
 
 
Notes
 
2023
£
  2022
£
Turnover 13,550   
Gross profit 13,550   
Administrative expenses (14,499)   (1,418)
Operating loss (949)   (1,418)
Other interest receivable and similar income 2,267    4,534 
Interest payable and similar charges (449)   (704)
Profit/(Loss) on ordinary activities before taxation 869    2,412 
Tax on profit on ordinary activities (165)   (458)
Profit/(Loss) for the financial year 704    1,954 
 
4
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 3 67,998    68,198 
Cash at bank and in hand 5,569    756 
73,567    68,954 
Creditors: amount falling due within one year 4 (57,846)   (48,026)
Net current assets 15,721    20,928 
 
Total assets less current liabilities 15,721    20,928 
Creditors: amount falling due after more than one year 5 (14,280)   (20,190)
Net assets 1,441    738 
 

Capital and reserves
     
Called up share capital 149    149 
Profit and loss account 1,292    589 
Shareholder's funds 1,441    738 
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 financial statements were approved by the director on 23 December 2023 and were signed by:


-------------------------------
Mr Natarajan Ramasubrahmanian
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 April 2021 149  (1,365) (1,216)
Profit for the year 1,954  1,954 
Total comprehensive income for the year 1,954  1,954 
Total investments by and distributions to owners
At 31 March 2022 149  589  738 
At 01 April 2022 149  588  737 
Profit for the year 704  704 
Total comprehensive income for the year 704  704 
Total investments by and distributions to owners
At 31 March 2023 149  1,292  1,441 
6
General Information
Rana Technologies Limited is a private company, limited by shares, registered in England and Wales, registration number 08433262, registration address Flat 1904 Rahpael House, Ilford, Essex, IG1 1YT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
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
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Debtors: amounts falling due within one year

2023
£
  2022
£
Inter-co. Rana Property Investment Limited 67,905    68,198 
VAT 93   
67,998    68,198 

4.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 48   
Corporation Tax 5,390    7,298 
PAYE & Social Security   314 
Directors' Current Accounts 52,408    40,414 
57,846    48,026 

5.

Creditors: amount falling due after more than one year

2023
£
  2022
£
BBL Loan 14,280    20,190 
14,280    20,190 

7