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REGISTERED NUMBER: 07651555 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Sharada Consulting Limited

Sharada Consulting Limited (Registered number: 07651555)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sharada Consulting Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: H Laddunuri





SECRETARY:





REGISTERED OFFICE: 7 Abbotsbury Close
Manchester
London
M12 5EQ





REGISTERED NUMBER: 07651555 (England and Wales)





ACCOUNTANTS: Taxpoint Direct Limited
Chartered Certified Accountants &Tax Consultants
310E Sterling House
Langston Road
Loughton
IG10 3TS

Sharada Consulting Limited (Registered number: 07651555)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 816 1,088

CURRENT ASSETS
Debtors 5 4,891 3,121
Investments 6 59,000 28,000
Cash at bank and in hand 16,950 37,153
80,841 68,274
CREDITORS
Amounts falling due within one year 7 18,693 16,202
NET CURRENT ASSETS 62,148 52,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,964

53,160

CREDITORS
Amounts falling due after more than one
year

8

22,452

28,922
NET ASSETS 40,512 24,238

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 40,412 24,138
SHAREHOLDERS' FUNDS 40,512 24,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sharada Consulting Limited (Registered number: 07651555)

Balance Sheet - continued
31 May 2023


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 director and authorised for issue on 15 February 2024 and were signed by:





H Laddunuri - Director


Sharada Consulting Limited (Registered number: 07651555)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Sharada Consulting 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.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Sharada Consulting Limited (Registered number: 07651555)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 4,199
DEPRECIATION
At 1 June 2022 3,111
Charge for year 272
At 31 May 2023 3,383
NET BOOK VALUE
At 31 May 2023 816
At 31 May 2022 1,088

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 4,891 3,121

6. CURRENT ASSET INVESTMENTS
31.5.23 31.5.22
£    £   
Unlisted investments 59,000 28,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - (1 )
Tax 12,308 11,284
Social security and other taxes 33 -
VAT 6,057 4,592
Directors' current accounts 295 327
18,693 16,202

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans more 5 yr by instal 22,452 28,922

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,452 28,922