Registered number
12721924
Suhrad Limited
Filleted Accounts
31 July 2023
Suhrad Limited
Registered number: 12721924
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 48,575 55,275
Tangible assets 4 15,723 17,090
64,298 72,365
Current assets
Stocks 26,749 26,749
Cash at bank and in hand 9,009 11,421
35,758 38,170
Creditors: amounts falling due within one year 5 (8,765) (9,444)
Net current assets 26,993 28,726
Total assets less current liabilities 91,291 101,091
Creditors: amounts falling due after more than one year 6 (88,387) (98,387)
Net assets 2,904 2,704
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,804 2,604
Shareholders' funds 2,904 2,704
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Sunilkumar Narendrakumar Joshi
Director
Approved by the board on 8 April 2024
Suhrad Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% On Reducing Balance
Fixtures, fittings, tools and equipment 20% On Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2022 67,000
At 31 July 2023 67,000
Amortisation
At 1 August 2022 11,725
Provided during the year 6,700
At 31 July 2023 18,425
Net book value
At 31 July 2023 48,575
At 31 July 2022 55,275
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Leasehold Property Plant and machinery etc Total
£ £ £
Cost
At 1 August 2022 10,000 13,000 23,000
Additions - 1,475 1,475
At 31 July 2023 10,000 14,475 24,475
Depreciation
At 1 August 2022 1,750 4,160 5,910
Charge for the year 1,000 1,842 2,842
At 31 July 2023 2,750 6,002 8,752
Net book value
At 31 July 2023 7,250 8,473 15,723
At 31 July 2022 8,250 8,840 17,090
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,654 471
Taxation and social security costs 5,896 7,760
Other creditors 1,215 1,213
8,765 9,444
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 88,387 98,387
7 Other information
Suhrad Limited is a private company limited by shares and incorporated in England. Its registered office is:
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