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REGISTERED NUMBER: 07252239 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

R V LAKSHMANAN LIMITED

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)






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


R V LAKSHMANAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Dr R V Lakshmanan
Mrs M P Shenbaganandam





REGISTERED OFFICE: Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD





REGISTERED NUMBER: 07252239 (England and Wales)





ACCOUNTANTS: Crowfoot & Co Accountants Ltd
Lonsdale House
High Street
Lutterworth
Leicestershire
LE17 4AD

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,190 44,184
Investments 5 63,792 8,821
97,982 53,005

CURRENT ASSETS
Debtors 6 125,403 122,403
Cash at bank 190,464 125,899
315,867 248,302
CREDITORS
Amounts falling due within one year 7 36,444 22,868
NET CURRENT ASSETS 279,423 225,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,405

278,439

PROVISIONS FOR LIABILITIES 6,496 8,395
NET ASSETS 370,909 270,044

CAPITAL AND RESERVES
Called up share capital 8 6
Retained earnings 370,901 270,038
SHAREHOLDERS' FUNDS 370,909 270,044

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 directors acknowledge their 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.

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

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 Board of Directors and authorised for issue on 5 October 2023 and were signed on its behalf by:




Dr R V Lakshmanan - Director



Mrs M P Shenbaganandam - Director


R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

R V Lakshmanan 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.
Equipment - 15% on reducing balance
Motor vehicles - 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Motor
Equipment vehicles Totals
£    £    £   
COST
At 1 June 2022 4,000 56,090 60,090
Additions 989 - 989
At 31 May 2023 4,989 56,090 61,079
DEPRECIATION
At 1 June 2022 1,883 14,023 15,906
Charge for year 466 10,517 10,983
At 31 May 2023 2,349 24,540 26,889
NET BOOK VALUE
At 31 May 2023 2,640 31,550 34,190
At 31 May 2022 2,117 42,067 44,184

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Other investments not loans 58,821 8,821
Other loans 4,971 -
63,792 8,821

Additional information is as follows:
Other
investments
£   
COST
Additions 50,000
At 31 May 2023 50,000
NET BOOK VALUE
At 31 May 2023 50,000

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Cost/valuation b/f 8,821 13,858
Investment (Cryptocurrency) - 1,434
Investment fair value - (6,471 )
8,821 8,821
Investments
(Gold)
£   
New in year 4,971
At 31 May 2023 4,971

R V LAKSHMANAN LIMITED (REGISTERED NUMBER: 07252239)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 122,403 122,403
Other debtors 3,000 -
125,403 122,403

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 34,836 21,876
Other creditors 1,608 992
36,444 22,868

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 31 May 2023 an amount of £768 (2022 £272) was due to the directors, which amount is included within creditors on the balance sheet.

9. RELATED PARTY DISCLOSURES

At 31 May 2023, an amount of £122,403 (2022 £122,403) was due from Kural Ltd, which amount is included within debtors on the balance sheet.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R V Lakshmanan and M P Shenbaganandam.