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REGISTERED NUMBER: 09605362 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

Spandana Enterprises Ltd

Spandana Enterprises Ltd (Registered number: 09605362)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Spandana Enterprises Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Anandkumar Sangoju





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
West Midlands
CV6 4AD





REGISTERED NUMBER: 09605362 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Spandana Enterprises Ltd (Registered number: 09605362)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 36,877 39,274

CURRENT ASSETS
Inventories 34,105 32,106
Debtors 5 8,592 7,373
Cash in hand 383 5,752
43,080 45,231
CREDITORS
Amounts falling due within one year 6 37,934 34,266
NET CURRENT ASSETS 5,146 10,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

42,023

50,239

CREDITORS
Amounts falling due after more than one
year

7

41,093

47,158
NET ASSETS 930 3,081

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 929 3,080
SHAREHOLDERS' FUNDS 930 3,081

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Spandana Enterprises Ltd (Registered number: 09605362)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 January 2024 and were signed by:





Mr Anandkumar Sangoju - Director


Spandana Enterprises Ltd (Registered number: 09605362)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Spandana Enterprises Ltd 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
Revenue 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 - 15% on reducing balance and 5% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022
and 30 June 2023 54,347
DEPRECIATION
At 1 July 2022 15,073
Charge for year 2,397
At 30 June 2023 17,470
NET BOOK VALUE
At 30 June 2023 36,877
At 30 June 2022 39,274

Spandana Enterprises Ltd (Registered number: 09605362)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 7,373 7,373
Other debtors 1,219 -
8,592 7,373

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 3,323 8,979
Trade creditors 32,111 21,535
Taxation and social security 397 949
Other creditors 2,103 2,803
37,934 34,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 41,093 47,158

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1 Ordinary £1 1 1