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Company Registration No. 07554692 (England and Wales)
Sribalaji Infotech Limited Unaudited accounts for the year ended 31 March 2023
Sribalaji Infotech Limited Unaudited accounts Contents
Page
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Sribalaji Infotech Limited Company Information for the year ended 31 March 2023
Directors
Mr Anand Karimisetti Mrs Vankata Rekha Karimisetti
Secretary
Mrs Vankata Rekha Karimisetti
Company Number
07554692 (England and Wales)
Registered Office
17 Woodlea Croft Meanwood Leeds West Yorkshire LS6 4SF
Accountants
Sigma Chartered Accountants J O Hunter House 409 Bradford Road Huddersfield West Yorkshire HD2 2RB
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Sribalaji Infotech Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
61,241 
3,466 
Current assets
Debtors
15,127 
40,978 
Cash at bank and in hand
57,776 
20,985 
72,903 
61,963 
Creditors: amounts falling due within one year
(73,858)
(41,124)
Net current (liabilities)/assets
(955)
20,839 
Total assets less current liabilities
60,286 
24,305 
Creditors: amounts falling due after more than one year
(59,308)
(23,327)
Provisions for liabilities
Deferred tax
(878)
(878)
Net assets
100 
100 
Capital and reserves
Called up share capital
100 
100 
Shareholders' funds
100 
100 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 December 2023 and were signed on its behalf by
Mr Anand Karimisetti Director Company Registration No. 07554692
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Sribalaji Infotech Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sribalaji Infotech Limited is a private company, limited by shares, registered in England and Wales, registration number 07554692. The registered office is 17 Woodlea Croft, Meanwood, Leeds, West Yorkshire, LS6 4SF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost.
Computer equipment
25% on cost.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Sribalaji Infotech Limited Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2022
11,337 
Additions
78,188 
At 31 March 2023
89,525 
Depreciation
At 1 April 2022
7,871 
Charge for the year
20,413 
At 31 March 2023
28,284 
Net book value
At 31 March 2023
61,241 
At 31 March 2022
3,466 
5
Average number of employees
During the year the average number of employees was 12 (2022: 7).
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