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Registered Number: SC735907
England and Wales

 

 

 

SRAM MRAM MORPHOSIS OIL AND GAS RESOURCES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 20 June 2022

End date: 30 June 2023
  2023
    £ £
Current assets 90,824   
Creditors: amount falling due within one year (32,107)  
Net current assets   58,717 
Total assets less current liabilities   58,717 
Creditors: amount falling due after more than one year   (58,834)
Net liabilities   (117)
 

     
Capital and reserves   (117)
 
NOTES TO THE ACCOUNTS

General Information
SRAM MRAM MORPHOSIS OIL AND GAS RESOURCES LIMITED is a private company, limited by shares, registered in England and Wales, registration number SC735907, registration address 115 FLAT 3, SUNNYSIDE ROAD ABERDEEN, AB24 3LS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the period was 0.

3.

Ultimate Control

Mr. Chandra Mouli BUDDIRAJU is the Director and Share Holder of the company with significant interest in the company.

For the period ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the director on 28 December 2023 and were signed by:


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Chandra Mouli BUDDIRAJU
Director
1