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Company Registration No. 07706891 (England and Wales)
Sri Vatsa Technologies Ltd Unaudited accounts for the year ended 31 July 2023
Sri Vatsa Technologies Ltd Unaudited accounts Contents
Page
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Sri Vatsa Technologies Ltd Company Information for the year ended 31 July 2023
Directors
Mrs Karthika Kollukoduru Mr Ramakumar Reddy Pedda
Company Number
07706891 (England and Wales)
Registered Office
99 Lostock Road Urmston Manchester M41 0TH England
Accountants
Metropolitan Accountants Ltd Phoenix Business Centre Office 10, Rosslyn Crescent Harrow Middlesex HA1 2SP
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Sri Vatsa Technologies Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,319 
5,309 
Current assets
Cash at bank and in hand
14,423 
79,352 
Creditors: amounts falling due within one year
(10,931)
(82,680)
Net current assets/(liabilities)
3,492 
(3,328)
Net assets
6,811 
1,981 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
6,801 
1,971 
Shareholders' funds
6,811 
1,981 
For the year ending 31 July 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.
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 14 March 2024 and were signed on its behalf by
Mr Ramakumar Reddy Pedda Director Company Registration No. 07706891
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Sri Vatsa Technologies Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Sri Vatsa Technologies Ltd is a private company, limited by shares, registered in England and Wales, registration number 07706891. The registered office is 99 Lostock Road, Urmston, Manchester, M41 0TH, England.
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.
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:
Computer equipment
33% on cost
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
4,500 
7,729 
12,229 
Additions
- 
917 
917 
At 31 July 2023
4,500 
8,646 
13,146 
Depreciation
At 1 August 2022
900 
6,020 
6,920 
Charge for the year
900 
2,007 
2,907 
At 31 July 2023
1,800 
8,027 
9,827 
Net book value
At 31 July 2023
2,700 
619 
3,319 
At 31 July 2022
3,600 
1,709 
5,309 
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Sri Vatsa Technologies Ltd Notes to the Accounts for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
440 
6,021 
Taxes and social security
7,230 
15,698 
Other creditors
1,048 
1,048 
Loans from directors
1,913 
1,913 
Accruals
300 
58,000 
10,931 
82,680 
6
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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