Company Registration No. 11425727 (England and Wales)
Vidya Consulting Limited
Unaudited accounts
for the year ended 30 June 2023
Vidya Consulting Limited
Unaudited accounts
Contents
Vidya Consulting Limited
Company Information
for the year ended 30 June 2023
Company Number
11425727 (England and Wales)
Registered Office
Congress House
14 Lyon Road
Harrow
HA1 2EN
Accountants
Balmoral Consultancy Services Limited
Congress House
14 Lyon Road
Harrow
Middlesex
HA1 2EN
Vidya Consulting Limited
Statement of financial position
as at 30 June 2023
Tangible assets
1,299
1,732
Investments
100,000
100,000
Cash at bank and in hand
212,538
259,866
Creditors: amounts falling due within one year
(47,143)
(94,789)
Net current assets
165,395
165,077
Net assets
266,694
266,809
Called up share capital
100
100
Profit and loss account
266,594
266,709
Shareholders' funds
266,694
266,809
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 14 March 2024 and were signed on its behalf by
R Hirani
Director
Company Registration No. 11425727
Vidya Consulting Limited
Notes to the Accounts
for the year ended 30 June 2023
Vidya Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 11425727. The registered office is Congress House, 14 Lyon Road, Harrow, HA1 2EN.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Computer equipment
25 % reducing balance
Investment in subsidiaries are measured at cost less accumulated impairment.
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on premeasurement are recognised in the Statement of comprehensive income for the period. where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each Balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the year.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Vidya Consulting Limited
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Computer equipment
5
Investments
Other investments
Valuation at 1 July 2022
100,000
Valuation at 30 June 2023
100,000
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
18,560
69,242
Loans from directors
7,428
6,892
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
During the year under review the company was under the control of the director R Hirani by virtue of her 100 % shareholding in the company.
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).