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Registered Number: 14244665


 

 

 

SWASTIK LIMITED


Abridged Accounts
 


Period of accounts

Start date: 19 July 2022

End date: 31 July 2023
Report to the directors on the preparation of the unaudited statutory accounts of SWASTIK LIMITED for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SWASTIK LIMITED for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of SWASTIK LIMITED, as a body, in accordance with the terms of our engagement letter dated 18 April 2024 Our work has been undertaken solely to prepare for your approval the accounts of SWASTIK LIMITED and state those matters that we have agreed to state to the Board of Directors of SWASTIK LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SWASTIK LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SWASTIK LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SWASTIK LIMITED. You consider that SWASTIK LIMITED is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of SWASTIK LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 July 2023



....................................................
SNP Plus Ltd
Accountants and Tax Advisors
284 Station Road
Harrow, London
HA1 2EA
18 April 2024
1
 
 
Notes
 
2023
£
Current assets    
Stocks 14,134 
Debtors 1,000 
Cash at bank and in hand 872 
16,006 
Creditors: amount falling due within one year (15,825)
Net current assets 181 
 
Total assets less current liabilities 181 
Net assets 181 
 

Capital and reserves
   
Called up share capital 3 1 
Profit and loss account 180 
Shareholder's funds 181 
 


For the period ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 18 April 2024 and were signed by:


-------------------------------
Monika Bhikhubhai Dhorajiya
Director
2
General Information
SWASTIK LIMITED is a private company, limited by shares, registered in , registration number 14244665, registration address 22 GOLDWELL ROAD, THORNTON HEATH ENGLAND, CR7 6HS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – 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 supplied by the company, net of trade discounts. Turnover is recognised as soon as goods are delivered to the customers.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2.

Average number of employees

Average number of employees during the period was 0.
3.

Share Capital

Allotted, called up and fully paid
2023
£
1 Class A share of £1.00 each
Issue of new share
During the period, the company issued 1 ordinary share of £1.

4.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
2023
£
Mrs. Monika Bhikhubhai Dhorajiya14,318 

3