Company Registration No. 08004436 (England and Wales)
Prana Solutions Ltd
Unaudited accounts
for the year ended 31 March 2024
Prana Solutions Ltd
Unaudited accounts
Contents
Prana Solutions Ltd
Company Information
for the year ended 31 March 2024
Director
Ravi Kiran Navath
Company Number
08004436 (England and Wales)
Registered Office
1 IMAGE COURT
MAXWELL ROAD
ROMFORD
RM7 0FJ
ENGLAND
Prana Solutions Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
1,630
2,412
Cash at bank and in hand
8,445
29,165
Creditors: amounts falling due within one year
(8,574)
(10,903)
Net current assets
1,066
22,757
Called up share capital
100
100
Profit and loss account
2,596
25,069
Shareholders' funds
2,696
25,169
For the year ending 31 March 2024 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 his 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 19 July 2024 and were signed on its behalf by
Ravi Kiran Navath
Director
Company Registration No. 08004436
Prana Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Prana Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08004436. The registered office is 1 IMAGE COURT, MAXWELL ROAD, ROMFORD, RM7 0FJ, 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.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight line
Computer equipment
33% Straight line
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Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
3,129
2,058
8,948
14,135
At 31 March 2024
3,129
2,058
8,948
14,135
At 1 April 2023
717
2,058
8,948
11,723
Charge for the year
782
-
-
782
At 31 March 2024
1,499
2,058
8,948
12,505
At 31 March 2024
1,630
-
-
1,630
At 31 March 2023
2,412
-
-
2,412
Prana Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
4,153
Loans from directors
1,934
3,500
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).