Company Registration No. 7907675 (England and Wales)
Madhumurali Ltd
Unaudited accounts
for the year ended 31 January 2024
Madhumurali Ltd
Unaudited accounts
Contents
Madhumurali Ltd
Company Information
for the year ended 31 January 2024
Director
Murali Venkata Satyanarayana MOLLETI
Company Number
7907675 (England and Wales)
Registered Office
82 Upper Redlands Road
Reading
RG1 5JE
England
Accountants
Cranleys Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
Madhumurali Ltd
Statement of financial position
as at 31 January 2024
Tangible assets
2,407
3,210
Cash at bank and in hand
23,359
232,328
Creditors: amounts falling due within one year
(13,878)
(20,196)
Net current assets
18,788
213,792
Net assets
220,195
217,002
Called up share capital
100
100
Profit and loss account
220,095
216,902
Shareholders' funds
220,195
217,002
For the year ending 31 January 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 22 October 2024 and were signed on its behalf by
Murali Venkata Satyanarayana MOLLETI
Director
Company Registration No. 7907675
Madhumurali Ltd
Notes to the Accounts
for the year ended 31 January 2024
Madhumurali Ltd is a private company, limited by shares, registered in England and Wales, registration number 7907675. The registered office is 82 Upper Redlands Road, Reading, RG1 5JE, 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 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
4
Tangible fixed assets
Computer equipment
Madhumurali Ltd
Notes to the Accounts
for the year ended 31 January 2024
5
Investments
Other investments
Valuation at 1 February 2023
-
Valuation at 31 January 2024
199,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,048
14,842
Loans from directors
-
1,663
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Murali Venkata Satyanarayana MOLLETI
Loan to director
5,623
-
-
5,623
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).