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Registration number: 11492735

Ananta Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

 

Ananta Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4 to 7

 

Ananta Ltd

Company Information

Directors

Dr K. Koshal

Mrs A Koshal

Registered office

222 London Road
Slough
SL3 7HT

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ananta Ltd
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ananta Ltd for the year ended 31 January 2024 as set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ananta Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Ananta Ltd and state those matters that we have agreed to state to the Board of Directors of Ananta Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ananta Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ananta Ltd 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 Ananta Ltd. You consider that Ananta Ltd 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 Ananta Ltd. 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.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

30 October 2024

 

Ananta Ltd

(Registration number: 11492735)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,145

2,736

Current assets

 

Debtors

5

288,839

50,290

Cash at bank and in hand

 

15,250

171,241

 

304,089

221,531

Creditors: Amounts falling due within one year

6

(56,260)

(49,081)

Net current assets

 

247,829

172,450

Total assets less current liabilities

 

249,974

175,186

Provisions for liabilities

(536)

(684)

Net assets

 

249,438

174,502

Capital and reserves

 

Called up share capital

100

100

Retained earnings

249,338

174,402

Shareholders' funds

 

249,438

174,502

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 

.........................................
Dr K. Koshal
Director

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
222 London Road
Slough
SL3 7HT

These financial statements were authorised for issue by the Board on 30 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 2 (2023 - 2).

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2023

3,558

3,558

At 31 January 2024

3,558

3,558

Depreciation

At 1 February 2023

822

822

Charge for the year

591

591

At 31 January 2024

1,413

1,413

Carrying amount

At 31 January 2024

2,145

2,145

At 31 January 2023

2,736

2,736

5

Debtors

2024
£

2023
£

Trade debtors

11,660

7,045

Prepayments

3,029

1,141

Other debtors

274,150

42,104

288,839

50,290

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

54,160

27,495

Accruals and deferred income

2,100

1,586

Other creditors

-

20,000

56,260

49,081

 

Ananta Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Related party transactions

Transactions with directors


 

2024

At 1 February 2023
£

Advances to director
£

Repayments by director
£

At 31 January 2024
£

Repayable on demand; interest charged at the official rate

21,292

287,707

(56,000)

252,999

 

2023

At 1 August 2021
£

Advances to director
£

Repayments by director
£

At 31 January 2023
£

Repayable on demand; interest charged at the official rate

37,704

101,399

(117,811)

21,292

 

Summary of transactions with associates

Ananta Ventures Ltd
 
(A company owned by Dr K Koshal & Mrs A Koshal)

 
Ananta Ltd continued to advance loan facilities of £10,499 (2023 - £10,000) to Ananta Ventures Ltd. The loan is repayable on demand and is classed as a debtor repayable within one year.
 

Summary of transactions with other related parties

Cerum Ltd

(A company jointly owned by Dr K Koshal)

During the year Ananta Ltd continued to advance loan facilities of £5,436 (2023 - £4,796) to Cerum Ltd. The loan is repayable on demand and is classed as a debtor repayable within one year.

 
Nikos Trade Limited

(A company owned by a relation to a director)

During the year Ananta Limited repaid loan facilities of £20,000 to Nikos Trade Limited.The balance at the year end was £0 (2023 - £20,000).