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Company Registration No. 11989022 (England and Wales)
Skanda Tech Solutions Ltd Unaudited accounts for the year ended 31 May 2024
Skanda Tech Solutions Ltd Unaudited accounts Contents
Page
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Skanda Tech Solutions Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
187 
635 
Current assets
Cash at bank and in hand
14,966 
25,908 
Creditors: amounts falling due within one year
(16,938)
(17,780)
Net current (liabilities)/assets
(1,972)
8,128 
Net (liabilities)/assets
(1,785)
8,763 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(1,795)
8,753 
Shareholders' funds
(1,785)
8,763 
For the year ending 31 May 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 25 July 2024 and were signed on its behalf by
Mr Venkata Krishna Devarapalli Director Company Registration No. 11989022
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Skanda Tech Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Skanda Tech Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11989022. The registered office is 6 St. Michaels Court, Ruscombe, Reading, RG10 9UF, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Fixtures & fittings
25% Straightline
Computer equipment
25% Straightline
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 June 2023
2,341 
At 31 May 2024
2,341 
Depreciation
At 1 June 2023
1,706 
Charge for the year
448 
At 31 May 2024
2,154 
Net book value
At 31 May 2024
187 
At 31 May 2023
635 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
50 
20 
Taxes and social security
(33)
(162)
Other creditors
16,921 
17,922 
16,938 
17,780 
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Skanda Tech Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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