Acorah Software Products - Accounts Production 16.0.110 false true false 1 March 2023 28 February 2024 28 February 2024 14655292 Mr Jagan Gogineni iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14655292 2023-02-28 14655292 2024-02-28 14655292 2023-03-01 2024-02-28 14655292 frs-core:Non-currentFinancialInstruments 2024-02-28 14655292 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-28 14655292 frs-core:FurnitureFittings 2023-03-01 2024-02-28 14655292 frs-core:PlantMachinery 2023-03-01 2024-02-28 14655292 frs-core:ShareCapital 2024-02-28 14655292 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 14655292 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 14655292 frs-bus:AbridgedAccounts 2023-03-01 2024-02-28 14655292 frs-bus:SmallEntities 2023-03-01 2024-02-28 14655292 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 14655292 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 14655292 frs-bus:Director1 2023-03-01 2024-02-28 14655292 frs-countries:EnglandWales 2023-03-01 2024-02-28
Registered number: 14655292
Sri Durga Bhavani Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Astute Accountants & Tax Consultants
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 14655292
2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 32,330
Tangible Assets 5 121,541
153,871
CURRENT ASSETS
Stocks 2,750
Debtors 18,990
Cash at bank and in hand 8,614
30,354
Creditors: Amounts Falling Due Within One Year (88,178 )
NET CURRENT ASSETS (LIABILITIES) (57,824 )
TOTAL ASSETS LESS CURRENT LIABILITIES 96,047
Creditors: Amounts Falling Due After More Than One Year (90,951 )
NET ASSETS 5,096
CAPITAL AND RESERVES
Called up share capital 6 100
Profit and Loss Account 4,996
SHAREHOLDERS' FUNDS 5,096
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Jagan Gogineni
Director
8 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Sri Durga Bhavani Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14655292 . The registered office is 12 Southernhay, Basildon, Essex, SS14 1EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are the Franchise fee. The director has decided not to amortise it. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 15
15
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4. Intangible Assets
Total
£
Cost
As at 1 March 2023 -
Additions 32,330
As at 28 February 2024 32,330
Net Book Value
As at 28 February 2024 32,330
As at 1 March 2023 -
5. Tangible Assets
Total
£
Cost
As at 1 March 2023 -
Additions 143,540
As at 28 February 2024 143,540
Depreciation
As at 1 March 2023 -
Provided during the period 21,999
As at 28 February 2024 21,999
Net Book Value
As at 28 February 2024 121,541
As at 1 March 2023 -
6. Share Capital
2024
£
Allotted, Called up and fully paid 100
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