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Company Registration No. 11937811 (England and Wales)
Narsing Capital Limited Filleted accounts for the year ended 31 March 2024
Narsing Capital Limited Filleted accounts Contents
Page
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Narsing Capital Limited Company Information for the year ended 31 March 2024
Directors
Devyani Korantak Sachin Nandkumar Korantak
Company Number
11937811 (England and Wales)
Registered Office
7 Beech Avenue South Croydon CR2 0NN
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Narsing Capital Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Cash at bank and in hand
88,239 
156,622 
Creditors: amounts falling due within one year
(88,139)
(146,518)
Net current assets
100 
10,104 
Net assets
100 
10,104 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
- 
10,004 
Shareholders' funds
100 
10,104 
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 directors acknowledge their 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 of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by
Sachin Nandkumar Korantak Director Company Registration No. 11937811
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Narsing Capital Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Narsing Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 11937811. The registered office is 7 Beech Avenue , South Croydon, CR2 0NN.
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.
Turnover
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
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Narsing Capital Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
499 
At 31 March 2024
499 
Depreciation
At 1 April 2023
499 
At 31 March 2024
499 
Net book value
At 31 March 2024
- 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,332 
6,120 
Taxes and social security
8,883 
18,973 
Loans from directors
73,484 
119,985 
Accruals
1,440 
1,440 
88,139 
146,518 
6
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
40 A Ordinary shares of £1 each
40 
40 
40 B Ordinary shares of £1 each
40 
40 
20 C Ordinary shares of £1 each
20 
20 
100 
100 
7
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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