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Registration number: 05732727

Aditya Consultancy Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Aditya Consultancy Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Aditya Consultancy Limited

Company Information

Director

Mrs Pavani Malladi

Company secretary

Mrs Pavani Malladi

Registered office

23 Vicarage Lane
Ilford
Essex
IG1 4AG

Accountants

Paul Winston Ltd
Chartered Accountants
Silver Rose Unit 21 East Lodge Village
East Lodge Lane
Enfield
EN2 8AS

 

Aditya Consultancy Limited

(Registration number: 05732727)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

fixed assets

 

tangible assets

4

514

686

Investment property

5

423,623

423,623

 

424,137

424,309

Current assets

 

Cash at bank and in hand

 

59,969

85,423

Creditors: Amounts falling due within one year

7

(89,336)

(116,357)

Net current liabilities

 

(29,367)

(30,934)

Total assets less current liabilities

 

394,770

393,375

Creditors: Amounts falling due after more than one year

7

(287,653)

(287,653)

Net assets

 

107,117

105,722

capital and reserves

 

Called up share capital

8

2

2

Profit and loss account

107,115

105,720

Shareholders' funds

 

107,117

105,722

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 November 2024
 

.........................................
Mrs Pavani Malladi
Company secretary and director

 

Aditya Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
23 Vicarage Lane
Ilford
Essex
IG1 4AG

These financial statements were authorised for issue by the director on 26 November 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Aditya Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Furniture, Fittings & Equipment

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

 

Aditya Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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 the director) during the year, was 0 (2023 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

6,006

6,006

At 30 April 2024

6,006

6,006

Depreciation

At 1 May 2023

5,320

5,320

Charge for the year

172

172

At 30 April 2024

5,492

5,492

Carrying amount

At 30 April 2024

514

514

At 30 April 2023

686

686

5

Investment properties

2024
£

At 1 May

423,623

At 30 April

423,623

There has been no valuation of investment property by an independent valuer.

 

Aditya Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

debtors

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Other creditors

 

1,901

1,201

Directors' loan accounts

 

87,435

115,156

 

89,336

116,357

Due after one year

 

Loans and borrowings

9

287,653

287,653

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

287,653

287,653

 

Aditya Consultancy Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary P of £1 each

1

1

1

1

Ordinary S of £1 each

1

1

1

1

2

2

2

2

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

287,653

287,653

10

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £1,000.00 (2023 - £2,000.00) per each Ordinary P

1,000

2,000

Interim dividend of £Nil per each Ordinary S

-

-

1,000

2,000