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Registered Number: 12195592
England and Wales

 

 

 

PV TECH LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Director Mr Arun PADAKANTI VADLA
Registered Number 12195592
Registered Office 28,Flagstone Crescent
Chineham
Basingstoke
RG24 8DG
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 29 February 2024.
Principal activities
The Principal activity of the company during the financial year was providing Information technology consultancy activities.
Director
The director who served the company throughout the year was as follows:
Mr Arun PADAKANTI VADLA (from 01/11/2019)
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Mr Arun PADAKANTI VADLA
Director

Date approved: 29 November 2024
2
 
 
Notes
 
2024
£
  2023
£
Current assets      
Debtors 3 8,155    8,275 
Cash at bank and in hand 28    29 
8,183    8,304 
Creditors: amount falling due within one year 4 (10,038)   (8,967)
Net current assets (1,855)   (663)
 
Total assets less current liabilities (1,855)   (663)
Net assets (1,855)   (663)
 

Capital and reserves
     
Called up share capital 5 100    100 
Profit and loss account (1,955)   (763)
Shareholders' funds (1,855)   (663)
 


For the year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 29 November 2024 and were signed by:


-------------------------------
Mr Arun PADAKANTI VADLA
Director
3
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 March 2022 100  (469) (369)
Profit for the year (294) (294)
Total comprehensive income for the year (294) (294)
Total investments by and distributions to owners
At 28 February 2023 100  (763) (663)
At 01 March 2023 100  (764) (664)
Profit for the year (1,191) (1,191)
Total comprehensive income for the year (1,191) (1,191)
Total investments by and distributions to owners
At 29 February 2024 100  (1,955) (1,855)
4
General Information
PV TECH LTD is a private company, limited by shares, registered in England and Wales, registration number 12195592, registration address 28,Flagstone Crescent, Chineham, Basingstoke, RG24 8DG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 2,000    2,000 
Directors' Current Accounts 3,851    3,971 
Mr.Arun Director's Current Account 1,265    1,265 
Mrs. Anusha Director's Cuurent Account 1,039    1,039 
8,155    8,275 

4.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 200    100 
Corporation Tax 7,062    6,091 
VAT 2,776    2,776 
10,038    8,967 

5.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
100 Class A shares of £1.00 each 100    100 
100    100 

6.

Ultimate Control

Mr. Arun Padakanti Vadla is the Director and 100% Shareholder of the Company having ultimate controlling power in the company
5