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Registered Number: 10626035
England and Wales

 

 

 

NAAVDI SOLUTIONS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2023

End date: 29 February 2024
Director Narinder Singh Chaudhary
Registered Number 10626035
Registered Office 31 Briars Wood
Hatfield United Kingdom
AL10 8DA
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,476    3,934 
Investments 4 255,717   
257,193    3,934 
Current assets      
Debtors 5 33,632    20,437 
Cash at bank and in hand 155,794    280,829 
189,426    301,266 
Creditors: amount falling due within one year 6 (277,285)   (154,942)
Net current assets (87,859)   146,324 
 
Total assets less current liabilities 169,334    150,258 
Provisions for liabilities 7   (748)
Net assets 169,334    149,510 
 

Capital and reserves
     
Called up share capital 8 2    2 
Profit and loss account 169,332    149,508 
Shareholders' funds 169,334    149,510 
 


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 30 November 2024 and were signed by:


-------------------------------
Narinder Singh Chaudhary
Director
2
General Information
Naavdi Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10626035, registration address 31 Briars Wood, Hatfield United Kingdom, AL10 8DA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 4 Years Straight Line
Computer Equipment 4 Years Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 March 2023 9,525    6,757    16,282 
Additions    
Disposals    
At 29 February 2024 9,525    6,757    16,282 
Depreciation
At 01 March 2023 6,186    6,162    12,348 
Charge for year 1,992    466    2,458 
On disposals    
At 29 February 2024 8,178    6,628    14,806 
Net book values
Closing balance as at 29 February 2024 1,347    129    1,476 
Opening balance as at 01 March 2023 3,339    595    3,934 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2023  
Additions 255,717    255,717 
Transfer to/from tangible fixed assets  
Disposals  
At 29 February 2024 255,717    255,717 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 11,880    5,040 
Accrued Income 21,752    15,397 
33,632    20,437 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 24,000    2,500 
Taxation and Social Security 16,764    10,326 
Other Creditors 236,521    142,116 
277,285    154,942 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax   748 
  748 

8.

Share Capital

Authorised
2 Ordinary shares of £1.00 each
Allotted, called up and fully paid
2024
£
  2023
£
2 Ordinary shares of £1.00 each  
 

3