Company Registration No. 07516933 (England and Wales)
MANASVI IT SOLUTIONS LIMITED
Unaudited accounts
for the year ended 29 February 2024
MANASVI IT SOLUTIONS LIMITED
Unaudited accounts
Contents
MANASVI IT SOLUTIONS LIMITED
Company Information
for the year ended 29 February 2024
Directors
GONE, Shravan
GONE, Ramani
Company Number
07516933 (England and Wales)
Registered Office
43 BOXALL WAY
SLOUGH
SL3 7UG
ENGLAND
MANASVI IT SOLUTIONS LIMITED
Statement of financial position
as at 29 February 2024
Tangible assets
34,263
46,011
Cash at bank and in hand
35,901
8,249
Creditors: amounts falling due within one year
(64,219)
(27,966)
Net current (liabilities)/assets
(28,318)
1,733
Called up share capital
10
10
Profit and loss account
5,935
47,734
Shareholders' funds
5,945
47,744
For the year ending 29 February 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 29 November 2024 and were signed on its behalf by
GONE, Shravan
Director
Company Registration No. 07516933
MANASVI IT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
MANASVI IT SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07516933. The registered office is 43 BOXALL WAY, SLOUGH, SL3 7UG, ENGLAND.
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.
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.
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).
The accounts are presented in £ sterling.
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:
Fixtures, fittings, tools and equipment Over 4 Years
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.
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.
The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparation of annual financial
statements.
MANASVI IT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
46,990
3,681
50,671
At 29 February 2024
46,990
3,681
50,671
At 1 March 2023
979
3,681
4,660
Charge for the year
11,748
-
11,748
At 29 February 2024
12,727
3,681
16,408
At 29 February 2024
34,263
-
34,263
At 28 February 2023
46,011
-
46,011
Amounts falling due within one year
Accrued income and prepayments
-
21,450
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
12,317
4,629
Loans from directors
38,459
22,317
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).