Registered number
12299585
SHREE GURUMAHARAJ 99 LTD
Filleted Accounts
30 November 2023
SHREE GURUMAHARAJ 99 LTD
Registered number: 12299585
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 111,500 126,500
Tangible assets 4 1,892 2,839
113,392 129,339
Current assets
Stocks 784 700
Debtors 5 892 764
Cash at bank and in hand 8,263 1,485
9,939 2,949
Creditors: amounts falling due within one year 6 (163,496) (155,552)
Net current liabilities (153,557) (152,603)
Net liabilities (40,165) (23,264)
Capital and reserves
Called up share capital 100 100
Profit and loss account (40,265) (23,364)
Shareholders' funds (40,165) (23,264)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Nilay Nayankumar Shah
Director
Approved by the board on 30 November 2024
SHREE GURUMAHARAJ 99 LTD
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 150,000
At 30 November 2023 150,000
Amortisation
At 1 December 2022 23,500
Provided during the year 15,000
At 30 November 2023 38,500
Net book value
At 30 November 2023 111,500
At 30 November 2022 126,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 4,733
At 30 November 2023 4,733
Depreciation
At 1 December 2022 1,894
Charge for the year 947
At 30 November 2023 2,841
Net book value
At 30 November 2023 1,892
At 30 November 2022 2,839
5 Debtors 2023 2022
£ £
Trade debtors 892 764
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 24,982 12,344
Taxation and social security costs 3,135 6,063
Other creditors 135,379 137,145
163,496 155,552
7 Other information
SHREE GURUMAHARAJ 99 LTD is a private company limited by shares and incorporated in England. Its registered office is:
515 Finchley Road
West Hampstead
London
England
NW3 7BB
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