Registered number
13159304
SRIYANIC LTD
Filleted Accounts
31 January 2024
SRIYANIC LTD
Registered number: 13159304
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,004 11,255
Current assets
Cash at bank and in hand 137,428 81,009
Creditors: amounts falling due within one year 4 (90,093) (68,699)
Net current assets 47,335 12,310
Net assets 56,339 23,565
Capital and reserves
Called up share capital 1 1
Profit and loss account 56,338 23,564
Shareholders' funds 56,339 23,565
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.
KADI, Jyothy Krishna
Director
Approved by the board on 31 January 2025
SRIYANIC LTD
Notes to the Accounts
for the year ended 31 January 2024
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.
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:
Motor Vehicle over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 February 2023 11,255
At 31 January 2024 11,255
Depreciation
Charge for the year 2,251
At 31 January 2024 2,251
Net book value
At 31 January 2024 9,004
At 31 January 2023 11,255
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 513 513
Taxation and social security costs 22,642 10,491
Other creditors 66,938 57,695
90,093 68,699
5 Other information
SRIYANIC LTD is a private company limited by shares and incorporated in England. Its registered office is:
Office 3, City Mews,
Highstreet,
Barkingside,
England,
IG6 2FQ
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