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Company Registration No. 06535365 (England and Wales)
Vichara Tech Limited Unaudited accounts for the year ended 31 October 2024
Vichara Tech Limited Unaudited accounts Contents
Page
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Vichara Tech Limited Company Information for the year ended 31 October 2024
Directors
A Jain M How
Company Number
06535365 (England and Wales)
Registered Office
83 Victoria Street London London SW1H 0HW United Kingdom
Accountants
Newhunt & Company Flat1 44 Oakdene Park London 44 Oakdene Park Finchley London N3 1EU
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Vichara Tech Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
343 
340 
Cash at bank and in hand
14,228 
3,163 
14,571 
3,503 
Creditors: amounts falling due within one year
(36,009)
(10,670)
Net current liabilities
(21,438)
(7,167)
Total assets less current liabilities
(21,438)
(7,167)
Creditors: amounts falling due after more than one year
(4,388)
(12,105)
Net liabilities
(25,826)
(19,272)
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(35,826)
(29,272)
Shareholders' funds
(25,826)
(19,272)
For the year ending 31 October 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 5 February 2025 and were signed on its behalf by
A Jain Director Company Registration No. 06535365
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Vichara Tech Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Vichara Tech Limited is a private company, limited by shares, registered in England and Wales, registration number 06535365. The registered office is 83 Victoria Street, London, London, SW1H 0HW, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
118 
115 
Accrued income and prepayments
225 
225 
343 
340 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,149 
8,149 
Loans from directors
25,485 
146 
Accruals
2,375 
2,375 
36,009 
10,670 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,388 
12,105 
7
Average number of employees
During the year the average number of employees was 0 (2023: 1).
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