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REGISTERED NUMBER: 06601787 (England and Wales)















Financial Statements for the Year Ended 30 May 2024

for

Shrestha & Co Limited

Shrestha & Co Limited (Registered number: 06601787)






Contents of the Financial Statements
for the Year Ended 30 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shrestha & Co Limited

Company Information
for the Year Ended 30 May 2024







DIRECTOR: R Shrestha





REGISTERED OFFICE: 15 Broom Field
Lightwater
Surrey
GU18 5QN





REGISTERED NUMBER: 06601787 (England and Wales)






Shrestha & Co Limited (Registered number: 06601787)

Balance Sheet
30 May 2024

30.5.24 30.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 795 1,401

CURRENT ASSETS
Cash at bank 26,818 34,322

CREDITORS
Amounts falling due within one year 5 4,565 5,916
NET CURRENT ASSETS 22,253 28,406
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,048

29,807

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 7 23,046 29,805
SHAREHOLDERS' FUNDS 23,048 29,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 20 February 2025 and were signed by:





R Shrestha - Director


Shrestha & Co Limited (Registered number: 06601787)

Notes to the Financial Statements
for the Year Ended 30 May 2024

1. STATUTORY INFORMATION

Shrestha & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Shrestha & Co Limited (Registered number: 06601787)

Notes to the Financial Statements - continued
for the Year Ended 30 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 May 2023 13,971
Additions 333
At 30 May 2024 14,304
DEPRECIATION
At 31 May 2023 12,570
Charge for year 939
At 30 May 2024 13,509
NET BOOK VALUE
At 30 May 2024 795
At 30 May 2023 1,401

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.5.24 30.5.23
£    £   
Taxation and social security - 5,585
Other creditors 4,565 331
4,565 5,916

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.5.24 30.5.23
value: £    £   
2 Ordinary £1 2 2

7. RESERVES
Retained
earnings
£   

At 31 May 2023 29,805
Deficit for the year (4,759 )
Dividends (2,000 )
At 30 May 2024 23,046