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Company Registration No. 12778665 (England and Wales)
Aryan Tech Ltd Unaudited accounts for the year ended 31 July 2024
Aryan Tech Ltd Unaudited accounts Contents
Page
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Aryan Tech Ltd Company Information for the year ended 31 July 2024
Directors
Biren Patnaik Sonali Patnaik
Company Number
12778665 (England and Wales)
Registered Office
6 POULTER COURT CASTLE HILL EBBSFLEET VALLEY SWANSCOMBE KENT DA10 1BN ENGLAND
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Aryan Tech Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,037 
- 
Investment property
635,035 
358,366 
639,072 
358,366 
Current assets
Cash at bank and in hand
1,152 
729 
Creditors: amounts falling due within one year
(187,767)
(109,776)
Net current liabilities
(186,615)
(109,047)
Total assets less current liabilities
452,457 
249,319 
Creditors: amounts falling due after more than one year
(479,620)
(256,957)
Net liabilities
(27,163)
(7,638)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(27,263)
(7,738)
Shareholders' funds
(27,163)
(7,638)
For the year ending 31 July 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 21 February 2024 and were signed on its behalf by
Biren Patnaik Director Company Registration No. 12778665
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Aryan Tech Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Aryan Tech Ltd is a private company, limited by shares, registered in England and Wales, registration number 12778665. The registered office is 6 POULTER COURT CASTLE HILL, EBBSFLEET VALLEY, SWANSCOMBE, KENT, DA10 1BN, 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.
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.
Turnover
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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
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.
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
15% straight line
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Aryan Tech Ltd Notes to the Accounts for the year ended 31 July 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 August 2023
- 
Additions
4,750 
At 31 July 2024
4,750 
Depreciation
Charge for the year
713 
At 31 July 2024
713 
Net book value
At 31 July 2024
4,037 
5
Investment property
2024 
£ 
Fair value at 1 August 2023
358,366 
Additions
276,669 
At 31 July 2024
635,035 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
187,417 
109,451 
Accruals
350 
325 
187,767 
109,776 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
479,620 
256,957 
8
Loans to directors
The limited company owes the director £187,417.20 at 31/07/24 (31/07/23 - £109,451.33). This is an interest free loan and is repayable on demand.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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