Company Registration No. 09598699 (England and Wales)
Sreeranga IT Consultancy Ltd
Unaudited accounts
for the year ended 31 May 2024
Sreeranga IT Consultancy Ltd
Unaudited accounts
Contents
Sreeranga IT Consultancy Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
39,339
44,256
Cash at bank and in hand
(1,604)
10,210
Creditors: amounts falling due within one year
(8,527)
8,258
Net current assets
7,089
18,468
Total assets less current liabilities
46,428
62,724
Creditors: amounts falling due after more than one year
(37,929)
(46,690)
Called up share capital
10
10
Profit and loss account
8,489
16,024
Shareholders' funds
8,499
16,034
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 20 November 2024 and were signed on its behalf by
Mr Hareesh Krishnasetty Chagachagere
Director
Company Registration No. 09598699
Sreeranga IT Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
Sreeranga IT Consultancy Ltd is a private company, limited by shares, registered in England and Wales, registration number 09598699. The registered office is 2430/2440 The Quadrant, Aztec West Room 16, Almondsbury, Bristol, BS32 4AQ, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
33.3% Straightline
Computer equipment
33.3% Straightline
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2023
49,463
441
49,904
At 31 May 2024
49,463
441
49,904
At 1 June 2023
5,207
441
5,648
Charge for the year
4,917
-
4,917
At 31 May 2024
10,124
441
10,565
At 31 May 2024
39,339
-
39,339
At 31 May 2023
44,256
-
44,256
Amounts falling due within one year
Sreeranga IT Consultancy Ltd
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
36,754
38,526
Other creditors
(28,813)
(51,247)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
37,929
46,690
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).