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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
Page
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Sreeranga IT Consultancy Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
39,339 
44,256 
Current assets
Debtors
17,220 
- 
Cash at bank and in hand
(1,604)
10,210 
15,616 
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)
Net assets
8,499 
16,034 
Capital and reserves
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
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Sreeranga IT Consultancy Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 May 2024
39,339 
- 
39,339 
At 31 May 2023
44,256 
- 
44,256 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,220 
- 
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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 
£ 
£ 
Trade creditors
586 
4,463 
Taxes and social security
36,754 
38,526 
Other creditors
(28,813)
(51,247)
8,527 
(8,258)
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).
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