Registered number
10040973
SHREE RAM OVERSEAS UK LTD
Filleted Accounts
31 March 2024
SHREE RAM OVERSEAS UK LTD
Registered number: 10040973
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,133 -
Investments 4 815,522 595,522
830,655 595,522
Current assets
Debtors 5 2,416,706 1,196,652
Cash at bank and in hand 65,853 57,695
2,482,559 1,254,347
Creditors: amounts falling due within one year 6 (3,311,152) (1,848,304)
Net current liabilities (828,593) (593,957)
Net assets 2,062 1,565
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,060 1,563
Shareholder's funds 2,062 1,565
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shyam Bajaj
Director
Approved by the board on 27 March 2025
SHREE RAM OVERSEAS UK LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 18% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Furniture and fixtures
£
Cost
Additions 18,455
At 31 March 2024 18,455
Depreciation
Charge for the year 3,322
At 31 March 2024 3,322
Net book value
At 31 March 2024 15,133
4 Investments
Other
investments
£
Cost
At 1 April 2023 595,522
Additions 220,000
At 31 March 2024 815,522
5 Debtors 2024 2023
£ £
Trade debtors 2,350,589 1,136,652
Other debtors 66,117 60,000
2,416,706 1,196,652
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 44,091 49,356
Trade creditors 2,738,406 1,356,474
Taxation and social security costs 35,865 19,512
Other creditors 492,790 422,962
3,311,152 1,848,304
7 Other information
SHREE RAM OVERSEAS UK LTD is a private company limited by shares and incorporated in England. Its registered office is:
41
Churchill Road
Uxbridge
Middlesex
UB10 0FN
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