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COMPANY REGISTRATION NUMBER: 13534696
Hari & Asokan Ltd
Filleted Unaudited Financial Statements
31 July 2024
Hari & Asokan Ltd
Financial Statements
Year ended 31 July 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Hari & Asokan Ltd
Balance Sheet
31 July 2024
2024
2023
Note
£
£
£
£
Current assets
Stocks
1,000
Debtors
6
13,036
25
Cash at bank and in hand
16,092
20,271
--------
--------
30,128
20,296
Creditors: amounts falling due within one year
7
48,061
34,861
--------
--------
Net current liabilities
17,933
14,565
--------
--------
Total assets less current liabilities
( 17,933)
( 14,565)
--------
--------
Net liabilities
( 17,933)
( 14,565)
--------
--------
Hari & Asokan Ltd
Balance Sheet (continued)
31 July 2024
2024
2023
Note
£
£
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 18,033)
( 14,665)
--------
--------
Shareholders deficit
( 17,933)
( 14,565)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 April 2025 , and are signed on behalf of the board by:
Mr H Keezhathil Surendran Pillai
Director
Company registration number: 13534696
Hari & Asokan Ltd
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.
Going concern
The directors acknowledge the losses in the company and with their continued support believe the company to be a going concern.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Grants
Grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Grants are recognised using the accrual model.
4. Other operating income
Other operating income is income received from grants.
5. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
6. Debtors
2024
2023
£
£
Trade debtors
11,050
Other debtors
1,986
25
--------
----
13,036
25
--------
----
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
60
Other creditors
48,001
34,861
--------
--------
48,061
34,861
--------
--------
8. Directors' advances, credits and guarantees
During the year, the directors had interest-free, repayable on demand, loans with the company. At the start of the year the directors were owed £26,294 and at the end of the year they were owed £25,108.