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Registered number: 09744626
Srushti Limited
Financial Statements
For The Year Ended 31 August 2024
1A Accountancy
Chartered Certified Accountants
262 Catherine Street
Diamond Business Building
Leicester
LE4 6GD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09744626
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 140,000 140,000
Tangible Assets 5 3,908 3,908
143,908 143,908
CURRENT ASSETS
Debtors 6 3,724 4,581
Cash at bank and in hand 64,718 97,676
68,442 102,257
Creditors: Amounts Falling Due Within One Year 7 (56,830 ) (79,976 )
NET CURRENT ASSETS (LIABILITIES) 11,612 22,281
TOTAL ASSETS LESS CURRENT LIABILITIES 155,520 166,189
Creditors: Amounts Falling Due After More Than One Year 8 (167,984 ) (178,653 )
NET LIABILITIES (12,464 ) (12,464 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (12,564 ) (12,564 )
SHAREHOLDERS' FUNDS (12,464) (12,464)
Page 1
Page 2
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nareshkumar Patel
Director
27/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Srushti Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09744626 . The registered office is 8 -10 High Street Strood, Rochester, Kent, ME2 4AP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 10%
Fixtures & Fittings 30%
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2023: 6)
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 September 2023 140,000
As at 31 August 2024 140,000
Net Book Value
As at 31 August 2024 140,000
As at 1 September 2023 140,000
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 September 2023 6,267 5,000 25,000 36,267
As at 31 August 2024 6,267 5,000 25,000 36,267
Depreciation
As at 1 September 2023 4,085 6,724 21,550 32,359
As at 31 August 2024 4,085 6,724 21,550 32,359
Net Book Value
As at 31 August 2024 2,182 (1,724 ) 3,450 3,908
As at 1 September 2023 2,182 (1,724 ) 3,450 3,908
Page 3
Page 4
6. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 2,040 2,040
VAT 1,684 2,541
3,724 4,581
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 3,657 3,988
Corporation tax 2,007 1,897
Director's loan account 51,166 74,091
56,830 79,976
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 167,984 178,653
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4