Company Registration No. 06664794 (England and Wales)
Prajos Medic Ltd
Unaudited accounts
for the year ended 31 August 2024
Prajos Medic Ltd
Unaudited accounts
Contents
Prajos Medic Ltd
Company Information
for the year ended 31 August 2024
Director
Dr. Prashanth Kumar Siddamshetty
Secretary
Mrs. Jyoti Gourwar
Company Number
06664794 (England and Wales)
Registered Office
3 Wallington Drive
Chandler's Ford
SO53 1TR
Prajos Medic Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
40,966
40,747
Cash at bank and in hand
32,197
52,718
Creditors: amounts falling due within one year
14,222
(12,633)
Net current assets
119,167
90,085
Net assets
160,133
130,832
Called up share capital
2
2
Profit and loss account
160,131
130,830
Shareholders' funds
160,133
130,832
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 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 30 May 2025 and were signed on its behalf by
Dr. Prashanth Kumar Siddamshetty
Director
Company Registration No. 06664794
Prajos Medic Ltd
Notes to the Accounts
for the year ended 31 August 2024
Prajos Medic Ltd is a private company, limited by shares, registered in England and Wales, registration number 06664794. The registered office is 3 Wallington Drive, Chandler's Ford, SO53 1TR.
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:
Motor vehicles
20% reduce balance basis
Computer equipment
20% reduce balance basis
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
58,390
3,800
2,209
64,399
Additions
-
-
10,460
10,460
At 31 August 2024
58,390
3,800
12,669
74,859
At 1 September 2023
21,020
1,368
1,264
23,652
Charge for the year
7,474
486
2,281
10,241
At 31 August 2024
28,494
1,854
3,545
33,893
At 31 August 2024
29,896
1,946
9,124
40,966
At 31 August 2023
37,370
2,432
945
40,747
Amounts falling due after more than one year
Prajos Medic Ltd
Notes to the Accounts
for the year ended 31 August 2024
6
Investments held as current assets
2024
2023
Unlisted investments
50,000
50,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,360
7,255
Loans from directors
(25,582)
4,928
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).