Acorah Software Products - Accounts Production 16.2.850 false true true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08672475 Mr Hari Rallapalli iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08672475 2023-09-30 08672475 2024-09-30 08672475 2023-10-01 2024-09-30 08672475 frs-core:Non-currentFinancialInstruments 2024-09-30 08672475 frs-core:BetweenOneFiveYears 2024-09-30 08672475 frs-core:MotorVehicles 2023-10-01 2024-09-30 08672475 frs-core:WithinOneYear 2024-09-30 08672475 frs-core:ShareCapital 2024-09-30 08672475 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08672475 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08672475 frs-bus:AbridgedAccounts 2023-10-01 2024-09-30 08672475 frs-bus:SmallEntities 2023-10-01 2024-09-30 08672475 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08672475 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08672475 frs-bus:Director1 2023-10-01 2024-09-30 08672475 1 2023-10-01 2024-09-30 08672475 frs-countries:EnglandWales 2023-10-01 2024-09-30 08672475 2022-09-30 08672475 2023-09-30 08672475 2022-10-01 2023-09-30 08672475 frs-core:Non-currentFinancialInstruments 2023-09-30 08672475 frs-core:BetweenOneFiveYears 2023-09-30 08672475 frs-core:WithinOneYear 2023-09-30 08672475 frs-core:ShareCapital 2023-09-30 08672475 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08672475 1 2022-10-01 2023-09-30
Registered number: 08672475
SRI PADA SERVICES LIMITED
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08672475
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 22,683 26,686
22,683 26,686
CURRENT ASSETS
Debtors 13,329 77,195
Cash at bank and in hand 34,563 38,381
47,892 115,576
Creditors: Amounts Falling Due Within One Year (16,055 ) (35,377 )
NET CURRENT ASSETS (LIABILITIES) 31,837 80,199
TOTAL ASSETS LESS CURRENT LIABILITIES 54,520 106,885
Creditors: Amounts Falling Due After More Than One Year (24,031 ) (35,049 )
NET ASSETS 30,489 71,836
CAPITAL AND RESERVES
Called up share capital 6 10 10
Profit and Loss Account 30,479 71,826
SHAREHOLDERS' FUNDS 30,489 71,836
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For the year ending 30 September 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 September 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Hari Rallapalli
Director
27/05/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
SRI PADA SERVICES LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08672475 . The registered office is 22 Saxonia Boulevard, Brooklands, Milton Keynes, MK10 7FQ.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
2.2. Going Concern Disclosure
At the time of approving the financial statements, the director has reasonable expectation that the company has
adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to
adopt the going concern basis of accounting in preparing the financial statements.
2.3. 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 rendering of services. Turnover is reduced for estimated customer  rebates and other similar allowances.
2.4. 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:
Motor Vehicles 15% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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3. Average Number of Employees
Two employees, including directors, during the year 
2024 2023
Office and administration 1 1
Director 1 1
2 2
4. Tangible Assets
Total
£
Cost
As at 1 October 2023 36,756
As at 30 September 2024 36,756
Depreciation
As at 1 October 2023 10,070
Provided during the period 4,003
As at 30 September 2024 14,073
Net Book Value
As at 30 September 2024 22,683
As at 1 October 2023 26,686
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,296 7,296
Later than one year and not later than five years 6,332 13,632
13,628 20,928
13,628 20,928
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
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