REGISTERED NUMBER: 07355682 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SRIPATH INNOVATIONS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Mr R S Sandhu

Miss A J Staudinger

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

07355682 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Intangible assets

4

4,935

4,084

Tangible assets

5

280

373

5,215

4,457

CURRENT ASSETS

Stocks

3,758

2,393

Debtors

6

201,178

62,100

Cash at bank

23,003

28,422

227,939

92,915

CREDITORS

Amounts falling due within one year

7

281,060

139,606

NET CURRENT LIABILITIES

(53,121

)

(46,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(47,906

)

(42,234

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(48,006

)

(42,334

)

(47,906

)

(42,234

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mr R S Sandhu - Director

1.	STATUTORY INFORMATION

Sripath Innovations Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis since the directors are satisfied that the company will have adequate resources to meet its expected liabilities to third parties as they fall due for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents & trademark are being amortised evenly over their estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

5,062

Additions

1,508

At 31 December 2024

6,570

AMORTISATION

At 1 January 2024

978

Charge for year

657

At 31 December 2024

1,635

NET BOOK VALUE

At 31 December 2024

4,935

At 31 December 2023

4,084

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2024

and 31 December 2024

664

DEPRECIATION

At 1 January 2024

291

Charge for year

93

At 31 December 2024

384

NET BOOK VALUE

At 31 December 2024

280

At 31 December 2023

373

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

185,097

50,881

Other debtors

16,081

11,219

201,178

62,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

163,321

75,818

Amounts owed to participating interests

84,216

54,500

Taxation and social security

2,649

-

Other creditors

30,874

9,288

281,060

139,606

8.	RELATED PARTY DISCLOSURES

Included in creditors amounts falling due within one year, are interest free loans of £84,216 (2023: £54,500) due to companies connected by a mutual director.

Included in creditors amounts falling due within one year, is the interest free amount of £60 due to the company director.