Company Registration No. 08487173 (England and Wales)
Successful Software Solutions Ltd
Unaudited accounts
for the year ended 30 April 2020
Successful Software Solutions Ltd
Unaudited accounts
Contents
Successful Software Solutions Ltd
Company Information
for the year ended 30 April 2020
Directors
Mr Bhaskar Neela
Mrs Jyothi Munigela
Company Number
08487173 (England and Wales)
Registered Office
286 Westmacott Drive
Feltham
TW14 9XA
United Kingdom
Accountants
3E'S Accountants Ltd
231 Kenton Road
Harrow
Middlesex
HA3 0HD
Successful Software Solutions Ltd
Statement of financial position
as at
30 April 2020
Cash at bank and in hand
119,906
132,257
Creditors: amounts falling due within one year
(89,758)
(67,426)
Net current assets
69,912
64,831
Called up share capital
1,000
1,000
Profit and loss account
88,912
65,331
Shareholders' funds
89,912
66,331
For the year ending 30 April 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 27 February 2021 and were signed on its behalf by
Mr Bhaskar Neela
Director
Company Registration No. 08487173
Successful Software Solutions Ltd
Notes to the Accounts
for the year ended 30 April 2020
Successful Software Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 08487173. The registered office is 286 Westmacott Drive, Feltham, TW14 9XA, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments in shares are included at fair value.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Investments
Other investments
Valuation at 1 May 2019
1,500
Valuation at 30 April 2020
20,000
Successful Software Solutions Ltd
Notes to the Accounts
for the year ended 30 April 2020
Accrued income and prepayments
18,354
-
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
38,361
120
Taxes and social security
22,794
15,209
Proposed dividends
-
21,400
Other creditors
2,243
3,604
Loans from directors
27,093
27,093
7
Share capital
2020
2019
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500
500
500 Ordinary shares of £1 each
500
500
8
Average number of employees
During the year the average number of employees was 2 (2019: 2).