Prabhu-shriram Limited FILLETED ACCOUNTS COVER
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Company No. 08487624
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Prabhu-shriram Limited BALANCE SHEET REGISTRAR
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at
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Company No.
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Notes
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2018
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2017
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£
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£
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Fixed assets
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Intangible assets
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2
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Tangible assets
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3
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Current assets
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Stocks
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4
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Debtors
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5
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Cash at bank and in hand
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Creditors: Amount falling due within one year
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6
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(
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(
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Net current assets/(liabilities)
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(
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Total assets less current liabilities
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Creditors: Amounts falling due after more than one year
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7
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(
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(
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Net assets/(liabilities)
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(
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Capital and reserves
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Called up share capital
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Profit and loss account
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8
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(
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Total equity
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(
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As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
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Approved by the board on 27 June 2019
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And signed on its behalf by:
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N. Panchal
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Director
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Prabhu-shriram Limited NOTES TO THE ACCOUNTS REGISTRAR
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for the year ended 30 September 2018
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1
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Accounting policies
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Basis of preparation
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The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the accounting policies set out below.
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Turnover
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Revenue from the sale of goods is recognised when all the following conditions are satisfied: • the Company has transferred to the buyer the significant risks and rewards of ownership of the goods; • the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; • the amount of revenue can be measured reliably; • it is probable that the economic benefits associated with the transaction will flow to the Company; and • the costs incurred or to be incurred in respect of the transaction can be measured reliably. Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed. |
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Taxation
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Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years 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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Stocks
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Trade and other debtors
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Trade and other creditors
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Provisions
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Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. |
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2
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Intangible fixed assets
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Goodwill
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Total
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£
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£
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Cost
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At 1 October 2017
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At 30 September 2018
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Amortisation and impairment
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At 1 October 2017
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Charge for the year
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At 30 September 2018
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Net book values
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At 30 September 2018
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At 30 September 2017
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3
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Tangible fixed assets
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Fixtures, fittings and equipment
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Total
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£
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£
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Cost or revaluation
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At 1 October 2017
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Additions
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At 30 September 2018
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Depreciation
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At 1 October 2017
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Charge for the year
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At 30 September 2018
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Net book values
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At 30 September 2018
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At 30 September 2017
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4
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Stocks
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2018
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2017
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£
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£
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Finished goods
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5
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Debtors
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2018
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2017
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£
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£
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Trade debtors
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VAT recoverable
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Other debtors
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Prepayments and accrued income
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6
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Creditors:
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amounts falling due within one year
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2018
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2017
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£
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£
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Undrawn dividends
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Trade creditors
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Corporation tax
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Other taxes and social security
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Loans from directors
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Other creditors
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Accruals and deferred income
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7
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Creditors:
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amounts falling due after more than one year
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2018
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2017
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£
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£
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Bank loans and overdrafts
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8
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Reserves
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9
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Dividends
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2018
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2017
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£
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£
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Dividends for the period:
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Dividends paid in the period
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20,000
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77,000
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Dividends by type:
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Equity dividends
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20,000
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77,000
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10
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Additional information
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Its registered number is:
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