Company Registration No. 09925656 (England and Wales)
Narayanswarup (UK) Limited
Unaudited accounts
for the year ended 31 March 2023
Narayanswarup (UK) Limited
Unaudited accounts
Contents
Narayanswarup (UK) Limited
Company Information
for the year ended 31 March 2023
Directors
Mrs V N Patel
Mrs J B Patel
Company Number
09925656 (England and Wales)
Registered Office
55 Bourne View
Greenford
Middlesex
UB6 7QS
England
Narayanswarup (UK) Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,708
1,000
Inventories
140,857
140,554
Cash at bank and in hand
274,752
108,816
Creditors: amounts falling due within one year
(284,623)
(222,489)
Net current assets
433,515
160,131
Net assets
435,223
161,131
Called up share capital
1
1
Profit and loss account
435,222
161,130
Shareholders' funds
435,223
161,131
For the year ending 31 March 2023 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 17 December 2023 and were signed on its behalf by
Mrs J B Patel
Director
Company Registration No. 09925656
Narayanswarup (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
Narayanswarup (UK) Limited is a private company, limited by shares, registered in England and Wales, registration number 09925656. The registered office is 55 Bourne View, Greenford, Middlesex, UB6 7QS, England.
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 have been prepared on the assumption that the company is able to carry on business as a going concern, which the directors consider appropriate having regard to the circumstances.
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 consultancy 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.
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:
Fixtures & fittings
25% straight line basis
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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.
Narayanswarup (UK) Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Trade debtors
298,204
133,250
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
148,699
154,816
Taxes and social security
72,403
35,708
Loans from directors
4,106
3,080
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).