Company Registration No. 11989022 (England and Wales)
Skanda Tech Solutions Ltd
Unaudited accounts
for the period from 10 May 2019 to 31 May 2020
Skanda Tech Solutions Ltd
Unaudited accounts
Contents
Skanda Tech Solutions Ltd
Statement of financial position
as at
31 May 2020
Cash at bank and in hand
31,946
Creditors: amounts falling due within one year
(18,473)
Net current assets
13,473
Called up share capital
10
Profit and loss account
13,875
Shareholders' funds
13,885
For the period ending 31 May 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 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 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 and authorised for issue on 6 January 2021 and were signed on its behalf by
Mr Venkata Krishna Devarapalli
Director
Company Registration No. 11989022
Skanda Tech Solutions Ltd
Notes to the Accounts
for the period from 10 May 2019 to 31 May 2020
Skanda Tech Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11989022. The registered office is 6 St. Michaels Court, Ruscombe, Reading, RG10 9UF, 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 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.
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% Straightline
Computer equipment
25% Straightline
4
Tangible fixed assets
Fixtures & fittings
Cost or valuation
At cost
Charge for the period
138
5
Creditors: amounts falling due within one year
2020
Taxes and social security
15,863
Skanda Tech Solutions Ltd
Notes to the Accounts
for the period from 10 May 2019 to 31 May 2020
6
Average number of employees
During the period the average number of employees was 1.