SRINDU SOFT LTD

Company Registration Number:
06031095 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

SRINDU SOFT LTD

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

SRINDU SOFT LTD

Balance sheet

As at 31 December 2018


Notes

2018

2017


£

£
Fixed assets
Tangible assets: 3 103,038 12,015
Investments: 4 1,108,100 756,457
Total fixed assets: 1,211,138 768,472
Current assets
Debtors:   147,372 94,698
Cash at bank and in hand: 44,501 8,499
Total current assets: 191,873 103,197
Creditors: amounts falling due within one year:   (248,397) (205,059)
Net current assets (liabilities): (56,524) (101,862)
Total assets less current liabilities: 1,154,614 666,610
Creditors: amounts falling due after more than one year:   (631,589) (512,094)
Provision for liabilities: (86,366) (1,904)
Total net assets (liabilities): 436,659 152,612
Capital and reserves
Called up share capital: 100 100
Revaluation reserve: 5 351,643 0
Profit and loss account: 84,916 152,512
Shareholders funds: 436,659 152,612

The notes form part of these financial statements

SRINDU SOFT LTD

Balance sheet statements

For the year ending 31 December 2018 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 September 2019
and signed on behalf of the board by:

Name: Ms B M Chittoor Prathap
Status: Director

The notes form part of these financial statements

SRINDU SOFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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

Tangible fixed assets and depreciation policy

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

Other accounting policies

Investment propertyInvestment properties are properties held to earn rentals and or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit and loss in the period in which they arise. Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. No depreciation is provided on investment properties this represents a departure from the requirements of the Companies Act. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure consumption and to depreciate them would not give a true and fair view. However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise have been shown cannot be separated or quantified.Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SRINDU SOFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Employees

2018 2017
Average number of employees during the period 0 17

SRINDU SOFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Tangible Assets

Total
Cost £
At 01 January 2018 66,712
Additions 135,595
At 31 December 2018 202,307
Depreciation
At 01 January 2018 54,697
Charge for year 44,572
At 31 December 2018 99,269
Net book value
At 31 December 2018 103,038
At 31 December 2017 12,015

SRINDU SOFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

4. Fixed investments

Investment PropertyCost £756,357Fair Value £351,643Net Book Value £1,108,000

SRINDU SOFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

5. Revaluation reserve

2018
£
Balance at 01 January 2018 0
Surplus or deficit after revaluation 351,643
Balance at 31 December 2018 351,643

SRINDU SOFT LTD

Notes to the Financial Statements

for the Period Ended 31 December 2018

6. Loans to directors

Name of director receiving advance or credit: Mrs B M Chittor Prathap
Description of the loan: Director is owed £65,580 (2017: £106,684) by the compnay.
£
Balance at 01 January 2018 106,684
Advances or credits repaid: 41,104
Balance at 31 December 2018 65,580