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REGISTERED NUMBER: 06031095 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2017

for

Srindu Soft Ltd

Srindu Soft Ltd (Registered number: 06031095)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Srindu Soft Ltd

Company Information
for the Year Ended 31 December 2017







DIRECTOR: Mrs B C Prathap





SECRETARY: V S Konala





REGISTERED OFFICE: 39 Ludgate Hill City
London
EC4M 7JN





REGISTERED NUMBER: 06031095 (England and Wales)





ACCOUNTANTS: Euro Andertons LLP
2nd Floor,
39 Ludgate Hill
London
EC4M 7JN

Srindu Soft Ltd (Registered number: 06031095)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 766,032 10,695
Investments 5 100 100
766,132 10,795

CURRENT ASSETS
Debtors 6 94,698 292,670
Cash at bank 8,499 25,134
103,197 317,804
CREDITORS
Amounts falling due within one year 7 198,987 168,133
NET CURRENT (LIABILITIES)/ASSETS (95,790 ) 149,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

670,342

160,466

CREDITORS
Amounts falling due after more than one
year

8

(512,094

)

(14,307

)

PROVISIONS FOR LIABILITIES (2,211 ) (2,102 )
NET ASSETS 156,037 144,057

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 155,937 143,957
SHAREHOLDERS' FUNDS 156,037 144,057

Srindu Soft Ltd (Registered number: 06031095)

Balance Sheet - continued
31 December 2017


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 28 September 2018 and were signed by:





Mrs B C Prathap - Director


Srindu Soft Ltd (Registered number: 06031095)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Srindu Soft Ltd is a private company, limited by shares , registered in England and Wales. The company's
registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Computer Equipment 33.33% on straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
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 benefits
The 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2016 - 30 ) .

Srindu Soft Ltd (Registered number: 06031095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

4. TANGIBLE FIXED ASSETS
Freehold Computer
property equipment Totals
£    £    £   
COST
At 1 January 2017 - 54,040 54,040
Additions 756,357 12,672 769,029
At 31 December 2017 756,357 66,712 823,069
DEPRECIATION
At 1 January 2017 - 43,345 43,345
Charge for year - 13,692 13,692
At 31 December 2017 - 57,037 57,037
NET BOOK VALUE
At 31 December 2017 756,357 9,675 766,032
At 31 December 2016 - 10,695 10,695

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2017
and 31 December 2017 100
NET BOOK VALUE
At 31 December 2017 100
At 31 December 2016 100

Srindu Soft Ltd holds 100% share capital of Optim Technologies Ltd, The Value are declared as book Value

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 53,003 230,480
Amounts owed by associates 41,695 -
Other debtors - 62,190
94,698 292,670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Bank loans and overdrafts 48,006 409
Trade creditors 18,503 10,032
Amounts owed to associates - 81,305
Taxation and social security 23,160 73,753
Other creditors 109,318 2,634
198,987 168,133

Srindu Soft Ltd (Registered number: 06031095)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.17 31.12.16
£    £   
Bank loans 512,094 14,307

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 512,094 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2017 and
31 December 2016:

31.12.17 31.12.16
£    £   
Mrs B C Prathap
Balance outstanding at start of year 65 (39,882 )
Amounts advanced (106,749 ) 39,947
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (106,684 ) 65

At the balance sheet date, the company owes the director Mrs B C Prathap £91,446.00 (2016: £65 Dr). This is a
interest free loan to the company.

At the balance sheet date, Srindu Soft Ltd is owed £11695 by Optim Technologies Ltd, and is being owed
£30,000 by Ampower Ltd.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs B C Prathap.

At the balance sheet date, Mr. V S Konala & Mrs. Chittoor Prathap Bindu Madhavi own 50% share each in the
company and therefore, they are the ultimate controlling party.