2020-10-31-accounts

Registered number 08268718

GB SRS BRUNDAVAN

Report and Accounts

31 October 2020

GB SRS BRUNDAVAN Registered number: 08268718 Directors' Report

The directors present their report and accounts for the year ended 31 October 2020.

Principal activities

The company's principal activity during the year was that of charitable activities

Directors

The following persons served as directors during the year:

Gargeshnari Raghunatharao Badrinath Ragavendiran Govinda Rao Prahllada Purohit Vidyasagar Jyoshi (Resigned on 19/11/2020) Gubbi Nagaraj Srihari

Small company provisions

This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 2 July 2021 and signed on its behalf.

G R Badrinath Director

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GB SRS BRUNDAVAN Profit and Loss Account for the year ended 31 October 2020

Turnover Administrative expenses Operating (loss)/profit (Loss)/profit on ordinary activities before taxation Tax on (loss)/profit on ordinary activities (Loss)/profit for the financial year	2020 £ 69,295 (79,039) (9,744) (9,744) - (9,744)	2019 £ 94,722 (80,534)
		14,188
		14,188 -
		14,188

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GB SRS BRUNDAVAN Registered number: 08268718 Balance Sheet as at 31 October 2020

Notes Fixed assets Tangible assets 3 Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds	2020 £ 1,274 7,000 52,159 59,159 (1,122) 58,037 59,311 59,311 59,311	2019 £ 1,274 7,000 61,673 68,673 (892) 67,781 69,055 69,055 69,055	2019 £ 1,274 7,000 61,673 68,673 (892) 67,781 69,055 69,055 69,055
			69,055
			69,055
			69,055

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

G R Badrinath Director Approved by the board on 2 July 2021

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GB SRS BRUNDAVAN Statement of Changes in Equity for the year ended 31 October 2020

At 1 November 2018 Profit for the financial year At 31 October 2019 At 1 November 2019 Loss for the financial year At 31 October 2020	Profit and loss account £ 54,867 14,188 69,055 69,055 (9,744) 59,311	Total £ 54,867 14,188
		69,055
		69,055 (9,744)
		59,311

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GB SRS BRUNDAVAN Notes to the Accounts for the year ended 31 October 2020

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of 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

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Fixtures, fittings, tools and equipment

At Cost

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Taxation

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

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GB SRS BRUNDAVAN Notes to the Accounts for the year ended 31 October 2020

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Pensions

Contributions to defined contribution plans are expensed in the period to which they relate.

2 Employees Average number of persons employed by the company 3 Tangible fixed assets Cost At 1 November 2019 At 31 October 2020 Depreciation At 1 November 2019 At 31 October 2020 Net book value At 31 October 2020 At 31 October 2019 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors	2020 Number 3 2020 £ 7,000 2020 £ (68) 1,190 1,122	2019 Number 2
		Plant and machinery etc £ 1,685
		1,685
		411
		411
		1,274
		1,274
		2019 £ 7,000
		2019 £ - 892
		892

6 Other information

GB SRS BRUNDAVAN is a private company limited by shares and incorporated in England. Its registered office is: 2 White Hart Road Slough SL1 25F

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GB SRS BRUNDAVAN Detailed profit and loss account for the year ended 31 October 2020

This schedule does not form part of the statutory accounts

Sales Administrative expenses Operating (loss)/profit (Loss)/profit before tax	2020 £ 69,295 (79,039) (9,744) (9,744)	2019 £ 94,722 (80,534)
		14,188
		14,188

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GB SRS BRUNDAVAN Detailed profit and loss account for the year ended 31 October 2020

This schedule does not form part of the statutory accounts

Administrative expenses Wages and salaries Pensions Travel and subsistence Rent Service charges Light and heat Operating expenses Telephone and fax Postage Bank charges Insurance Repairs and maintenance Dep Expenses Sundry expenses Other legal and professional	2020 £ 16,221 63 1,833 21,604 48 2,879 31,994 840 30 68 796 160 - 700 1,803 79,039	2019 £
		16,804 - 2,587 12,000 253 2,930 31,598 737 402 135 740 156 169 6,307 5,716
		80,534

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