Registered number 08268718
GB SRS BRUNDAVAN
Report and Accounts
31 October 2022
GB SRS BRUNDAVAN Registered number: 08268718 Directors' Report
The directors present their report and accounts for the year ended 31 October 2022.
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 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 14 July 2023 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 2022
| Turnover Administrative expenses Other operating income Operating (loss)/profit (Loss)/profit on ordinary activities before taxation Tax on (loss)/profit on ordinary activities (Loss)/profit for the financial year |
2022 £ 58,495 (70,383) 1,575 (10,313) (10,313) - (10,313) |
2021 £ 35,078 (32,038) - |
|---|---|---|
| 3,040 | ||
| 3,040 - |
||
| 3,040 |
2
GB SRS BRUNDAVAN Registered number: 08268718 Balance Sheet as at 31 October 2022
| 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 |
2022 £ 769 7,000 50,520 57,520 (6,418) 51,102 51,871 51,871 51,871 |
2021 £ 937 7,000 55,082 62,082 (836) 61,246 62,183 62,183 62,183 |
2021 £ 937 7,000 55,082 62,082 (836) 61,246 62,183 62,183 62,183 |
|---|---|---|---|
| 62,183 | |||
| 62,183 | |||
| 62,183 |
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 14 July 2023
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GB SRS BRUNDAVAN Statement of Changes in Equity for the year ended 31 October 2022
| At 1 November 2020 Profit for the financial year At 31 October 2021 At 1 November 2021 Loss for the financial year At 31 October 2022 |
Profit and loss account £ 59,143 3,040 62,183 62,353 (10,313) 52,040 |
Total £ 59,143 3,040 |
|---|---|---|
| 62,183 | ||
| 62,353 (10,313) |
||
| 52,040 |
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GB SRS BRUNDAVAN Notes to the Accounts for the year ended 31 October 2022
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:
Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years 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 2022
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 2021 At 31 October 2022 Depreciation At 1 November 2021 Charge for the year At 31 October 2022 Net book value At 31 October 2022 At 31 October 2021 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other taxes and social security costs Other creditors |
2022 Number 1 2022 £ 7,000 2022 £ (39) 6,457 6,418 |
2021 Number 2 |
|---|---|---|
| Plant and machinery etc £ 1,685 |
||
| 1,685 | ||
| 748 169 |
||
| 917 | ||
| 768 | ||
| 937 | ||
| 2021 £ 7,000 |
||
| 2021 £ (107) 943 |
||
| 836 |
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
6
GB SRS BRUNDAVAN Detailed profit and loss account for the year ended 31 October 2022
This schedule does not form part of the statutory accounts
| Sales Administrative expenses Other operating income Operating (loss)/profit (Loss)/profit before tax |
2022 £ 58,495 (70,383) 1,575 (10,313) (10,313) |
2021 £ 35,078 (32,038) - |
|---|---|---|
| 3,040 | ||
| 3,040 |
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GB SRS BRUNDAVAN Detailed profit and loss account for the year ended 31 October 2022
This schedule does not form part of the statutory accounts
| Administrative expenses Wages and salaries Pensions Travel and subsistence Rent Light and heat Operating expenses Telephone and fax Bank charges Insurance Repairs and maintenance Dep Expenses Sundry expenses Other legal and professional Other operating income Other operating income |
2022 £ 16,734 221 446 20,659 3,763 16,769 994 117 753 3,994 169 1,867 3,897 70,383 1,575 |
2021 £ 6,000 - 1,277 14,644 553 4,414 890 106 830 161 169 - 2,994 |
|---|---|---|
| 32,038 | ||
| - |
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