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
1
## **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
3
## **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|
4
**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.
5
**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|
7
## **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|
|||-|
8