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Notes to Accounts of Regent Enterprises Ltd.

Mar 31, 2015

1. Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

2. No provision has been made of interest on short term loans and advances given.

3. No deposit has been accepted from the public under Section 73 of the Companies Act 2013.

4. Previous year figures have been regrouped or rearranged wherever necessary.

5. Figures are rounded off to nearest rupee.

6. Accounting for Taxes on income -

7. In accordance with the requirements under the Accounting Standard 22 - "Accounting for taxes on income", there is no timing difference arises during the year hence the Company has not created any Deferred Tax asset/liability during the year.

8. The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

9. There was no due as at 31.03.2015 under Micro Small and Medium Enterprises Act. 2006.


Mar 31, 2013

Note:1 Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

Note:2 No provision has been made of interest on short term loans and advances given.

Note:3 No deposit has been accepted from the public under Section 58(A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

Note:4 Previous year figures have been regrouped or rearranged wherever necessary

Note:5 Figures are rounded off to nearest rupee.

Note:6 Accounting for Taxes on income-

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has created Deferred Tax Liability of Rs. 134473/- during the year.

Note:24 The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

Note:7 There was no due as at 31.03.2013 under Micro Small and Medium Enterprises Act. 2006


Mar 31, 2012

Note "1" Director Remuneration

31.03.2012 31.03.2011

Salary NIL NIL

Note "2" Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

Note "3" No provision has been made of interest on short term loans and advances given.

Note "4" No deposit has been accepted from the public under Section 58(A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

Note"5" Previous year figures have been regrouped or rearranged wherever necessary

Note"6" Figures are rounded off to nearest rupee.

Note"7" Accounting for Taxes on income -

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has created Deferred Tax Assets of Rs. 45174/-- during the year.

Note"8" The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

Note"9" There was no due as at 31.03.2012 under Micro Small and Medium Enterprises Act. 2006


Mar 31, 2011

1. Investments have been verified and certified by the management. Investments of the company in the form of shares and Govt. securities are either lodged or transferred or held with valid transfer forms as certified.

2. No provision has been made of interest on short term loans and advances given.

3. No deposit has been accepted from the public under Section 58 (A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

4. Previous year figures have been regrouped or rearranged wherever necessary.

5. Figures are rounded off to nearest rupee.

6. The deferred tax assets arisen on account of unabsorbed depreciation and Carry Forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts.

7. There was no due as at 31.03.2011 under Micro Small and Medium Enterprises Act. 2006


Mar 31, 2010

1. Investments have been verified and certified by the management, investments of the company in the form of shares and Govt, securities are either lodged or transferred or held with valid transfer forms as certified.

2. No provision has been made of interest on short term loans and advances given.

3. No deposit has been accepted from the public under section 58 (A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

4. Previous year figures have been regrouped or rearranged wherever necessary.

5. Figures are rounded off to nearest rupee.

6. Accounting for Taxes on income -

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has provided for deferred tax Assets / liabilities of Rs. 20, 30,916/- during the year.

The deferred tax assets arisen on account of unabsorbed depreciation and carry forward Losses have been recognized and carried forward only to the extent where there is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts. 9. There was no due as at 31.03.2010 under Micro Small and Medium Enterprises Act. 2006


Mar 31, 2009

1. Some of the balances stated in current assets, loan & advances , sundry debtors and sundry creditors are subject to confirmation and reconciliation.

2. Investments have been verified and certified by the management, investments of the company in the form of shares and Govt, securities are either lodged or transferred or held with valid transfer forms as certified.

3. No provision has been made of interest on short term loans and advances given.

4. No deposit has been accepted from the public under section 58 (A) of the Companies Act 1956 and the Companies (Acceptance of Deposits) Rules, 1975.

5. Previous year figures have been regrouped or rearranged wherever necessary. Jl. Figures are rounded off to nearest rupee.

6. Accounting for Taxes on income

In accordance with the requirements under the Accounting Standard 22-"Accounting for taxes on income", the Company has provided for deferred tax liabilities of Rs, 1489170/- during the year Deferred Tax Assets & Liabilities as on 31st March,2009 are as under

The deferred tax assets arisen on account of unabsorbed depreciation and carry forward. Losses have been recognised and carried forward only to the extent where there Is reasonable extent & where there is reasonable certainty that sufficient future taxable income will be available against which such deferred tax assets can be adjusted. The deferred tax liability has arisen principally on account of the time difference between the depreciation admissible under the Income Tax Act and the depreciation adjusted in the accounts. It is the reason that amount shown as deferred tax liabilities in the financial statements for the F.Y. 2007-08 was less by Rs.22,72,294/- and amount of Profit & Loss carried forward was more.


Mar 31, 2002

1. Current Assets including balance Loans & Advances and current 1iabilities are subject to confirmation & reconci1iation , if any.

2. In the opinion of Board of Directors current assets, loans and advances have the value at which they were stated in the Balance Sheet, if realised in the ordinary course of business.

3. Previous year figures have been regrouped/recasted wherever considered necessary.

4. Remittance in foreign currency during the year Nil (Previous year ............. NIL)

5 Expenses in foreign Currency during the year Nil (Previous year.............. Ni1)

6 . Earning in foreign currency during the year Nil (Previous year.............. Nil )

7. Amount overdue to SSI units at the year end Nil

8. Contigent liability NIL. at the end of the accounting year.

9. Related party disclosure, as required by As-18, "Related party Disclosures" are given below.

Key management personnel

Mr. J. P. Jain Director

Mr. Sukhbir Singh Director

Mr. Jasrsj Jain Director

10. Additional information are required under 3 and 4 of part II of schedule III of the companies Act, 1956 has been give to the extent it is applicable

11. Schedule A to L forms an integral part of the Profit and Loss Account and Balance Sheet as at 31st March, 2002.

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