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Notes to Accounts of Veronica Production Ltd.

Mar 31, 2015

1) Figures have been re grouped and classified wherever they were necessary, some of the figures are shown at their nearest rupee. Totaling, casting and balancing in books of accounts have been done by assessee and we have relied on it during course of audit. Test checks on scientific basis are applied in course of audit wherever necessary.

2) Receipts are neither issued for payment received from debtors nor obtained for payment made to creditors.

3) Wherever bills are not available vouchers are prepared and certified by the assessee.

4) There are no direct personal expenses debited to profit & loss account, however personal expenditure if any included in expenses like telephone expenses, vehicle expenses etc., are not identifiable / separable.


Mar 31, 2013

1. Deferred Tax

Deferred Tax is calculated at the tax rate and laws that have been enacted or subsequently enacted as of the Balance Sheet date and is recognized on timing difference that originate in one period and are capable of reversing in one period and are capable of reversing in one or more subsequent period. Deferred Tax, subject to consideration of prudence are recognized and carried forward only to the extent that they can be realized

2. None of the employees of the Company has crossed the Limits Prescribed u/s. 217 (2A) of the Companies ( Particulars of Employees ) Amendment Rules, 1988 during the year.

3. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realized in the ordinary course of business and are subject to confirmation.

4. Additional Information under Schedule VI of the Companies Act, 1956 : Nil

5. Previous Year''s figure have been re-grouped / rearranged wherever essential.

6. Cash on hand at the yearend certified by the management. Moreover we are not physically Verified the Cash Balance as on 31-03-2013.


Mar 31, 2012

1. Deferred Tax

Deferred Tax is calculated at the tax rate and laws that have been enacted or subsequently enacted as of the Balance Sheet date and is recognised on timing difference that originate in one period and are capable of reversing in one period and are capable of reversing in one or more subsequent period. Deferred Tax, subject to consideration, of prudence, are recognised and carried forward only to the extent that they can be realized.

2. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in the ordinary course of business and are subject to confirmation.

3. Additional Information under Schedule VI of the Companies Act, 1956 : Nil

4. Previous Year''s figure have been re-grouped / rearranged wherever essential.

5. Cash on hand at the yearend certified by the management. Moreover we are not physically Verified the Cash Balance as on 31-03-2012.


Mar 31, 2011

1. In the opinion of the Board, Current Assets, Loans and Advances have the value at which they are stated in the Balance Sheet, if realised in the ordinary course of business and are subject to confirmation.

2. Additional Information under Schedule VI of the Companies Act, 1956 : Nil

3. Previous Year's figure have been re-grouped / rearranged wherever essential.

4. Cash on hand at the year end certified by the management. Moreover we are not physically Verified the Cash Balance as on 31-03-2011.

 
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