Accounting Policies of Adjia Technologies Ltd. Company

Mar 31, 2024

1. SIGNIFICANT ACCOUNTING POLICIES

1.01 BASIS OF ACCOUNTING AND PREPARATION OF FINANCIAL STATEMENTS

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting
Principles in India (Indian GAAP) to comply with the Accounting Standards specified under Section 133 of the
Companies Act, 2013 and the relevant provisions of the Companies Act, 2013 ("the 2013 Act"), as applicable. The
financial statements have been prepared on accrual basis under the historical cost convention. The accounting
policies adopted in the preparation of the financial statements are consistent with those followed in the previous
year.

Accounting policies not specifically referred to otherwise are consistent and in consonance with generally accepted
accounting principles in India.

All assets and liabilities have been classified as current or non-current as per the Company’s normal operating cycle
and other criteria set out in Schedule III to the Companies Act, 2013. Based on the nature of products and the time
between the acquisition of assets for processing and their realization in cash and cash equivalents, the Company has
determined its operating cycle as twelve months for the purpose of current - non-current classification of assets and
liabilities.

1.02 USE OF ESTIMATES

''The preparation of the financial statements in conformity with Indian GAAP requires the Management to make
estimates and assumptions considered in the reported amounts of assets and liabilities (including contingent
liabilities) and the reported income and expenses during the year. The Management believes that the estimates used
in preparation of the financial statements are prudent and reasonable. Future results could differ due to these
estimates and the differences between the actual results and the estimates are recognised in the periods in which the
results are known / materialize.

1.03 PROPERTY, PLANT & EQUIPMENT

All Fixed Assets are recorded at cost including taxes, duties, freight and other incidental expenses incurred in relation
to their acquisition and bringing the asset to its intended use.

1.04 DEPRECIATION / AMORTISATION
Tangible Assets:

Depreciation on fixed assets is calculated on a straight line method basis using the rates arrived at based on the useful
lives estimated by the management, or those prescribed under the Schedule II to the Companies Act, 2013. Individual
assets cost at residual value is calculated at 5% each . Intangible assets including internally developed intangible
assets are amortized over the year for which the company expects the benefits to accrue.

Intangible Assets:

Website & Software is amortised over a period of Ten years on straight line method.