ProfitLoss (7)

M/S SAMEER YADAV
MANDI SAMITI, Shikohabad, FIROZABAD

**************************************************
BALANCE SHEET AS ON 31/03/2024
LIABILITIES SCH AMOUNT AMOUNT A S S E T S SCH AMOUNT AMOUNT
Proprietor's Capital A/c FIXED ASSETS 4 16,775.00 16,775.00

Sameer Yadav 1 15,89,552.53 15,89,552.53
INVESTMENT -----------
LOANS AND ADVANCES
LOANS CURRENT ASSETS, LOANS & ADVANCES
1. Secured Loans ------------- CURRENT ASSETS
From Bank Closing Stocks -----------
2. Unsecured Loans ------------- ------------- ( Valued & Certified by
From Friends & Relatives the Proprietor)
Sundry Debtors --------- ----------
CURRENT LIABILITIES & PROVISIONS (Unsecured but considered good
CURRENT LIABILITIES by the Proprietor)
1. Sundry Creditor 2 8,70,476.00 Cash in Hand 4,06,597.99
2. Provision 3 11,000.00 8,81,476.00 Cash at Bank 5 6,16,337.54 10,22,935.53
LOANS AND ADVANCES

Advance to Govt 6 1,77,318.00
Advance Security & Fees 7 12,54,000.00 14,31,318.00
Total 24,71,028.53 Total 24,71,028.53
Significant Accounting Policies Form An Integral Part Of Balance Sheet

As Per Our Auditor's Report of Even Date Attached
For M/s Sameer Yadav For Verma Krishna & Company

Chartered Accountants
FRN: 036610C
s/d CA Krishna Verma

Shri Sameer Yadav (Proprietor)
(Proprietor) Membership No. 478103
Date:19/09/2024
Udin: 24478103BKXCET8418
Place: Agra
M/S SAMEER YADAV
MANDI SAMITI, Shikohabad, FIROZABAD
**************************************************
TRADING, PROFIT & LOSS ACCOUNT
(For The Period 01.04.2023 to 31.03.2024)
PARTICULARS AMOUNT P A R T I C U L A R S AMOUNT

To Purchases 8 1,77,31,858.00 By Sale 10 2,05,68,540.00
To Direct Exps. 9 2,76,540.00
To Gross Profit c/d 25,60,142.00
Total 2,05,68,540.00 Total 2,05,68,540.00

To Accounting Charge 36,000.00 By Gross Profit b/d 25,60,142.00
To Travelling Exps. 86,840.00 By SB interset 3,095.00
To Mobile & Internet Exp 16,540.00 By Interest On FDR 8,753.00
To Audit Fees 11,000.00
To Legal Fees 8,600.00
To Rent 2,16,000.00
To License Fee 6,95,000.00
To Leakage 86,320.00
To Renewal Fee 1,05,000.00
To Depreciation 2,960.00
To Bank Charges 2,668.00
To Electricity Exp. 1,05,230.00
To Stationery Exps. 12,130.00
To General Exp 86,190.00
To Staff Salary 2,88,000.00
To Shop Exps. 65,840.00
To Net Profit (Trfd. to Prop's Capital A/c) 7,47,672.00
Total 25,71,990.00 Total 25,71,990.00
Significant Accounting Policies Form An Integral Part Of Balance Sheet

As Per Our Auditor's Report of Even Date Attached
For M/s Sameer Yadav For Verma Krishna & Company

Chartered Accountants
FRN: 036610C
s/d CA Krishna Verma

Shri Sameer Yadav (Proprietor)
(Proprietor) Membership No. 478103
Date:19/09/2024
Udin: 24478103BKXCET8418
Place: Agra
M/s Sameer Yadav
Notes forming part of the Financial Statements for the year ended, 31st March, 2024
Note - 1 Significant Accounting Policies

GENERAL
The financial statements are prepared in accordance with generally accepted accounting
principles followed in India under historic cost convention on accrual basis and on assumption of
going concern. These statements are prepared in accordance with applicable accounting
standards prescribes by ICAI.
METHOD OF ACCOUNTING
The entity follows mercantile system of accounting and recognizes all material items of income
and expenditure on accrual basis. The account are maintained consistently on accrual basis
and on assumption of going concern so as to present true and fair view of state of affairs and
profit of the business.
VALUATION OF INVENTORIES
The enterprise has valued the inventory on lower of cost or net realizable value. The costs of
purchase consists of purchase price including duties and taxes (other than those subsequently
recoverable by the enterprise from the taxing authorities), freight inwards and other expenditure
directly attributable to the acquisition. The exclusion of taxes from the cost of purchase, sale
and inventories do not affect the net assessable income of the enterprise as per provisions of
Income Tax. This treatment of valuation of purchases, sales and stocks is in conformity with
Accounting Standard 2 issued by ICAI. The enterprise has been following this method regularly
for valuation of inventory.
REVENUE RECOGNITION
The enterprise has recognized revenue arising in the course of ordinary activities relating to sale
of goods on issue of invoice, sale return if any has been adjusted therefrom. The treatment of
sale do not affect assessable income of the enterprise. Other income are recognized when right
to receive is established and when no uncertainty exists regarding determination of amount.
FIXED ASSETS
Fixed assets are stated at cost less depreciation, cost of fixed assets is comprised of its
purchase price, including import duty and other nonrefundable taxes or levies and any directly
attributable cost of bringing the assets to its working condition for its intended use; any trade
discounts and rebate are deducted in arriving at the purchase price.
DEPRECIATION
Depreciation on fixed assets have been provided as prescribes in Income Tax Act, 1961.
BORROWING COST
The enterprise has a policy of capitalizing borrowing costs that are directly attributable to the
acquisition of qualifying assets as cost of the asset from the date of such borrowing to the date
when such asset is first put to use. Other borrowing costs are recognized as expense in the
period in which it is incurred.
PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

The enterprise has a policy to recognize contingent liability when a present obligation arises as
a result of past event and it is probable that an outflow of resources embodying economic
benefits will be required to settle the obligation and a realizable estimate can be made of the
amount of obligation.
PRIOR PERIOD ITEMS
No items of prior period have been debited/ credited to the financial statements.
OTHER NOTES
Balance confirmations have not been received from most of the debtors/ creditors. The
enterprise has not received from almost all the vendors/suppliers information as required to be
filed under Micro, Small and Medium Enterprise Development Act, 2006, claiming their status as
Micro, Small or Medium.

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M/S SAMEER YADAV

MANDI SAMITI, Shikohabad, FIROZABAD

LIABILITIES SCH AMOUNT AMOUNT A S S E T S SCH AMOUNT AMOUNT

Proprietor's Capital A/c FIXED ASSETS 4 16,775.00 16,775.00

LOANS AND ADVANCES

Total 24,71,028.53 Total 24,71,028.53

Significant Accounting Policies Form An Integral Part Of Balance Sheet

For M/s Sameer Yadav For Verma Krishna & Company

s/d CA Krishna Verma

PARTICULARS AMOUNT P A R T I C U L A R S AMOUNT

Total 2,05,68,540.00 Total 2,05,68,540.00

Significant Accounting Policies Form An Integral Part Of Balance Sheet

For M/s Sameer Yadav For Verma Krishna & Company

s/d CA Krishna Verma

Note - 1 Significant Accounting Policies

PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

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