STUDYTONIGHT TECHNOLOGIES PRIVATE LIMITED

NOTE : 1

Significant Accounting Policies and Notes to Accounts

1 Significant Accounting Policies

1.1 Basis of Accounting

The financial statements are prepared under historical cost convention on accrual basis and in accordance
with the requirement of Companies Act, 2013. The Accounting policies, except otherwise stated, have
been consistently applied by the company.

1.2 Tangible Assets

Fixed Assets are stated at cost, less accumulated depreciation and impairment losses, if any. Cost comprises
the purchase price and any attributable cost of bringing the assets to its working condition for its intended use.

1.3 Taxations

(a) Deferred Tax :

Deferred Tax is recognized, subject to the consideration of prudence, as the tax effect of timing difference
between the taxable income & accounting income computed for the current accounting year and reversal
of earlier year's timing difference.

Deferred Tax Assets are recognized & carried forward to the extent that there is a reasonable certainty, except
arising from unabsorbed depreciation and carry forward losses, which are recognised to the extent that there
is virtual certainty, that sufficient future taxable income will be available against which such deferred tax
assets can be realised

(Amount in Hundred Rupees)

(B) NOTES TO THE FINANCIAL STATEMENTS AS AT 31 st MARCH, 2022

2 Share Capital

Particulars As at 31st March, 2022 As at 31st March, 2021

Number Amount(Rs.) Number Amount(Rs.)
Authorised
Equity Share of Rs. 10/- each 10000 1,000.00 10000 1,000.00
10000 1,000.00 10000 1,000.00
Issued, Subscribed & Fully Paid up
Equity Share of Rs.10/- each
Opening 10,000.00 1,000.00 - -
Additions - - 10,000.00 1,000.00
Deductions - - - -
Closing 10,000.00 100,000.00 10000 1,000.00
-
Total 10000 100,000.00 10000 1,000.00

2.1 Equity Shares

The equity shares have a par value of Rs.10 per share. Each shareholder is entitled to one vote per share. In
the event of liquidation of the company, after distribution of all preferential amounts, if any. The distribution
will be proportion to the number of equity shares held by the shareholders.
2.2 The following holds more than 5% in equity shares of the company

Name of Shareholder As at 31st March, 2022 As at 31st March, 2021

No. of Shares % of Holding No. of Shares % of Holding
held held

Abhishek Ahlawat 9900 99% 9900 99%

Supriya Kachroo 100 1% 100 1%

3 Reserves and Surplus

(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021
(A) Surplus in statement of Profit & Loss
Opening Balance (2,013.93) -
Add: Net profit for the current year 1,309.94 (2,013.93)
Add: Deferred Tax Liability Written Off - -

Closing Balance (703.98) (2,013.93)

4 Long Term Borrowings

(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021

Abhishek Alhawat - 1,540.00

Anurag Sinha 50.00 550.00
Rashmi Ahlawat 534.22
Studytonight Technologies(Proprietorship) 2,250.00
Supriya Kachroo 310.00
-
Closing Balance 3,144.22 2,090.00

5 Other Current Liabilities

(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021

Audit Fees Payable 150.00 50.00

Accounting Charges Payable 300.00 60.00
Salary Payable 1,520.00
Server Expense Payable 240.78
-
Closing Balance 2,210.78 110.00

6 Other non Current Assets

(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021
-
Preliminary Expenses 90.00 120.00
-
Closing Balance 90.00 120.00

7 Cash & Bank Balances

(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021
(A) Cash & Cash Equivelents
Cash in Hand 85.00
(B) Bank Balances 1,089.25 358.48
(C) Fixed Deposite with Banks 3,600.00

Total 4,774.25 358.48

8 Other Income
(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021

Interest on FD 2.31 -
Misc Receipts 0.58 -

Total 2.89 -

8 Employee Benefit Expense

(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021

Salary 21,940.00 1,636.74

Stipend 4,152.63 605.00
Director Remuneration 8,720.00
Staff Welfare Expenses 419.22

Total 35,231.85 2,241.74

8 Other Expenses
(Rs.)
Particulars As at 31st As at 31st
March 2022 March 2021
Accounting Charges 300.00 60.00
Artist Fees - 15.00
Audit Fees 150.00 50.00
Bank Charges 130.82 3.90
Books & Periodicals 35.13 -
Business Promotion - 38.98
Content Fees 250.48 -
Conveyance Expenses 859.05 -
Electricity and Maintainance Expenses 632.25 111.49
Internet Expenses 129.21 11.80
Legal & Professional Fees 280.00 -
Misc Expenses 76.17 -
Office Expenses 392.56 47.68
Preliminary Expenses W/off 30.00 30.00
Rent 1,510.00 210.00
Repair & Maintenance(Computer) 204.96 -
Server Expenses 1,534.31 34.34
Social Media Expense 129.11 -
Software Expense 279.00 -
Sweeper Expense 360.00 -
Telephone Expenses 42.00 -
Tour & Travelling Expenses 19.99 -
Training Expenses 76.66 -
Website and Domain Expenses 1,675.70 420.30
Writing Application Fees 109.17 -

Total 9,206.59 1,033.49

10 In the opinion of the management , the value on realization of current assets, loans & advances in the ordinary
course of business would not be less than the amount at which they are stated in the Balance Sheet and
provisions for all known liabilities has been made.

11 The Director's are sacrificing the Meeting fees.

12 There is no contingent liabilities of the company as on date.

13 Claims against the company not acknowledge, as debts are NIL.

14 All Known Liabilities have been accounted for in the books of accounts.
 15 Previous year figures have been regrouped or rearranged whenever necessary to make them comparable with
those of current year.

16 Unsecured loans are subject to confirmation from the party.

st
17 Note 1 to 14 are annexed to and form an integral part of the Balance Sheet as at 31 March 2022 and Statement
of Profit & Loss for the Year ended as on that date.

For SAHIL ARORA & ASSOCIATES For STUDYTONIGHT TECHNOLOGIES PRIVATE LIMITED
Chartered Accountants
Firm Reg. No. 026373N

ABHISHEK AHLAWAT SUPRIYA KACHROO

(Director) (Director)
Sahil Arora DIN: 07642570 DIN: 09001194
Proprietor
M. No. 522655
UDIN:22522655BCMXLM2428
Place : Faridabad
Date : 10.09.2022
 STUDYTONIGHT TECHNOLOGIES PRIVATE LIMITED
(Amount in Hundred Rupees)
Sch : 7 Fixed Assets
Gross Block Depreciaton Net Block
Value at
Value at Addition Deductio Dep on
Value at the During the Value at WDV as on WDV as on
Sr. No Particulars Rate the during the n during sold
the end beginnin year the end 31.03.2022 31.03.2021
beginning year the year Assets
g
Tangible Assets
1 Laptop & Computer 63.16% - 2,250 - 2,250 - 1,421 - 1,421 829 -

2 Furniture 25.89% - 175 - 175 - 3 - 3 172 -

SUB TOTAL (A) - - - 2,425 - 1,424 - 1,424 1,001 -

Note No. 2.24 Related Party Disclosure

(A) Related Parties and their relationship :

I. Key Management Personnel [Para 3(d) of AS-18]:

1 Abhishek Ahlawat Director
2 Supriya Kachroo Director

II. Enterprises/Personnel under Significant Influence of Key Management Personnel and their Relatives [Para 3(e) of AS-18]:
Anurag Sinha
Rashmi Ahlawat
Studytonight Technologies(Proprietorship)

(B) Related Parties Transactions:

Amount of transaction in Rs. Outstanding Outstanding
Nature of During Current Year During Previous year Balance at the Balance at the
Nature of Transaction
Transaction end of the end of the
Receipt Payment Receipt Payment
Current year Previous year
1. Transaction during the year
Key Management Personnel
Abhishek Ahlawat Loan 27,227.00 - - 2,250.00 1,540.00
Supriya Kachroo Loan 310.00 - - - 310.00 -

2. Enterprises in which Key

Management Personnel is
interested:
Anurag Sinha Loan 500.00 50.00 550.00
Rashmi Ahlawat Loan 534.22 534.22 -

Contingent Liabilities
Note No. 2.25 Claims against the company not acknowledged as debts:
CURRENT YEAR: NIL
PREVIOUS YEAR: NIL

Note No. 2.26 Estimated amount of contracts remaining to be executed on capital account and not provided for:
CURRENT YEAR: NIL
PREVIOUS YEAR: NIL

Note No. 2.27 In the opinion of the Board of Directors, the current assets, loans and advances have a value on realization in the ordinary course of business at least equal to the
amount at which they are stated in the Balance Sheet.

Note No. 2.28 Balances with Trade Receivables / Trade Payables and Loans & advances are Subject to confirmation

Note No. 2.29 The ratios as per the latest amendment to Schedule III are as below:
Year ended Year ended
March 31, 2022 March 31, 2021
1 Current Ratio 1.87 3.26
(Total current assets/Current liabilities)
[Current liabilities: Total current liabilities - Current maturities of non-current borrowings and lease obligations]

2 Net Debt Equity Ratio 10.62 (2.06)

(Net debts/ Average equity)
[Net debt: Non-current borrowings + Current borrowings + Non-current and current lease liabilities - Current investments
[Equity: Equity share capital + Other equity + Hybrid perpetual securities]

3 Debt service coverage ratio - -

(EBIT/(Net finance charges + Interest income from group companies + Scheduled principal repayments of non-current
[Net finance charges: Finance costs (excluding interest on current borrowings) - Interest income - Dividend income from

4 Return on Equity (%) 442.53% 198.63%

(Profit after tax (PAT)/ Average Equity)
[Equity: Equity share capital + Other equity + Hybrid perpetual securities]

5 Inventory turnover ratio (in days)" - -

(Average inventory/Sale of products in days)

6 Debtors turnover ratio (in days) - 0

(Average trade receivables/Turnover in days)
[Turnover: Revenue from operations]

7 Trade payables turnover ratio (in days) - -

(Average Trade Payables/Expenses)
[Expenses: Total Expenses - Finance Cost - Depreciation and Amortisation Expense - Employee Benefit Expenses in

8 Net capital turnover ratio (in days) - -

(Average working capital/Turnover)
[Working capital: Current assets - Current liabilities] [Current liabilities: Total current liabilities - Current maturities of
[Turnover: Revenue from operations]

9 Net profit ratio (%)* 2.72% -363.72%

(Net profit after tax/Turnover)
[Turnover: Revenue from operations]

10 Return on Capital Employed (%)" 38.08% -187.16%

 (EBIT/Average capital employed)
[Capital Employed: Equity share capital + Other equity + Hybrid perpetual securities + Non current borrowings + Current
[EBIT: Profit before taxes +/(-) Exceptional items + Net finance charges]
[Net finance charges: Finance costs - Interest income - Dividend income from current investments - Net gain/(loss) on

11 Return on investment (%) - -

(Net gain/(loss) on sale/fair value changes of mutual funds/Average investment funds in current investments)

Note No. 2.30 Previous year's figures have been regrouped /rearranged wherever necessary to make them comparable with current year's figures.