Bijoy Hans Ltd. कंपली की लेखा नीति

Mar 31, 2025

1. MATERIAL ACCOUNTING POLICIES :

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the
applicable accounting principles in India, the applicable accounting standards notified under
section 133 of the Companies Act 2013 and other relevant provisions thereof. The accounts of
the company are prepared under the historical cost convention using the accrual method of
accounting. The accounting policies applied for preparing the financial statements are consistent
with those of the previous year.

Ministry of Corporate Affairs (MCA) notifies new standards or amendments to the existing
standards under Companies (Indian Accounting Standards) Rules as issued from time to tim.
There are no new standards or amendments to the existing standards that are notified impacting
the financial statements of the Company.

1.2 Revenue Recognition

Sales are recognised upon raising of invoice and transfer of significant risk and rewards of the
ownership to the buyer. Interest income is accounted for on receipt basis. Dividend income on
investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made on estimate for all known
liabilities and losses.

1.4 Property Plant & Equipment & Depreciation

Property Plant & Equipment are stated at cost less accumulated depreciation. The company
capitalises all direct costs relating to the acquisition and installation of Property Palnt &
Equipment. Depreciation on Property Plant & Equipment is provided on WDV method on pro
rata basis at the rates specified in the schedule II of the Companies Act 2013. At each balance
sheet date the company reviews the carrying value of its Property Plant & Equipment for any
possible impairment. No impairment was observed during the year under review.

1.4A De-recognition:

All items of Property Plant & Equipment (PPE) is de-recognised on disposal, or when no future
economic benefit or expected from use. Gain or loss arising from derecognition of PPE
measured as the difference between the net disposal proceeds and the carrying amount of the
asset are recognised in the statement of Profit and Loss where the asset is de recognized.

1.5 Inventories

Inventories are Valued at Cost or Net Realisable Value whichever is lower, on FIFO basis.

1.6 Investments

Investments are long term- non current investment. These are stated at cost of acquisition. Any
diminution in value, which is of permanent nature is recognised by charging the estimated loss
to the statement of Profit and loss. Any diminution in value of temporary nature is not
recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of
employees are below the prescribed statutory limit. Termination benefits are recognised as an
expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined
in accordance with provisions of the Income tax Act 1961 as applicable for the year. Deferred
tax is recognised on timing difference, being the difference between the taxable income and the
accounting income that originate in one period and are capable of reversal in one or more
subsequent periods.

1.9 Cash and Cash Equivalents.

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short
term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the
shareholders by weighted average number of equity shares outstanding during the period.

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Mar 31, 2024

1 SIGNIFICANT ACCOUNTING POLICIES :

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable
accounting standards notified under section 133 of the Companies Act 2013 and other relevant provisions thereof. The accounts of the company are prepared
under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are
consistent with those of the previous year.

1.2 Revenue Recognition

Sales are recognised upon raising of invoice and transfer of significant risk and rewards of the ownership to the buyer. Interest income is accounted for
on receipt basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made on estimate for all known liabilities and losses.

1.4 Property Plant & Equipment & Depreciation

Property Plant & Equipment are stated at cost less accumulated depreciation. The company capitalises all direct costs relating to the acquisition
and installation of Property Palnt & Equipment. Depreciation on Property Plant & Equipment is provided on WDV method on pro rata basis at the rates
specified in the schedule II of the Companies Act 2013. At each balance sheet date the company reviews the carrying value of its Property Plant & Equipment
for any possible impairment. No impairment was observed during the year under review.

1.5 Inventories

Inventories are Valued at Cost or Net Realisable Value whichever is lower, on FIFO basis.

1.6 Investments

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is
recognised by charging the estimated loss to the statement of Profit and loss. Any diminution in value of temporary nature is not recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination
benefits are recognised as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961
as applicable for the year. Deferred tax is recognised on timing difference, being the difference between the taxable income and the accounting income
that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of
three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the shareholders by weighted average number of equity
shares outstanding during the period.

1.11 Others

a) The figures for the previous year have been regrouped/ rearranged, wherever necessary, to make them compatible and comparable to the figures for
the current year, which are grouped as per requirement of the Schedule III to the Companies Act 2013.

b) Contingent liabilities are recognised and disclosed when there is a possible present obligation arising from a past event which may result in estimatable
outflow of resources to settle the obligation in terms with the requirement of Accounting Standard -29. However, there were no such liabilities.

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

Other information to the Financial Statements

Based on the information available with the Company, the balance due to Micro & Small Enterprises as defined under the Micro, Small and
^1-20 Medium Enterprises Development (MSMED) Act, 2006 is Rs. Nil and no interest during the period has been paid or is payable under the terms
of MSMED Act, 2006 and hence disclosures, if any, relating to amounts unpaid as at the period end together with interest paid/ payable as required
under the Act have not been given.

1 21 The operating cycle of the Company has been considered as 12 months for the purpose of current and non-current classification in the
financial statements.

1.22 Ageing & Completion schedules of Capital Work in Progress:

The Company has no capital work in progress nor there is any intangible asset under development.

1.23 Borrowings on the security of Current Assets:

There are no borrowings by the Company from bank or financial institutions on the security of its current assets.

1.24 Relationship with Struck Off Companies:

The Company does not have any transaction with the Company which in the knowledge of the Company has been struck off under the
provisions of the Companies Act, 2013

1.25 Charge Registration and Satisfaction:

There are no charges pending for registration or satisfaction by the Company with the Registrar of Companies beyond the statutory period.

1.26 Compliane with the Number of Layers:

No such compliance is applicable to the Company as it has no invement in downstream companies.

1.27 Details of Crypto Currency or Virtual Currency:

The Company have not traded or invested in Crypto currency or Virtual Currency during the financial year.

1.28 Wilful defaulter declaration:

The Company has not been declared as wilful defaulter by any bank or financial institutions or other lender.

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Mar 31, 2014

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable accounting standards notified under section 211(3C) of the Companies Act 1956 and other relevant provisions thereof. The accounts of the company are prepared under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are consistent with those of the previous year.

1.2 Revenue Recognition

Interest income is accounted for on accrual basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known liabilities and losses.

1.4 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The company capitalises all direct costs relating to the acquisition and installation of fixed assets. Depreciation on fixed assets is provided on WDV method on pro rata basis at the rates specified in the schedule XIV of the Companies Act 1956. At each balance sheet date the company reviews the carrying value of its Fixed assets for any possible impairment. No impairment was observed during the year under review.

1.5 Inventories

Inventories are Valued at Cost or Net Realisable Value whichever is lower.

1.6 Investment

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is recognised by charging the estimated loss to the statement of Profit and loss. Any diminution in value of temporary nature is not recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination benefits are recognised as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961 as applicable for the year. Deferred tax is recognised on timing difference, being the difference between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the shareholders by weighted average number of equity shares outstanding during the period.

1.11 Others

a) The figures for the previous year have been regrouped/ rearranged, wherever necessary, to make them compatible and comparable to the figures for the current year, which are grouped as per requirement of the Schedule VI to the Companies Act 1956.

b) Contingent liabilities are recognised and disclosed when there is a possible present obligation arising from a past event which may result in estimable outflow of resources to settle the obligation in terms with the requirement of Accounting Standard-29.

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

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Mar 31, 2013

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable accounting standards notified under section 211(3C) of the Companies Act 1956 and other relevant provisions thereof. The accounts of the company are prepared under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are consistent with those of the previous year.

1.2 Revenue Recognition

Interest income is accounted for on accrual basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known liabilities and losses.

1.4 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The company capitalises all direct costs relating to the acquisition and installation of fixed assets. Depreciation on fixed assets is provided on WDV method on pro rata basis at the rates specified in the schedule XIV of the Companies Act 1956. At each balance sheet date the company reviews the carrying value of its Fixed assets for any possible impairment. No impairment was observed during the year under review.

1.5 Inventories

Inventories are Valued at Cost or net realisable Value whichever is lower.

1.6 Investment

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is recognised by charging the estimated loss to the statement of Profit and loss. Any diminution in value of temporary nature is not recognised.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination benefits are recognised as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961 as applicable for the year.

Deferred tax is recognised on timing difference, being the difference between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by dividing the net profit for the period attributable to the shareholders by weighted average number of equity shares outstanding during the period.

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Mar 31, 2012

1.1 Basis of Accounting

The financial statements have been prepared to comply in all material aspects with the applicable accounting principles in India, the applicable accounting standards notified under section 211(3C) of the Companies Act 1956 and other relevant provisions thereof. The accounts of the company are prepared under the historical cost convention using the accrual method of accounting. The accounting policies applied for preparing the financial statements are consistent with those of the previous year.

1.2 Revenue Recognition

Interest income, commission income is accounted for on accrual basis. Dividend income on investments is accounted for when the right to receive the payment is established.

1.3 Expenditure

Expenses are accounted for on accrual basis and provision is made for all known liabilities and losses.

1.4 Fixed Assets

Fixed assets are stated at cost less accumulated depreciation. The company capitalizes all direct costs relating to the acquisition and installation of fixed assets. Depreciation on fixed assets is provided on WDV method on pro rata basis at the rates specified in the schedule XIV of the Companies Act 1956. At each balance sheet date the company reviews the carrying value of its Fixed assets for any possible impairment.

No impairment was observed during the year under review.

1.5 Inventories

Inventories are stated at cost on FIFO basis However, the Company is not carrying any stock in trade.

1.6 Investment

Investments are long term- non current investment. These are stated at cost of acquisition. Any diminution in value, which is of permanent nature is recognized by charging the estimated loss to the statement of Profit and loss account. Any diminution in value of temporary nature is not recognized.

1.7 Employee Benefits

The provisions of the PF and ESI Act are not applicable to the company as the number of employees are below the prescribed statutory limit. Termination benefits are recognized as an expense as and when incurred.

1.8 Taxation

Current tax is the amount of tax payable in respect of taxable income for the year as determined in accordance with provisions of the Income tax Act 1961 as applicable for the year.

Deferred tax is recognized on timing difference, being the difference between the taxable income and the accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

1.9 Cash and Cash Equivalents

Cash and cash equivalents includes cash in hand, demand deposits with banks and other short term highly liquid investments with original maturities of three months or less.

1.10 Earnings Per Share

Basic earnings per share is calculated by. dividing the net profit for the period attributable to the shareholders by weighted average number of equity shares outstanding during the period.

1.11 Others

a) The figures for the previous year have been regrouped/ rearranged, wherever necessary, to make them compatible and comparable to the figures for the current year, which are grouped as per requirement of the new Schedule VI to the Companies Act 1956.

b) Contingent liabilities are recognized and disclosed when there is a possible present obligation arising from a past event which may result in estimatable outflow of resources to settle the obligation in terms with the requirement of Accounting Standard -29.

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

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Mar 31, 2010

1) BASIS OF ACCOUNTING

The Accounts are prepared under historical cost convention on a going concern basis and in accordance with applicable accounting standards.

2) INVENTORIES

Inventories are stated at cost on FIFO basis.However, there is no inventory as at end of the year.

3) CASH FLOW STATEMENT:

Pursuant to the listing aggreement with Stock Exchange, Cash Flow Statement has been attached to the Balance Sheet and Profit and Loss Account.

4) FIXED ASSETS:

i) Fixed Assets are valued at cost of acquisition as reduced by depreciation; ii) Depreciation is provided on pro-rata basis, under the WDV value method in accordance with the rates specified in Schedule XIV to the Companies Act, 1956.

5) REVENUE RECOGNITION

Sales are recognised on the basis of sales invoices raised and passing of properly in goods, ie delivery.Sales are stated net of VAT. Rent, Interest Income,Income from Investment and other incomes are accounted on accrual basis. However, there was no trading activity during the year

6) INVESTMENT

Investment of long term nature are stated at cost less adjustment for any diminution in value of permanent nature. Current investment are also stated at cost as fluctuations in market value are temporary

7) TAXES ON INCOME:

Adequate provision for tax has been made as per the provisions of the Income tax Act

Deferred tax is recognised using the liability method, at the current rate of taxation on all timing differences to the extent that is probable that a liability or asset will crystallise. The liability arising mainly due to difference between book value and written down value of the assets as per Companies Act and IT. Act respectively During the year, there is Deferred Tax Benefit on this account and the same has been recognised as an asset

8) RETIREMENT BENEFITS:

The provisions of P.F. & ESI Act are not applicable to the company as the number of persons employed are below statutory limit. The liability for gratuity has not been determined Gratuity will be paid as and when the eligible employee retires.

9) SEGMENT REPORTING

The company is operating only in one segment ie. Trading in Bulk Drugs & Pharmaceuticals However no trading activities during the year under Audit.

11) EARNING PER SHARE:

Basic EPS has been disclosed in Profit & Loss Account. There is no diluted EPS EPS has been arrived at by dividing the post tax profit by number of shares

12) GENERAL

Accounting policies not specifically referred to otherwise are consistent and in consonance with the Generally Accepted Accounting Principles