DRA Consultants Ltd. कंपली की लेखा नीति

Mar 31, 2025

a) ICDS-I Accounting Policies:

Financial statements are prepared under historical cost convention on accrual basis in accordance with
the requirements of the generally accepted accounting principles in India and the provisions of the
Companies Act, 2013

b) ICDS-IV-Revenue Recognition:

In compliance with the provisions of ICDS-IV, revenue is recognized on completion of professional
contracts or on realization of the same in part to that extent as per terms and condition of professional
contract.

c) ICDS-V Fixed Assets:

In compliance with the provisions of ICDS-V, Fixed Assets are stated at cost and includes amounts added
on revaluation, less accumulated depreciation and impairment loss, if any.

Depreciation has been provided on W.D.V. basis at the rate prescribed under the schedule II of the
Companies Act, 2013.

d) Retirement Benefits to Employees:

(i) Provident Fund

Contribution is made monthly at the prescribed rate to the appropriate authority and accounted
for on accrual basis.

(ii) Gratuity

Provision is made through LIC Gratuity Plan linked with SBI Trust Account.

(iii) Leave Encashment

No provision for Leave Encashment is made.

Liability is accounted for on actual payment basis.

e) Provision for Current and Deferred Tax:

Current tax is determined as the amount of tax payable in respect of taxable income for the period.
Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax assets, on
timing differences, being the difference between taxable income and accounting income that originate in
one period and are capable of reversal in one or more subsequent periods.

f) Investments:

i) Non-current Investments are stated at cost.

ii) No Provision has been made for diminution in value of investment in shares.

g) ICDS-IX Borrowing Costs:

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are
capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial
period of time to get ready for its intended use. All other borrowings costs are charged to profit and loss
statements.

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Mar 31, 2024

SIGNIFICANT ACCOUNTING POLICIES:

a) ICDS-I Accounting Policies:

Financial statements are prepared under historical cost convention on accrual basis in accordance with the requirements of the generally accepted accounting principles in India and the provisions of the Companies Act, 2013

b) ICDS-IV-Revenue Recognition:

In compliance with the provisions of ICDS-IV, revenue is recognized on completion of professional contracts or on realization of the same in part to that extent as per terms and condition of professional contract.

c) ICDS-V Fixed Assets:

In compliance with the provisions of ICDS-V, Fixed Assets are stated at cost and includes amounts added on revaluation, less accumulated depreciation and impairment loss, if any.

Depreciation has been provided on W.D.V. basis at the rate prescribed under the schedule II of the Companies Act, 2013.

d) Retirement Benefits to Employees:

(i) Provident Fund

Contribution is made monthly at the prescribed rate to the appropriate authority and accounted for on accrual basis.

(ii) Gratuity

Provision is made through LIC Gratuity Plan linked with SBI Trust Account.

(iii) Leave Encashment

No provision for Leave Encashment is made.

Liability is accounted for on actual payment basis.

e) Provision for Current and Deferred Tax:

Current tax is determined as the amount of tax payable in respect of taxable income for the period. Deferred tax is recognized, subject to the consideration of prudence in respect of deferred tax assets, on timing differences, being the difference between taxable income and accounting income that originate in one period and are capable of reversal in one or more subsequent periods.

f) Investments:

i) Non-current Investments are stated at cost.

ii) No Provision has been made for diminution in value of investment in shares.

g) ICDS-IX Borrowing Costs:

Borrowing costs that are attributable to the acquisition or construction of qualifying assets are capitalized as part of the cost of such assets. A qualifying asset is one that necessarily takes substantial period of time to get ready for its intended use. All other borrowings costs are charged to profit and loss statements.

h) ICDS-X Provisions, Contingent Liabilities and contingent Assets:

Provisions involving substantial degree of estimation in measurement are recognized when there is present obligation as result of past events and it is probable that there will be an outflow of resources. Contingent Liabilities are not recognized but are disclosed in the notes. Contingent Assets are neither recognized nor disclosed in the financial statements.

i) Provisions related to ICDS-II valuation of inventories, ICDS-III Construction contracts, ICDS-VI Foreign Currency transaction, ICDS-VII Government Grants, ICDS-VIII Securities are not applicable.

j) Previous year figures have been regrouped/ recast wherever necessary.

Other accounting policies are in accordance with generally accepted accounting practices.