Quality RO Industries Ltd. कंपली की लेखा नीति

Mar 31, 2025

1 Corporate Information

The company was incorporated on September 30, 2021 as Quality RO Industries Limited under the provisions of the Companies Act,
2013 and the primary business of company is dealing in Reverse Osmosis Products (R.O) and Transport services. The Corporate
Identification Number of our Company is L29308GJ2021PLC126004.

2 Material Accounting policies

a Basis of preparation of Financial Statements:

The Financial Statements are prepared and presented under the historical cost convention and evaluated on a going-concern basis
using the accrual system of accounting in accordance with the accounting principles generally accepted in India (Indian GAAP) and
the requirements of the Companies Act, including the Accounting Standards as prescribed by the Section 133 of the Companies Act,
2013 ("the Act") read with Rule 7 of Companies (Accounts) Rules, 2014.

All assets and liabilities have been classified as current and non-current as per normal operating cycle of the Company and other
criteria set out in the Schedule III of the Companies Act, 2013.

b 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 period/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.

c Property, Plant & Equipment:

Fixed assets are stated at historical cost less accumulated depreciation and impairment losses.

Cost includes purchase price and all other attributable cost to bring the assets to its working condition for the intended use.

Subsequent expenditures related to an item of tangible asset are added to its book value only If they increase the future benefits
from the existing asset beyond its previously assessed standard of performance.

d Depreciation:

Tangible Assets:

Depreciation on Fixed Assets has been provided based on the useful life of the assets and in the manner prescribed in the Schedule II
of the Companies Act, 2013.

Intangible Assets:

Computer Software is amortised based on the tenure for right to use such softwares,
e Impairment of Assets:

An asset is treated as impaired when the carrying cost of asset exceeds its recoverable value. Recoverable amount is the higher of an
asset''s net selling price and its value in use. Value in use is the present value of estimated future cash flows expected to arise from
the continuing use of the asset and from its disposal at the end of its useful life. Net selling price is the amount obtainable from sale
of the asset in an arm''s length transaction between knowledgeable, willing parties, less the costs of disposal. An impairment loss is
charged to the Statement of Profit and Loss in the period/year in which an asset is identified as impaired. The impairment loss
recognised in prior accounting periods is reversed if there has been a change in the estimate of the recoverable value.

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Mar 31, 2024

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