Accounting Policies of Sacheerome Ltd. Company

Mar 31, 2025

NOTE - 2 : Significant Accounting Policies
Basis of preparation of financial statements

The financial statements of the Company have been prepared in accordance with the Generally Accepted Accounting Principles in India (Indian GAAP) to
comply with the Accounting Standards specified under Section 133 of the Companies Act, 2013 i.e. as notified under the Companies (Accounting
Standards) Rules, 2021 and the relevant provisions of the Companies Act, 2013 ("the 2013 Act"). The financial statements have been prepared on accrual
basis under the historical cost convention. The accounting policies have been consistently applied except where a newly issued accounting standard is
initially adopted or a revision to an existing accounting standard requires a change in the accounting policy hitherto in use.

Use of Estimates

The preparation of financial statements in conformity with GAAP in India requires the management to make estimates and assumptions to be made that
affect the reported amount of assets and liabilities at the date of financial statements and the reported amount of revenues and expenses during the
reporting period. Difference between the actual result and estimates are recognized in the period in which the results are known/ materialized.

Property, Plant and Equipment

Property, Plant and Equipment are accounted for on historical cost basis less accumulated depreciation and impairment loss, if any. Cost includes freight,
duties, taxes and other incidental expenses relating to acquisition.

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

Leasehold improvements are amortised over the period of lease or 6 year which ever is lower.

Intangible Assets

Intangible assets consist of computer software and is stated at cost of acquisition less accumulated depreciation. It is amortised over the period of three
years or license period whichever is lower.

Depreciation

Depreciation on fixed assets is provided on written down value method over the estimated useful life of the assets, in the manner prescribed in Schedule
II of the Companies Act, 2013.

Taxation

Tax expense for the year comprising current tax and deferred tax, is included in determining the net profit for the year.

Provision for the current tax is made based on the liability computed in accordance with the tax rules and tax laws.

Deferred tax is recognised for all timing differences arising between taxable income and accounting income based on tax rates and tax laws enacted or
substantially enacted at the balance sheet date.

Deferred tax assets are recognised and carried forward to the extent it is reasonably certain that future taxable profit will be available against which such
deferred tax assets can be realized. Deferred tax assets are reviewed at each balance sheet date to re-assess realization thereof.

Current tax assets and current tax liabilities are offset when there is a legally enforceable right to set off the recognised amounts and there is an intention
to settle the asset and the liability on a net basis. Deferred tax assets and deferred tax liabilities are offset when there is a legally enforceable right to set
off assets against liabilities representing current tax and where the deferred tax assets and the deferred tax liabilities relate to taxes on income levied by
the same governing taxation laws.