Logicseed Technology Private Limited is a consulting and vocational training company located in Kathmandu, Nepal. It is 100% owned by Mr. Tarka Raj Bhatta. The financial statements are prepared in accordance with Nepal accounting standards and present the company's financial position as of 31 Ashad 2069. Significant accounting policies include the use of estimates, accounting for fixed assets at historical cost, depreciating fixed assets on a diminishing value method, and recognizing revenue from the sale of services excluding VAT. As this is the company's first year, there are no previous year figures to report.

1. Logicseed Technology Private Limited
Annexure: Significant Accounting Policies and Notes to account for the year ended 31 Ashad 2069
1. Organization and Basis of Presentation
Logicseed Technology Pvt. Ltd. or the "Company" was incorporated under the laws of Nepal,
its 100 % primarily share is owned by Mr Tarka Raj Bhatta. It was formed to develop research,
cost estimate of various project, provide consulting services and vocational training to different
level in various organization, carry out survey, feasibility study an independently and located in
34-Shankhamu, Kathmandu , Nepal
The financial statements are prepared in accordance with the historical cost convention, on
accrual basis of accounting and in accordance with Nepal accounting Standards and
presentation requirement of the Nepal Company Act 2063
2. Significant Accounting Policies
A. Use of estimates
The preparation of the Balance Sheet in conformity with the generally accepted accounting
principles requires management to make estimates and assumptions that affect the reported
amount of assets and liabilities at the date of balance sheet. Actual amount would differ from
those estimates. Any differences from those estimates are recorded in the period in which they
are identified. All paid up capital not invest in the company but held with shareholders for use
in future
B. Fixed Assets
Fixed asset accounted on historical cost assumption including cost acquired for installation and
erecting.
C. Depreciation amortization
Discharging of Depreciation was applicable to provide pro-rata to the period of use, on
diminishing value method at the rate based on Income Tax Act 2058
D. Cash and Bank Balances
Balance of cash and bank is as certified by the management
E. Revenue recognition
Sale of services excluding vat treated as revenue.
3. Previous Year Figures
This is the first year, need not to classify