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REGISTERED NUMBER: 04681209 (England and Wales)















Financial Statements

for the Year Ended 31 December 2021

for

Shiv Windows Limited

Shiv Windows Limited (Registered number: 04681209)

Contents of the Financial Statements
for the year ended 31 December 2021










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Shiv Windows Limited

Company Information
for the year ended 31 December 2021







DIRECTOR: Mr R J Varsani





SECRETARY: Mrs M R Varsani





REGISTERED OFFICE: Unit 35
Stadium Business Centre
North End Road
Wembley
Middlesex
HA0 0AT





REGISTERED NUMBER: 04681209 (England and Wales)





ACCOUNTANTS: KBMD Limited
Chartered Certified Accountants
Maple House
382 Kenton Road
Harrow
Middlesex
HA3 9DP

Shiv Windows Limited (Registered number: 04681209)

Abridged Balance Sheet
31 December 2021

2021 2020
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,600 11,200
Tangible assets 5 191 240
9,791 11,440

CURRENT ASSETS
Stocks 3,200 2,900
Debtors 1,121,773 812,841
Cash at bank 473,427 549,518
1,598,400 1,365,259
CREDITORS
Amounts falling due within one year (287,453 ) (240,338 )
NET CURRENT ASSETS 1,310,947 1,124,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,320,738

1,136,361

CREDITORS
Amounts falling due after more than one
year

(32,286

)

(50,000

)
NET ASSETS 1,288,452 1,086,361

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,288,352 1,086,261
SHAREHOLDERS' FUNDS 1,288,452 1,086,361

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Shiv Windows Limited (Registered number: 04681209)

Abridged Balance Sheet - continued
31 December 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 September 2022 and were signed by:





Mr R J Varsani - Director


Shiv Windows Limited (Registered number: 04681209)

Notes to the Financial Statements
for the year ended 31 December 2021


1. STATUTORY INFORMATION

Shiv Windows Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Shiv Windows Limited (Registered number: 04681209)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2020 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 32,000
AMORTISATION
At 1 January 2021 20,800
Amortisation for year 1,600
At 31 December 2021 22,400
NET BOOK VALUE

At 31 December 2021 9,600
At 31 December 2020 11,200

Shiv Windows Limited (Registered number: 04681209)

Notes to the Financial Statements - continued
for the year ended 31 December 2021


5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2021
and 31 December 2021 35,312
DEPRECIATION
At 1 January 2021 35,072
Charge for year 49
At 31 December 2021 35,121
NET BOOK VALUE
At 31 December 2021 191
At 31 December 2020 240