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REGISTERED NUMBER: 06610718 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Shivkrupa Ltd

Shivkrupa Ltd (Registered number: 06610718)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shivkrupa Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: N Patel
A Patel
Mrs G Patel
Mrs P Patel





SECRETARY: N Patel





REGISTERED OFFICE: 157 Redland Road
Redland
Bristol
BS6 6YE





REGISTERED NUMBER: 06610718 (England and Wales)





ACCOUNTANTS: Wormald & Partners
Chartered Accountants (ICAEW)
Redland House
157 Redland Road
Redland
Bristol
BS6 6YE

Shivkrupa Ltd (Registered number: 06610718)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 36,706 41,295
Tangible assets 5 686,284 652,551
722,990 693,846

CURRENT ASSETS
Stocks 72,674 53,239
Debtors 6 11,267 8,393
Cash at bank and in hand 45,758 5,781
129,699 67,413
CREDITORS
Amounts falling due within one year 7 151,997 161,695
NET CURRENT LIABILITIES (22,298 ) (94,282 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

700,692

599,564

CREDITORS
Amounts falling due after more than one year 8 (292,927 ) (301,909 )

PROVISIONS FOR LIABILITIES (11,130 ) (10,671 )
NET ASSETS 396,635 286,984

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 396,535 286,884
SHAREHOLDERS' FUNDS 396,635 286,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




N Patel - Director


Shivkrupa Ltd (Registered number: 06610718)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Shivkrupa Ltd 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.
Fixtures and fittings - 15% on reducing balance basis
Motor vehicles - 25% on reducing balance basis

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

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 16 ) .

Shivkrupa Ltd (Registered number: 06610718)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 91,774
AMORTISATION
At 1 July 2022 50,479
Amortisation for year 4,589
At 30 June 2023 55,068
NET BOOK VALUE
At 30 June 2023 36,706
At 30 June 2022 41,295

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 607,179 84,592 7,500 699,271
Additions 20,167 723 20,175 41,065
Disposals - - (7,500 ) (7,500 )
At 30 June 2023 627,346 85,315 20,175 732,836
DEPRECIATION
At 1 July 2022 - 39,354 7,366 46,720
Charge for year - 6,775 423 7,198
Eliminated on disposal - - (7,366 ) (7,366 )
At 30 June 2023 - 46,129 423 46,552
NET BOOK VALUE
At 30 June 2023 627,346 39,186 19,752 686,284
At 30 June 2022 607,179 45,238 134 652,551

Included within Motor vehicles are assets of £20,175, which were acquired under a hire purchase agreement or finance lease.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,145 3,177
Prepayments 7,122 5,216
11,267 8,393

Shivkrupa Ltd (Registered number: 06610718)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 21,852 26,044
Hire purchase contracts 3,561 -
Trade creditors 63,510 77,825
Tax 51,030 43,989
Social security and other taxes 913 1,118
VAT 2,344 5,138
Other creditors 1,667 1,210
Directors' current accounts 1,062 71
Accrued expenses 6,058 6,300
151,997 161,695

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 1 262,332 271,984
Bank Loan 2 19,911 29,925
Hire purchase contracts 10,684 -
292,927 301,909

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £97,000 (2022 - £90,700) were paid to the directors .