Registered number
12264982
Shonarani Limited
Report and Accounts
31 October 2023
Shonarani Limited
Report to the directors on the preparation of the unaudited statutory accounts of Shonarani Limited for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shonarani Limited for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
26 January 2024
Shonarani Limited
Registered number: 12264982
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,382 4,764
Current assets
Stocks 1,875 975
Debtors 4 2 (1,541)
Cash at bank and in hand 10,078 3,607
11,955 3,041
Creditors: amounts falling due within one year 5 (8,053) (7,446)
Net current assets/(liabilities) 3,902 (4,405)
Total assets less current liabilities 6,284 359
Creditors: amounts falling due after more than one year 6 (3,988) (5,395)
Net assets/(liabilities) 2,296 (5,036)
Capital and reserves
Called up share capital 2 2
Profit and loss account 2,294 (5,038)
Shareholders' funds 2,296 (5,036)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Raniga
Director
Approved by the board on 26 January 2024
Shonarani Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discount.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 5 years straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 2
(including non paid Directors)
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 11,910
At 31 October 2023 11,910
Depreciation
At 1 November 2022 7,146
Charge for the year 2,382
At 31 October 2023 9,528
Net book value
At 31 October 2023 2,382
At 31 October 2022 4,764
4 Debtors 2023 2022
£ £
Other debtors 2 (1,541)
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 6,048 6,048
Trade creditors - 49
Corporation tax 32 -
Other creditors 1,973 1,349
8,053 7,446
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,988 5,395
7 Other information
Shonarani Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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