IRIS Accounts Production v23.2.0.158 04223477 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042234772022-05-31042234772023-05-31042234772022-06-012023-05-31042234772021-05-31042234772021-06-012022-05-31042234772022-05-3104223477ns14:PoundSterlingns10:Original2022-06-012023-05-3104223477ns10:Originalns10:Director12022-06-012023-05-3104223477ns10:Original2022-06-012023-05-3104223477ns10:Original2023-05-3104223477ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104223477ns10:Originalns10:SmallEntities2022-06-012023-05-3104223477ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104223477ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104223477ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104223477ns10:Originalns10:FullAccounts2022-06-012023-05-3104223477ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3104223477ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104223477ns10:Original2022-05-3104223477ns10:Originalns5:CurrentFinancialInstruments2023-05-3104223477ns10:Originalns5:CurrentFinancialInstruments2022-05-3104223477ns5:ShareCapitalns10:Original2023-05-3104223477ns5:ShareCapitalns10:Original2022-05-3104223477ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104223477ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104223477ns10:Originalns5:PlantMachinery2022-06-012023-05-3104223477ns10:Original2021-06-012022-05-3104223477ns10:Originalns5:FurnitureFittings2022-05-3104223477ns10:Originalns5:FurnitureFittings2022-06-012023-05-3104223477ns10:Originalns5:FurnitureFittings2023-05-3104223477ns10:Originalns5:FurnitureFittings2022-05-3104223477ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104223477ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3104223477ns10:Originalns10:OrdinaryShareClass12023-05-31
REGISTERED NUMBER: 04223477















SHIKRA PRESS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






SHIKRA PRESS LTD (REGISTERED NUMBER: 04223477)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHIKRA PRESS LTD

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTOR: Mr L V Westwood





REGISTERED OFFICE: 7 Henwoods Court
Mayo Road
Shipston- On-Stour
CV36 4BY





REGISTERED NUMBER: 04223477





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

SHIKRA PRESS LTD (REGISTERED NUMBER: 04223477)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 779 1,039

CURRENT ASSETS
Stocks 235 235
Debtors 5 - 339
Cash at bank 289 77
524 651
CREDITORS
Amounts falling due within one year 6 7,130 6,411
NET CURRENT LIABILITIES (6,606 ) (5,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,827

)

(4,721

)

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (5,828 ) (4,722 )
SHAREHOLDERS' FUNDS (5,827 ) (4,721 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

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 director and authorised for issue on 14 February 2024 and were signed by:





Mr L V Westwood - Director


SHIKRA PRESS LTD (REGISTERED NUMBER: 04223477)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

Shikra Press Ltd is a private company, limited by shares , registered in Not specified/Other. 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
The financial statements have been prepared on going concern basis. This may not be appropriate because at 31st May 2022 the company's liabilities exceeded it's assets by £4,721 (2021- £3,700). The Director however believes that with the ongoing support of the company shareholder, that it is appropriate to prepare the financial statements on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future.

If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise, and to reclassify fixed assets and long term liabilities as current assets and liabilities
.
The company's financial statements are presented in sterling and all values are rounded to the nearest pound.

The company was under the control of Mr L V Westwood throughout the current and previous year. Mr Westwood is the sole director and sole shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 25% reducing balance

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.


SHIKRA PRESS LTD (REGISTERED NUMBER: 04223477)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 June 2022
and 31 May 2023 7,347
DEPRECIATION
At 1 June 2022 6,308
Charge for year 260
At 31 May 2023 6,568
NET BOOK VALUE
At 31 May 2023 779
At 31 May 2022 1,039

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 339

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 7,130 6,411

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary shares £1 1 1