Company Registration No. 09090735 (England and Wales)
SHIVOM ENTERPRISE LTD
Unaudited accounts
for the year ended 31 May 2023
SHIVOM ENTERPRISE LTD
Unaudited accounts
Contents
SHIVOM ENTERPRISE LTD
Company Information
for the year ended 31 May 2023
Company Number
09090735 (England and Wales)
Registered Office
45 Tredegar Street
Risca
NEWPORT
Gwent
NP11 6BW
Wales
Accountants
Numera Accountancy Ltd
Certified Public Accountants
39 Clive Street
CARDIFF
CF11 7HJ
SHIVOM ENTERPRISE LTD
Statement of financial position
as at 31 May 2023
Intangible assets
18,000
42,500
Tangible assets
28,189
33,685
Inventories
113,090
108,840
Cash at bank and in hand
92,433
76,003
Creditors: amounts falling due within one year
(21,145)
(58,425)
Net current assets
190,658
134,239
Total assets less current liabilities
236,847
210,424
Creditors: amounts falling due after more than one year
(189,674)
(161,532)
Called up share capital
100
100
Profit and loss account
47,073
48,792
Shareholders' funds
47,173
48,892
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 March 2024 and were signed on its behalf by
Viram Goraniya
Director
Company Registration No. 09090735
SHIVOM ENTERPRISE LTD
Notes to the Accounts
for the year ended 31 May 2023
SHIVOM ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 09090735. The registered office is 45 Tredegar Street, Risca, NEWPORT, Gwent, NP11 6BW , Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
SHIVOM ENTERPRISE LTD
Notes to the Accounts
for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill
Other
Total
At 1 June 2022
145,000
1,500
146,500
At 31 May 2023
145,000
1,500
146,500
At 1 June 2022
104,000
-
104,000
Charge for the year
24,500
-
24,500
At 31 May 2023
128,500
-
128,500
At 31 May 2023
16,500
1,500
18,000
At 31 May 2022
41,000
1,500
42,500
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
61,148
8,543
909
70,600
At 31 May 2023
65,048
8,543
909
74,500
At 1 June 2022
30,367
6,321
227
36,915
Charge for the year
8,670
556
170
9,396
At 31 May 2023
39,037
6,877
397
46,311
At 31 May 2023
26,011
1,666
512
28,189
At 31 May 2022
30,781
2,222
682
33,685
Amounts falling due within one year
Accrued income and prepayments
-
1,436
Amounts falling due after more than one year
SHIVOM ENTERPRISE LTD
Notes to the Accounts
for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
2,962
24,584
Taxes and social security
7,564
28,503
Other creditors
2,150
1,782
8
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
79,010
65,800
Loans from directors
69,460
47,737
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 14 (2022: 14).