1 June 2022 false No description of principal activity Taxfiler 2023.14 09090735business:PrivateLimitedCompanyLtd2022-06-012023-05-31 090907352022-05-31 090907352022-06-012023-05-31 09090735business:AuditExemptWithAccountantsReport2022-06-012023-05-31 09090735business:FilletedAccounts2022-06-012023-05-31 090907352023-05-31 09090735business:Director12022-06-012023-05-31 09090735business:RegisteredOffice2022-06-012023-05-31 090907352022-05-31 09090735core:WithinOneYear2023-05-31 09090735core:WithinOneYear2022-05-31 09090735core:AfterOneYear2023-05-31 09090735core:AfterOneYear2022-05-31 09090735core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 09090735core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 09090735core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 09090735core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 09090735core:PreviouslyStatedAmount2023-05-31 09090735core:PreviouslyStatedAmount2022-05-31 09090735business:SmallEntities2022-06-012023-05-31 09090735countries:EnglandWales2022-06-012023-05-31 09090735core:PlantMachinery2022-06-012023-05-31 09090735core:FurnitureFittings2022-06-012023-05-31 09090735core:Goodwill2022-05-31 09090735core:IntangibleAssetsOtherThanGoodwill2022-05-31 09090735core:Goodwill2023-05-31 09090735core:IntangibleAssetsOtherThanGoodwill2023-05-31 09090735core:Goodwill2022-06-012023-05-31 09090735core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-31 09090735core:PlantMachinery2022-05-31 09090735core:FurnitureFittings2022-05-31 09090735core:ComputerEquipment2022-05-31 09090735core:ComputerEquipment2022-06-012023-05-31 09090735core:PlantMachinery2023-05-31 09090735core:FurnitureFittings2023-05-31 09090735core:ComputerEquipment2023-05-31 09090735business:OrdinaryShareClass12022-06-012023-05-31 09090735business:OrdinaryShareClass12021-06-012022-05-31 090907352021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
SHIVOM ENTERPRISE LTD Company Information for the year ended 31 May 2023
Director
Viram Goraniya
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
- 3 -
SHIVOM ENTERPRISE LTD Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
18,000 
42,500 
Tangible assets
28,189 
33,685 
46,189 
76,185 
Current assets
Inventories
113,090 
108,840 
Debtors
6,280 
7,821 
Cash at bank and in hand
92,433 
76,003 
211,803 
192,664 
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)
Net assets
47,173 
48,892 
Capital and reserves
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
- 4 -
SHIVOM ENTERPRISE LTD Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25%
Fixtures & fittings
25%
Inventories
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
- 5 -
SHIVOM ENTERPRISE LTD Notes to the Accounts for the year ended 31 May 2023
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 June 2022
145,000 
1,500 
146,500 
At 31 May 2023
145,000 
1,500 
146,500 
Amortisation
At 1 June 2022
104,000 
- 
104,000 
Charge for the year
24,500 
- 
24,500 
At 31 May 2023
128,500 
- 
128,500 
Net book value
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 
Additions
3,900 
- 
- 
3,900 
At 31 May 2023
65,048 
8,543 
909 
74,500 
Depreciation
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 
Net book value
At 31 May 2023
26,011 
1,666 
512 
28,189 
At 31 May 2022
30,781 
2,222 
682 
33,685 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
205 
Trade debtors
100 
100 
Accrued income and prepayments
- 
1,436 
100 
1,741 
Amounts falling due after more than one year
Trade debtors
5,000 
5,000 
Other debtors
1,180 
1,080 
6,180 
6,080 
- 6 -
SHIVOM ENTERPRISE LTD Notes to the Accounts for the year ended 31 May 2023
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
5,916 
- 
Trade creditors
2,962 
24,584 
Taxes and social security
7,564 
28,503 
Other creditors
2,150 
1,782 
Accruals
2,553 
3,556 
21,145 
58,425 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
41,204 
47,995 
Other creditors
79,010 
65,800 
Loans from directors
69,460 
47,737 
189,674 
161,532 
9
Share capital
2023 
2022 
£ 
£ 
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).
- 7 -