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REGISTERED NUMBER: 11571067 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

KIRIVANI LIMITED

KIRIVANI LIMITED (REGISTERED NUMBER: 11571067)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRIVANI LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mrs N Shukla
H Shukla





REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH





REGISTERED NUMBER: 11571067 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

KIRIVANI LIMITED (REGISTERED NUMBER: 11571067)

BALANCE SHEET
31 OCTOBER 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 171,552 205,863
Tangible assets 5 5,336 5,773
176,888 211,636

CURRENT ASSETS
Debtors 6 1,089,941 1,147,484
Cash at bank 3,893 8,476
1,093,834 1,155,960
CREDITORS
Amounts falling due within one year 7 1,522,160 1,551,738
NET CURRENT LIABILITIES (428,326 ) (395,778 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(251,438

)

(184,142

)

CREDITORS
Amounts falling due after more than one year 8 15,834 25,833
NET LIABILITIES (267,272 ) (209,975 )

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (267,382 ) (210,085 )
SHAREHOLDERS' FUNDS (267,272 ) (209,975 )

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

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

KIRIVANI LIMITED (REGISTERED NUMBER: 11571067)

BALANCE SHEET - continued
31 OCTOBER 2023


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 17 April 2024 and were signed on its behalf by:




Mrs N Shukla - Director



H Shukla - Director


KIRIVANI LIMITED (REGISTERED NUMBER: 11571067)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Kirivani Limited 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 2018, is being amortised evenly over its estimated useful life of ten years.

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% per annum on a reducing balance.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 75 (2022 - 140 ) .

KIRIVANI LIMITED (REGISTERED NUMBER: 11571067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 343,107
AMORTISATION
At 1 November 2022 137,244
Charge for year 34,311
At 31 October 2023 171,555
NET BOOK VALUE
At 31 October 2023 171,552
At 31 October 2022 205,863

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022
and 31 October 2023 6,268
DEPRECIATION
At 1 November 2022 495
Charge for year 437
At 31 October 2023 932
NET BOOK VALUE
At 31 October 2023 5,336
At 31 October 2022 5,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 793,417 890,284
Other debtors 110 110
Prepayments and accrued income 296,414 257,090
1,089,941 1,147,484

KIRIVANI LIMITED (REGISTERED NUMBER: 11571067)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 77,388 41,007
Tax 11,892 13,834
Social security and other taxes 103,874 173,181
VAT 256,377 272,430
Other creditors 552,696 458,220
Factoring account 424,633 485,981
Directors' current accounts 17,532 17,532
Accrued expenses 67,768 79,553
1,522,160 1,551,738

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,834 15,833
15,834 25,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31/10/23 31/10/22
£    £   
Bank loans 25,834 35,833
Factoring account 424,632 485,981
450,466 521,814

The factoring account and bank loan are secured by way of a fixed and floating charge dated 31 October 2018 over all the assets of the company.

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £63,506 were paid to the directors .

During the year Kirivani Limited charged Executive Connect Limited a company under common control £70,000 (2022: £61,000) in Management fees,l. At 31 October 2023 included in accrued income is a balance of £253,000 (2022: £183,000).

Included in other creditors at 31 October 2023 is a loan from Executive Connect Limited of £480,524 (2022: £458,220).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.