Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30false2023-05-01falsesupply of parts for mobile phones.11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07211090 2023-05-01 2024-04-30 07211090 2022-05-01 2023-04-30 07211090 2024-04-30 07211090 2023-04-30 07211090 c:Director1 2023-05-01 2024-04-30 07211090 d:CurrentFinancialInstruments 2024-04-30 07211090 d:CurrentFinancialInstruments 2023-04-30 07211090 d:Non-currentFinancialInstruments 2024-04-30 07211090 d:Non-currentFinancialInstruments 2023-04-30 07211090 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07211090 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07211090 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 07211090 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 07211090 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 07211090 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 07211090 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 07211090 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 07211090 d:ShareCapital 2024-04-30 07211090 d:ShareCapital 2023-04-30 07211090 d:RetainedEarningsAccumulatedLosses 2024-04-30 07211090 d:RetainedEarningsAccumulatedLosses 2023-04-30 07211090 c:OrdinaryShareClass1 2023-05-01 2024-04-30 07211090 c:OrdinaryShareClass1 2024-04-30 07211090 c:FRS102 2023-05-01 2024-04-30 07211090 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 07211090 c:FullAccounts 2023-05-01 2024-04-30 07211090 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel1 2023-05-01 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel1 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel2 2023-05-01 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel2 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel3 2023-05-01 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel4 2023-05-01 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel4 2024-04-30 07211090 d:EntityControlledByKeyManagementPersonnel3 2024-04-30 07211090 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07211090









ISHAAN UNIVERSAL LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
ISHAAN UNIVERSAL LIMITED
REGISTERED NUMBER: 07211090

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
82,618
88,692

Cash at bank and in hand
 5 
2,187
6,676

  
84,805
95,368

Creditors: amounts falling due within one year
 6 
(65,508)
(85,810)

Net current assets
  
 
 
19,297
 
 
9,558

Total assets less current liabilities
  
19,297
9,558

Creditors: amounts falling due after more than one year
 7 
(17,500)
(27,500)

  

Net assets/(liabilities)
  
1,797
(17,942)


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
1,795
(17,944)

  
1,797
(17,942)

Page 1

 
ISHAAN UNIVERSAL LIMITED
REGISTERED NUMBER: 07211090
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 August 2024.




I Seth
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ISHAAN UNIVERSAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Ishaan Universal Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is Suite 120, Unit 3 Woodward Buildings, 1 Victoria Road, London, W3 6FA.
The company specialises in the supply of parts for mobile phones.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements are prepared on a going concern basis, despite the Statement of financial position showing net assets/liabilities of £1,797 (2023 - £17,942) which includes amounts owed to the director of £16,460 (2023 - £37,260). The director has indicated his willingness to continue providing financial support to the company to ensure that the company has sufficient funds to meet its liabilities as they fall due for a period of at least one year from the date of approval of the financial statements. As such, the director believes that there are no significant uncertainties in his assessment of whether the business is a going concern and therefore has prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 3

 
ISHAAN UNIVERSAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
ISHAAN UNIVERSAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Other debtors
82,618
88,692

82,618
88,692



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,187
6,676

2,187
6,676



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Trade creditors
498
-

Other creditors
52,460
73,260

Accruals and deferred income
2,550
2,550

65,508
85,810



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
17,500
27,500

17,500
27,500


Page 5

 
ISHAAN UNIVERSAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
7,500
17,500


7,500
17,500


27,500
37,500



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2


Page 6

 
ISHAAN UNIVERSAL LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

10.


Related party transactions

At the year end, the company owed £16,460 (2023 - £37,260) to the director, included within other creditors. 
 
At the year end, the company was owed a net amount of £76,677 (2023 - £87,190) by companies in which the director has a beneficial interest, included within other debtors.
 
At the year end, the company owed £36,000 (2023 - £36,000) to a close family member of the director, included within other creditors.    
 
At the year end, the company was owed £75 (2023 - £75) by a company controlled by a close family member of the director, included within other debtors


11.


Ultimate parent undertaking and controlling party

The immediate and ultimate parent undertaking is 28 Holdings Limited, a  company incorporated in England and Wales.
 
The ultimate controlling party is the director by virtue of his majority shareholding in the ultimate parent undertaking.

 
Page 7