Shyam Engineering Ltd 08509005 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is other engineering activities. Digita Accounts Production Advanced 6.30.9574.0 true true 08509005 2023-05-01 2024-04-30 08509005 2024-04-30 08509005 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-04-30 08509005 bus:OrdinaryShareClass2 2024-04-30 08509005 core:CurrentFinancialInstruments 2024-04-30 08509005 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 08509005 core:FurnitureFittings 2024-04-30 08509005 core:OfficeEquipment 2024-04-30 08509005 bus:SmallEntities 2023-05-01 2024-04-30 08509005 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 08509005 bus:FilletedAccounts 2023-05-01 2024-04-30 08509005 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08509005 bus:RegisteredOffice 2023-05-01 2024-04-30 08509005 bus:Director1 2023-05-01 2024-04-30 08509005 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-05-01 2024-04-30 08509005 bus:OrdinaryShareClass2 2023-05-01 2024-04-30 08509005 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08509005 core:ComputerEquipment 2023-05-01 2024-04-30 08509005 core:FurnitureFittings 2023-05-01 2024-04-30 08509005 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 08509005 core:OfficeEquipment 2023-05-01 2024-04-30 08509005 countries:England 2023-05-01 2024-04-30 08509005 2023-04-30 08509005 core:FurnitureFittings 2023-04-30 08509005 core:OfficeEquipment 2023-04-30 08509005 2022-05-01 2023-04-30 08509005 2023-04-30 08509005 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-04-30 08509005 bus:OrdinaryShareClass2 2023-04-30 08509005 core:CurrentFinancialInstruments 2023-04-30 08509005 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 08509005 core:FurnitureFittings 2023-04-30 08509005 core:OfficeEquipment 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08509005

Shyam Engineering Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Shyam Engineering Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Shyam Engineering Ltd

(Registration number: 08509005)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

368

689

Current assets

 

Debtors

5

-

3,038

Cash at bank and in hand

 

99,324

148,672

 

99,324

151,710

Creditors: Amounts falling due within one year

6

(18,180)

(19,509)

Net current assets

 

81,144

132,201

Net assets

 

81,512

132,890

Capital and reserves

 

Called up share capital

7

101

101

Retained earnings

81,411

132,789

Shareholders' funds

 

81,512

132,890

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 November 2024
 

.........................................
Mr Manish Rameshchandra Shah
Director

 

Shyam Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
3rd Floor
166 College Road
Harrow
Middlesex
HA1 1BH
United Kingdom

These financial statements were authorised for issue by the director on 11 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% Straight Line

Office equipment

25% Straight Line

 

Shyam Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Shyam Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 May 2023

4,308

3,256

7,564

At 30 April 2024

4,308

3,256

7,564

Depreciation

At 1 May 2023

4,308

2,567

6,875

Charge for the year

-

321

321

At 30 April 2024

4,308

2,888

7,196

Carrying amount

At 30 April 2024

-

368

368

At 30 April 2023

-

689

689

 

Shyam Engineering Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Debtors

Current

2024
£

2023
£

Other debtors

-

3,038

 

-

3,038

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

120

960

Other creditors

18,060

18,549

18,180

19,509

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

Ordinary B Shares of £1 each

1

1

1

1

101

101

101

101

8

Related party transactions

During the year, the company made the following related party transactions:

Director/Shareholders
At the balance sheet date, the amount due to the Director/Shareholders was £ 18,060 (2023 - £18,549). The amount is unsecured, interest free and repayable on demand.