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REGISTERED NUMBER: 07162278 (England and Wales)


Financial Statements for the Year Ended 29 February 2024

for

Shivak Limited

Shivak Limited (Registered number: 07162278)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shivak Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr Jayesh Kumar Natvarbhai Patel
Mrs Reshmaben Jayesh Kumar Patel
Mr Harshkumar Jayeshbhai Patel





REGISTERED OFFICE: Bridge House,
9 - 13 Holbrook Lane,
Coventry,
United Kingdom,
CV6 4AD





REGISTERED NUMBER: 07162278 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Shivak Limited (Registered number: 07162278)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 964 1,286

CURRENT ASSETS
Stocks 40,747 40,409
Debtors 5 2,551 3,075
Cash at bank and in hand 3,779 5,618
47,077 49,102
CREDITORS
Amounts falling due within one year 6 65,510 67,985
NET CURRENT LIABILITIES (18,433 ) (18,883 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,469

)

(17,597

)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (17,471 ) (17,599 )
SHAREHOLDERS' FUNDS (17,469 ) (17,597 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Shivak Limited (Registered number: 07162278)

Statement of Financial Position - continued
29 February 2024


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 19 November 2024 and were signed on its behalf by:





Mr Jayesh Kumar Natvarbhai Patel - Director


Shivak Limited (Registered number: 07162278)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Shivak 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 43,724
DEPRECIATION
At 1 March 2023 42,438
Charge for year 322
At 29 February 2024 42,760
NET BOOK VALUE
At 29 February 2024 964
At 28 February 2023 1,286

Shivak Limited (Registered number: 07162278)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 2,500 2,829
Other debtors 51 246
2,551 3,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,547 -
Taxation and social security 2,360 1,903
Other creditors 60,603 66,082
65,510 67,985

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

During the year, the Company has paid rent of £16,800 in respect of use of business property owned by the directors.