1 April 2023 false Taxfiler 2024.6 14768617business:PrivateLimitedCompanyLtd2023-04-012024-03-31 147686172023-03-31 147686172023-04-012024-03-31 14768617business:AuditExemptWithAccountantsReport2023-04-012024-03-31 14768617business:FilletedAccounts2023-04-012024-03-31 147686172024-03-31 14768617business:Director12023-04-012024-03-31 14768617business:Director22023-04-012024-03-31 14768617business:RegisteredOffice2023-04-012024-03-31 14768617core:WithinOneYear2024-03-31 14768617core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 14768617core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 14768617core:PreviouslyStatedAmount2024-03-31 14768617business:SmallEntities2023-04-012024-03-31 14768617countries:EnglandWales2023-04-012024-03-31 14768617core:MotorVehicles2023-04-012024-03-31 14768617core:MotorVehicles2023-03-31 14768617core:MotorVehicles2024-03-31 14768617business:OrdinaryShareClass12023-04-012024-03-31 14768617business:OrdinaryShareClass22023-04-012024-03-31 14768617business:AllOrdinaryShares2023-04-012024-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 14768617 (England and Wales)
Shivar Ltd Filleted Accounts for the year ended 31 March 2024
Shivar Ltd Filleted Accounts Contents
Page
- 2 -
Shivar Ltd Company Information for the year ended 31 March 2024
Directors
Dr Jagadeesh Gandla Sushma Gandla
Company Number
14768617 (England and Wales)
Registered Office
20-22 Wenlock Road London N1 7GU England
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
- 3 -
Shivar Ltd Statement of financial position as at 31 March 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
22,387 
Current assets
Cash at bank and in hand
21,710 
Creditors: amounts falling due within one year
(28,031)
Net current liabilities
(6,321)
Net assets
16,066 
Capital and reserves
Called up share capital
100 
Profit and loss account
15,966 
Shareholders' funds
16,066 
For the year ending 31 March 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 5 December 2024 and were signed on its behalf by
Sushma Gandla Director Company Registration No. 14768617
- 4 -
Shivar Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Shivar Ltd is a private company, limited by shares, registered in England and Wales, registration number 14768617. The registered office is 20-22 Wenlock Road, London, N1 7GU, England.
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 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:
Motor vehicles
25% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
Shivar Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
- 
Additions
29,850 
At 31 March 2024
29,850 
Depreciation
Charge for the year
7,463 
At 31 March 2024
7,463 
Net book value
At 31 March 2024
22,387 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
10,061 
Other creditors
2,089 
Loans from directors
15,000 
Accruals
881 
28,031 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
90 A Ordinary shares of £1 each
90 
10 B Ordinary shares of £1 each
10 
100 
Shares issued during the period:
90 A Ordinary shares of £1 each
90 
10 B Ordinary shares of £1 each
10 
100 
7
Average number of employees
During the year the average number of employees was 2.
- 6 -