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Company Registration No. 04407402 (England and Wales)
Shivakem Pharmacy Limited Unaudited accounts for the year ended 30 April 2024
Shivakem Pharmacy Limited Unaudited accounts Contents
Page
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Shivakem Pharmacy Limited Company Information for the year ended 30 April 2024
Director
Dilip Vakani
Secretary
Sejal Vakani
Company Number
04407402 (England and Wales)
Registered Office
12a Court Parade Watford Road North Wembley Middlesex HA0 3HU
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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Shivakem Pharmacy Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
48,656 
48,354 
Current assets
Inventories
92,684 
79,841 
Debtors
180,655 
30,155 
Cash at bank and in hand
1,158,716 
1,224,804 
1,432,055 
1,334,800 
Creditors: amounts falling due within one year
(207,594)
(206,281)
Net current assets
1,224,461 
1,128,519 
Net assets
1,273,117 
1,176,873 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,273,017 
1,176,773 
Shareholders' funds
1,273,117 
1,176,873 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 and authorised for issue on 21 January 2025 and were signed on its behalf by
Dilip Vakani Director Company Registration No. 04407402
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Shivakem Pharmacy Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Shivakem Pharmacy Limited is a private company, limited by shares, registered in England and Wales, registration number 04407402. The registered office is 12a Court Parade, Watford Road, North Wembley, Middlesex, HA0 3HU.
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 remained unchanged from the previous year, and also 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:
Fixtures & fittings
25% as per reducing balance method
Computer equipment
25% as per reducing balance method
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Shivakem Pharmacy Limited Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
465,000 
At 30 April 2024
465,000 
Amortisation
At 1 May 2023
465,000 
At 30 April 2024
465,000 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
37,182 
109,494 
8,158 
154,834 
Additions
- 
- 
3,376 
3,376 
At 30 April 2024
37,182 
109,494 
11,534 
158,210 
Depreciation
At 1 May 2023
- 
100,533 
5,947 
106,480 
Charge for the year
- 
2,240 
834 
3,074 
At 30 April 2024
- 
102,773 
6,781 
109,554 
Net book value
At 30 April 2024
37,182 
6,721 
4,753 
48,656 
At 30 April 2023
37,182 
8,961 
2,211 
48,354 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
26,883 
27,937 
Other debtors
3,772 
2,218 
30,655 
30,155 
Amounts falling due after more than one year
Other debtors
150,000 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
102,159 
107,964 
Taxes and social security
36,593 
18,490 
Other creditors
384 
325 
Loans from directors
65,240 
74,017 
Accruals
3,218 
5,485 
207,594 
206,281 
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Shivakem Pharmacy Limited Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 4 (2023: 6).
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