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Company Registration No. 8603030 (England and Wales)
Shivika Medical Ltd Unaudited accounts for the year ended 30 June 2024
Shivika Medical Ltd Unaudited accounts Contents
Page
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Shivika Medical Ltd Company Information for the year ended 30 June 2024
Director
Mr. Sreekanth Narsupalli
Company Number
8603030 (England and Wales)
Registered Office
43 Oxlease Meadows Romsey Hampshire SO51 7AB
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Shivika Medical Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,511 
4,682 
Investments
150,000 
80,000 
153,511 
84,682 
Current assets
Debtors
630 
- 
Cash at bank and in hand
100,516 
128,854 
101,146 
128,854 
Creditors: amounts falling due within one year
(56,940)
(82,209)
Net current assets
44,206 
46,645 
Total assets less current liabilities
197,717 
131,327 
Creditors: amounts falling due after more than one year
(21,909)
(19,814)
Net assets
175,808 
111,513 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
175,708 
111,413 
Shareholders' funds
175,808 
111,513 
For the year ending 30 June 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 22 January 2025 and were signed on its behalf by
Mr. Sreekanth Narsupalli Director Company Registration No. 8603030
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Shivika Medical Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Shivika Medical Ltd is a private company, limited by shares, registered in England and Wales, registration number 8603030. The registered office is 43 Oxlease Meadows, Romsey, Hampshire, SO51 7AB.
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.
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% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
7,000 
5,927 
12,927 
At 30 June 2024
7,000 
5,927 
12,927 
Depreciation
At 1 July 2023
4,447 
3,798 
8,245 
Charge for the year
554 
617 
1,171 
At 30 June 2024
5,001 
4,415 
9,416 
Net book value
At 30 June 2024
1,999 
1,512 
3,511 
At 30 June 2023
2,553 
2,129 
4,682 
5
Investments
Other investments 
£ 
Valuation at 1 July 2023
80,000 
Additions
70,000 
Valuation at 30 June 2024
150,000 
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Shivika Medical Ltd Notes to the Accounts for the year ended 30 June 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
630 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
35,284 
56,800 
Taxes and social security
19,223 
25,325 
Loans from directors
2,433 
84 
56,940 
82,209 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,909 
19,814 
9
Average number of employees
During the year the average number of employees was 1 (2023: 3).
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