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Company Registration No. 09090735 (England and Wales)
SHIVOM ENTERPRISE LTD Unaudited accounts for the year ended 31 May 2024
SHIVOM ENTERPRISE LTD Unaudited accounts Contents
Page
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SHIVOM ENTERPRISE LTD Company Information for the year ended 31 May 2024
Director
Viram Goraniya
Company Number
09090735 (England and Wales)
Registered Office
45 Tredegar Street Risca NEWPORT Gwent NP11 6BW Wales
Accountants
Numera Accountancy Ltd Certified Public Accountants 39 Clive Street CARDIFF CF11 7HJ
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SHIVOM ENTERPRISE LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
14,700 
18,000 
Tangible assets
49,506 
28,189 
64,206 
46,189 
Current assets
Inventories
99,500 
113,090 
Debtors
16,433 
6,280 
Cash at bank and in hand
57,374 
92,433 
173,307 
211,803 
Creditors: amounts falling due within one year
(22,917)
(21,145)
Net current assets
150,390 
190,658 
Total assets less current liabilities
214,596 
236,847 
Creditors: amounts falling due after more than one year
(185,355)
(189,674)
Net assets
29,241 
47,173 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
29,141 
47,073 
Shareholders' funds
29,241 
47,173 
For the year ending 31 May 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 7 March 2025 and were signed on its behalf by
Viram Goraniya Director Company Registration No. 09090735
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SHIVOM ENTERPRISE LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SHIVOM ENTERPRISE LTD is a private company, limited by shares, registered in England and Wales, registration number 09090735. The registered office is 45 Tredegar Street, Risca, NEWPORT, Gwent, NP11 6BW , Wales.
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:
Plant & machinery
25%
Fixtures & fittings
25%
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.
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SHIVOM ENTERPRISE LTD Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 June 2023
145,000 
1,500 
146,500 
At 31 May 2024
145,000 
1,500 
146,500 
Amortisation
At 1 June 2023
128,500 
- 
128,500 
Charge for the year
3,300 
- 
3,300 
At 31 May 2024
131,800 
- 
131,800 
Net book value
At 31 May 2024
13,200 
1,500 
14,700 
At 31 May 2023
16,500 
1,500 
18,000 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
65,048 
- 
8,543 
909 
74,500 
Additions
5,000 
32,820 
- 
- 
37,820 
At 31 May 2024
70,048 
32,820 
8,543 
909 
112,320 
Depreciation
At 1 June 2023
39,037 
- 
6,877 
397 
46,311 
Charge for the year
7,753 
8,205 
417 
128 
16,503 
At 31 May 2024
46,790 
8,205 
7,294 
525 
62,814 
Net book value
At 31 May 2024
23,258 
24,615 
1,249 
384 
49,506 
At 31 May 2023
26,011 
- 
1,666 
512 
28,189 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
100 
100 
Amounts falling due after more than one year
Trade debtors
5,000 
5,000 
Other debtors
11,333 
1,180 
16,333 
6,180 
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SHIVOM ENTERPRISE LTD Notes to the Accounts for the year ended 31 May 2024
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
12,574 
5,916 
Trade creditors
3,861 
2,962 
Taxes and social security
- 
7,564 
Other creditors
2,176 
2,150 
Accruals
4,306 
2,553 
22,917 
21,145 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
35,648 
41,204 
Obligations under finance leases and hire purchase contracts
34,576 
- 
Other creditors
91,335 
79,010 
Taxes and social security
(2,989)
- 
Loans from directors
26,785 
69,460 
185,355 
189,674 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 14 (2023: 14).
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