Registration number:
Dr SDV Shaunak Limited
for the Year Ended 30 November 2024
Pages for filing with Registrar
Dr SDV Shaunak Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Dr SDV Shaunak Limited
Company Information
Directors |
Dr SDV Shaunak Dr S Shaunak |
Registered office |
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Dr SDV Shaunak Limited
(Registration number: 08309256)
Balance Sheet as at 30 November 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Other financial assets |
136,520 |
89,178 |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
1,359,098 |
1,182,733 |
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Shareholders' funds |
1,359,198 |
1,182,833 |
Dr SDV Shaunak Limited
(Registration number: 08309256)
Balance Sheet as at 30 November 2024 (continued)
For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
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Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
Whittingham House
Whittingham Lane
Goosnargh
Preston
Lancashire
PR3 2JJ
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
2 |
Accounting policies (continued) |
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Asset class |
Depreciation method and rate |
Plant and machinery |
15% reducing balance |
Computer equipment |
33% straight line |
Fixtures and fittings |
15% reducing balance |
Investment property
Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
2 |
Accounting policies (continued) |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
2 |
Accounting policies (continued) |
Financial instruments
Classification
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and liability simultaneously.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. As equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
Tangible assets |
Fixtures, fittings, and equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 December 2023 |
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At 30 November 2024 |
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Depreciation |
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At 1 December 2023 |
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Charge for the year |
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At 30 November 2024 |
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Carrying amount |
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At 30 November 2024 |
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At 30 November 2023 |
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Investment properties |
2024 |
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At 1 December |
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At 30 November |
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There has been no valuation of investment property by an independent valuer. The directors have considered the value and find that it is appropriate in the current market.
Investments |
2024 |
2023 |
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Current financial assets |
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Financial assets at fair value through profit and loss |
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Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
6 |
Investments (continued) |
Financial assets at fair value through profit and loss |
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Current financial assets |
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Cost or valuation |
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At 1 December 2023 |
89,178 |
Fair value adjustments |
27,431 |
Additions |
35,920 |
Transfers |
(16,009) |
At 30 November 2024 |
136,520 |
Carrying amount |
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At 30 November 2024 |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Prepayments |
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Other debtors |
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Details of non-current trade and other debtors
£6,591 (2023 -£6,591) of Recoverable tax is classified as non current.
Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Related party transactions |
Loans to related parties
2024 |
Key management |
At start of period |
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Repaid |
( |
Interest at 2.25% |
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At end of period |
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2023 |
Key management |
At start of period |
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Advanced and repaid |
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Interest transactions |
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At end of period |
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Terms of loans to related parties
Dr SDV Shaunak Limited
Notes to the Financial Statements for the Year Ended 30 November 2024 (continued)
10 Company reserves
Within profit and loss reserve account totalling £1,359,098, there are amounts that are distributable and non-distributable to shareholders.
Amounts totalling £1,345,628 (2023: £1,169,263) are distributable and amounts totalling £13,470 (2023: £13,470) are not distributable.