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REGISTERED NUMBER: 08117456 (England and Wales)










Shah Corporation Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Shah Corporation Limited (Registered number: 08117456)






Contents of the Financial Statements
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shah Corporation Limited

Company Information
for the year ended 30 June 2024







DIRECTOR: Mr A R Shah





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 08117456 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Shah Corporation Limited (Registered number: 08117456)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 20,233
Tangible assets 5 1,250 1,562
Investments 6 100 300
1,350 22,095

CURRENT ASSETS
Debtors 7 99,667 34,711
Cash at bank 1,397 2,524
101,064 37,235
CREDITORS
Amounts falling due within one year 8 3,292 3,392
NET CURRENT ASSETS 97,772 33,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

99,122

55,938

PROVISIONS FOR LIABILITIES 238 297
NET ASSETS 98,884 55,641

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 367,046 367,046
Retained earnings (268,264 ) (311,507 )
SHAREHOLDERS' FUNDS 98,884 55,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





Mr A R Shah - Director


Shah Corporation Limited (Registered number: 08117456)

Notes to the Financial Statements
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Shah Corporation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis.

The director aims to continue to support the company for the foreseeable future, and it is hoped that through future trading the company will be profitable.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Shah Corporation Limited (Registered number: 08117456)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 20,233
Disposals (20,233 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 20,233

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,455
DEPRECIATION
At 1 July 2023 3,893
Charge for year 312
At 30 June 2024 4,205
NET BOOK VALUE
At 30 June 2024 1,250
At 30 June 2023 1,562

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023 300
Disposals (200 )
At 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 99,487 34,440
Other debtors 180 271
99,667 34,711

Shah Corporation Limited (Registered number: 08117456)

Notes to the Financial Statements - continued
for the year ended 30 June 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 162 562
Other creditors 3,130 2,830
3,292 3,392

9. RELATED PARTY DISCLOSURES

As at 30th June 2024 Shah Corporation Consulting Limited owed the company £99,487 (2023: £34,439).

During the year, intercompany transactions between the company and Freestate Gummies Limited were written off. This was a result of Freestate Gummies Limited being dissolved on 6 February 2024.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A R Shah.