Registered number
13077942
Shree Siddhivinayak Limited
Filleted Accounts
31 December 2024
Shree Siddhivinayak Limited
Registered number: 13077942
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 2,908 4,902
Tangible assets 4 72,624 96,108
75,532 101,010
Current assets
Stocks 4,631 4,847
Debtors 5 10,200 10,200
Cash at bank and in hand 69,625 23,689
84,456 38,736
Creditors: amounts falling due within one year 6 (50,973) (27,864)
Net current assets 33,483 10,872
Total assets less current liabilities 109,015 111,882
Creditors: amounts falling due after more than one year 7 (35,500) (52,938)
Net assets 73,515 58,944
Capital and reserves
Called up share capital 1 1
Profit and loss account 73,514 58,943
Shareholders' funds 73,515 58,944
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Biren Arvindbhai Chopada
Director
Approved by the board on 22 September 2025
Shree Siddhivinayak Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 9,970
At 31 December 2024 9,970
Amortisation
At 1 January 2024 5,068
Provided during the year 1,994
At 31 December 2024 7,062
Net book value
At 31 December 2024 2,908
At 31 December 2023 4,902
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Office Equipment Total
£ £ £ £
Cost
At 1 January 2024 31,741 114,552 8,459 154,752
At 31 December 2024 31,741 114,552 8,459 154,752
Depreciation
At 1 January 2024 11,478 43,156 4,010 58,644
Charge for the year 4,516 17,848 1,120 23,484
At 31 December 2024 15,994 61,004 5,130 82,128
Net book value
At 31 December 2024 15,747 53,548 3,329 72,624
At 31 December 2023 20,263 71,396 4,449 96,108
5 Debtors 2024 2023
£ £
Other debtors 10,200 10,200
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 47,409 30,807
Taxation and social security costs 3,564 (2,943)
50,973 27,864
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans - 26,438
Other creditors 35,500 26,500
35,500 52,938
8 Other information
Shree Siddhivinayak Limited is a private company limited by shares and incorporated in England. Its registered office is:
111 Boundary Lane
Welwyn Garden City
AL7 4EG
Shree Siddhivinayak Limited 13077942 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2024 Biren Arvindbhai Chopada No description of principal activity 13077942 2023-01-01 2023-12-31 13077942 core:WithinOneYear 2023-12-31 13077942 core:AfterOneYear 2023-12-31 13077942 core:ShareCapital 2023-12-31 13077942 core:RetainedEarningsAccumulatedLosses 2023-12-31 13077942 2024-01-01 2024-12-31 13077942 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13077942 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 13077942 bus:Director40 2024-01-01 2024-12-31 13077942 1 2024-01-01 2024-12-31 13077942 2 2024-01-01 2024-12-31 13077942 core:Goodwill 2024-01-01 2024-12-31 13077942 core:LandBuildings 2024-01-01 2024-12-31 13077942 core:PlantMachinery 2024-01-01 2024-12-31 13077942 core:Vehicles 2024-01-01 2024-12-31 13077942 countries:England 2024-01-01 2024-12-31 13077942 bus:FRS102 2024-01-01 2024-12-31 13077942 bus:FilletedAccounts 2024-01-01 2024-12-31 13077942 2024-12-31 13077942 core:WithinOneYear 2024-12-31 13077942 core:AfterOneYear 2024-12-31 13077942 core:ShareCapital 2024-12-31 13077942 core:RetainedEarningsAccumulatedLosses 2024-12-31 13077942 core:Goodwill 2024-12-31 13077942 core:LandBuildings 2024-12-31 13077942 core:PlantMachinery 2024-12-31 13077942 core:Vehicles 2024-12-31 13077942 2023-12-31 13077942 core:Goodwill 2023-12-31 13077942 core:LandBuildings 2023-12-31 13077942 core:PlantMachinery 2023-12-31 13077942 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure