SHAH P.J. & COMPANY LIMITED


Director	Prafulchandra Jayantilal SHAH


Registered Address	301 Kenton Lane
	Harrow
	Middlesex
	HA3 8RR


Registered Number	03439207 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		135,000		150,000
Tangible assets	4		12,143		7,160
			147,143		157,160
Current assets
Debtors	5	982,229		786,213
Cash at bank and on hand		133,235		131,567
		1,115,464		917,780
Creditors amounts falling due within one year	6	(211,595)		(129,106)
Net current assets (liabilities)			903,869		788,674
Total assets less current liabilities			1,051,012		945,834
Creditors amounts falling due after one year	7		(15,271)		(25,781)
Net assets			1,035,741		920,053
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,035,641		919,953
Shareholders' funds			1,035,741		920,053

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 30 September 2025, and are signed on its behalf by:

Prafulchandra Jayantilal SHAH
Director
Registered Company No. 03439207

SHAH P.J. & COMPANY LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

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

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from rendering of services
	Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. . Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. . Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	10
Plant and machinery	25	-
Fixtures and fittings	25	-
Office Equipment	25	-

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		5

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 24	150,000	150,000
At 31 December 24	150,000	150,000
Amortisation and impairment
Charge for year	15,000	15,000
At 31 December 24	15,000	15,000
Net book value
At 31 December 24	135,000	135,000
At 31 December 23	150,000	150,000

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 24	153,242	3,663	4,748	67,221	228,874
Additions	-	-	-	7,063	7,063
At 31 December 24	153,242	3,663	4,748	74,284	235,937
Depreciation and impairment
At 01 January 24	153,242	2,684	4,500	61,288	221,714
Charge for year	-	244	62	1,774	2,080
At 31 December 24	153,242	2,928	4,562	63,062	223,794
Net book value
At 31 December 24	-	735	186	11,222	12,143
At 31 December 23	-	979	248	5,933	7,160

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	193,797	278,084
Other debtors	783,003	508,129
Prepayments and accrued income	5,429	-
Total	982,229	786,213

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	3,865	-
Bank borrowings and overdrafts	2,022	3,384
Taxation and social security	120,794	123,339
Other creditors	79,685	2,383
Accrued liabilities and deferred income	5,229	-
Total	211,595	129,106

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	15,271	25,781
Total	15,271	25,781

8.	Related party transactions
	Included in other debtors is an amount of £759,824 (2023: £503,500) due from a company in which Prafulchandra Jayantilal Shah and spouse own the whole of the issued capital. No interest is charged on this amount.

9.	Controlling party
	The controlling party is Prafulchandra Jayantilal Shah by virtue of holding the majority of the shares in the company.