Shivika Ltd - Filleted accounts

Shivika Ltd
Registered number:		14906250
Statement of Financial Position
as at 31 May 2025

Notes			2025
£
Fixed assets
Tangible assets	3		67,494

Current assets
Stocks		65,000
Debtors	4	29,594
Cash at bank and in hand		41,892
		136,486

Creditors: amounts falling due within one year	5	(217,398)

Net current (liabilities)/assets			(80,912)

Net (liabilities)/assets			(14,436)

Capital and reserves
Called up share capital			100
Profit and loss account			(14,536)

Shareholders' funds			(14,436)

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 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.




V J K Patel
Director
Approved by the board on 6 November 2025

Shivika Ltd
Notes to the Accounts
for the year ended 31 May 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.

	Going concern
	The company had retained losses as at the balance sheet date which were not covered by the share capital of the company. The company is continuing to trade as the directors of the company are funding the company in the form of a director’s loan. The directors are planning to continue this financial support for the company for the foreseeable future.

	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 . Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	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:

	Leasehold improvements	over 5 years
	Plant and machinery	25% reducing balance

	Inventories
	Inventories 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, 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. 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.



2	Employees and directors			2025
Number

	Average number of directors and persons employed by the company			3


3	Tangible fixed assets
		Leasehold improvements		Plant and machinery etc		Total
£			£		£
	Cost
	Additions	26,615		61,482		88,097
	At 31 May 2025	26,615		61,482		88,097

	Depreciation
	Charge for the year	5,323		15,280		20,603
	At 31 May 2025	5,323		15,280		20,603

	Net book value
	At 31 May 2025	21,292		46,202		67,494




4	Debtors			2025
£

	Prepayments			10,037
	Other debtors			19,557
				29,594


5	Creditors: amounts falling due within one year			2025
£

	Bank loans and overdrafts			47,742
	Trade creditors			102,923
	Accruals			1,235
	Other creditors			65,498
				217,398


6	Other information

	Shivika Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	32 Union Street
	Farnborough
	Hampshire
	GU14 7QB