Registered number
09923958
SHAGUN WEDDINGS LIMITED
Filleted Unaudited Accounts
31 DECEMBER 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
SHAGUN WEDDINGS LIMITED
Registered number: 09923958
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 315,833 407,025
Current assets
Debtors 4 970,949 705,842
Cash at bank and in hand 177,664 99,888
1,148,613 805,730
Creditors: amounts falling due within one year 5 (991,973) (864,726)
Net current assets/(liabilities) 156,640 (58,996)
Total assets less current liabilities 472,473 348,029
Creditors: amounts falling due after more than one year 6 (134,781) (119,640)
Provisions for liabilities (61,326) (17,135)
Net assets 276,366 211,254
Capital and reserves
Called up share capital 100 100
Profit and loss account 276,266 211,154
Shareholders' funds 276,366 211,254
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.
Mrs Geeta Mehta
Director
Approved by the board on 29 December 2025
SHAGUN WEDDINGS 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.
Turnover
Turnover is measured as the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of event decoration services. Turnover from the rendering of services is initially recognised as deferred income until the service is delivered to the customer. However, 25 % of any non-refundable deposits received is recognised as income immediately, with the remainder of the Turnover for that particular customer is recognised when the service is delivered or on cancellation on event (if earlier).
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicle 25% Written down value
Fixtures, fittings, tools and equipment 15% Written down value
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 16
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2024 630,601 94,980 725,581
Additions 144,419 58,160 202,579
Disposals (368,577) (7,500) (376,077)
At 31 December 2024 406,443 145,640 552,083
Depreciation
At 1 January 2024 284,017 34,539 318,556
Charge for the year 40,215 29,317 69,532
On disposals (145,672) (6,166) (151,838)
At 31 December 2024 178,560 57,690 236,250
Net book value
At 31 December 2024 227,883 87,950 315,833
At 31 December 2023 346,584 60,441 407,025
4 Debtors 2024 2023
£ £
Trade debtors 724,690 664,489
Other debtors 246,259 41,353
970,949 705,842
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans & credit card ( see note 6 below) 36,349 33,340
Obligations under finance lease and hire purchase contracts 23,389 9,019
Trade creditors 36,228 29,852
Other taxes and social security costs 142,250 152,150
Other creditors 753,757 640,365
991,973 864,726
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 54,612 68,462
Obligations under finance lease and hire purchase contracts 80,169 51,178
134,781 119,640
Included in note 5 and note 6 above is a bounce back loan amounting to £ 39,234 (2023: -£42,905 ) which is an unsecured with an annual interest of 2.5%.
7 Controlling party
There is no ultimate controlling party.
8 Other information
SHAGUN WEDDINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309 Hoe Street
Walthamstow
London
E17 9BG
SHAGUN WEDDINGS LIMITED 09923958 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 Mrs Geeta Mehta No description of principal activity 09923958 2023-01-01 2023-12-31 09923958 core:WithinOneYear 2023-12-31 09923958 core:AfterOneYear 2023-12-31 09923958 core:ShareCapital 2023-12-31 09923958 core:RetainedEarningsAccumulatedLosses 2023-12-31 09923958 2024-01-01 2024-12-31 09923958 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09923958 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 09923958 bus:Director40 2024-01-01 2024-12-31 09923958 1 2024-01-01 2024-12-31 09923958 2 2024-01-01 2024-12-31 09923958 core:PlantMachinery 2024-01-01 2024-12-31 09923958 core:Vehicles 2024-01-01 2024-12-31 09923958 countries:England 2024-01-01 2024-12-31 09923958 bus:FRS102 2024-01-01 2024-12-31 09923958 bus:FilletedAccounts 2024-01-01 2024-12-31 09923958 2024-12-31 09923958 core:AfterOneYear 2024-12-31 09923958 core:ShareCapital 2024-12-31 09923958 core:RetainedEarningsAccumulatedLosses 2024-12-31 09923958 core:PlantMachinery 2024-12-31 09923958 core:Vehicles 2024-12-31 09923958 core:WithinOneYear 2024-12-31 09923958 2023-12-31 09923958 core:PlantMachinery 2023-12-31 09923958 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure