Sivan Shakthi Services Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14725259

SIVAN SHAKTHI SERVICES LTD

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

SIVAN SHAKTHI SERVICES LTD

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	6	357,176	358,669

Current assets

Stocks		58,656	34,758
Debtors	7	38,807	27,399
Cash at bank and in hand		59,569	68,818
		---------	---------
		157,032	130,975

Creditors: amounts falling due within one year	8	332,789	295,134
		---------	---------
Net current liabilities		175,757	164,159
		---------	---------
Total assets less current liabilities		181,419	194,510

Creditors: amounts falling due after more than one year	9	141,615	165,931
		---------	---------
Net assets		39,804	28,579
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	39,704	28,479
	--------	--------
Shareholders funds	39,804	28,579
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SIVAN SHAKTHI SERVICES LTD

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Sravan Sai Tamida

Director

Company registration number: 14725259

SIVAN SHAKTHI SERVICES LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 25 Weston drive, Bury St.Edmunds, Suffolk, IP32 6TX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

After reviewing the forecast and projections the director has a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. The company therefore adopts the going concern basis in the preparation of its financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% reducing balance
Fixtures and fittings	-	20% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).

5. Tax on profit

Major components of tax expense

		Period from
	Year to	14 Mar 23 to
	31 Mar 25	31 Mar 24
	£	£

Current tax:

UK current tax expense	1,515	6,655
	-------	-------
Tax on profit	1,515	6,655
	-------	-------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 19 % (2024: 20 %).

		Period from
	Year to	14 Mar 23 to
	31 Mar 25	31 Mar 24
	£	£
Profit on ordinary activities before taxation	12,740	35,134
	--------	--------
Profit on ordinary activities by rate of tax	2,421	7,027
Effect of capital allowances and depreciation	( 906)	( 372)
	--------	--------
Tax on profit	1,515	6,655
	--------	--------

6. Tangible assets

	Freehold property	Long leasehold property	Fixtures and fittings	Total
	£	£	£	£
Cost
At 1 April 2024	208,669	150,000	–	358,669
Additions	–	–	3,350	3,350
	---------	---------	-------	---------
At 31 March 2025	208,669	150,000	3,350	362,019
	---------	---------	-------	---------
Depreciation
At 1 April 2024	–	–	–	–
Charge for the year	4,173	–	670	4,843
	---------	---------	-------	---------
At 31 March 2025	4,173	–	670	4,843
	---------	---------	-------	---------
Carrying amount
At 31 March 2025	204,496	150,000	2,680	357,176
	---------	---------	-------	---------
At 31 March 2024	208,669	150,000	–	358,669
	---------	---------	-------	---------

The Director considers the fair market value of the property is equivalent to the book values.

7. Debtors

	2025	2024
	£	£
Trade debtors	9,397	–
Other debtors	29,410	27,399
	--------	--------
	38,807	27,399
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	39,175	46,610
Amounts owed to group undertakings and undertakings in which the company has a participating interest	251,383	211,383
Corporation tax	8,169	6,655
Social security and other taxes	3,211	3,203
Other creditors	30,851	27,283
	---------	---------
	332,789	295,134
	---------	---------

Other Creditors include amounts owed to related company £251,383 (2024 : £211,383) interest free with no fixed repayment date.

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	141,615	165,931
	---------	---------

10. Charges on assets

There is a charge in favour of HSBC Bank Plc against the freehold property 140, Plumstead Road, East Norwich for the legal mortgage.

11. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Sravan Sai Tamida	( 10,650)	( 1,250)	( 11,900)
Madhavi Devi Mangalagiri	( 10,000)	–	( 10,000)
	--------	-------	--------
	( 20,650)	( 1,250)	( 21,900)
	--------	-------	--------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Balance outstanding
	£	£	£
Sravan Sai Tamida	–	( 10,650)	( 10,650)
Madhavi Devi Mangalagiri	–	( 10,000)	( 10,000)
	----	--------	--------
	–	( 20,650)	( 20,650)
	----	--------	--------

12. Controlling party

During the year the company was under the control of Mr. Sravan Sai Tamada and Mrs Madhavi Devi Mangalagiri who are the Directors of the company and holds entire share capital of the company.