Shaily Innovations Ltd 31/03/2026 iXBRL

Company registration number: 12992051

Shaily Innovations Ltd

Filleted financial statements

31 March 2026

Shaily Innovations Ltd

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Shaily Innovations Ltd

Directors and other information


	Directors	Mr Amit Sanghvi
		Mr Mahendra Sanghvi
		Mr Veer Doshi
		Ms Kinjal Bhavsar


	Company number	12992051


	Registered office	6th Floor, AMP House
		Dingwall Road
		Croydon
		United Kingdom
		CR0 2LX


	Auditor	TC Group
		1st Floor Spitalfields House
		Stirling Way
		Borehamwood
		WD6 2FX


	Accountants	Doshi & Co. Accountants
		6th Floor, AMP House
		Dingwall Road
		Croydon
		CR0 2LX

Shaily Innovations Ltd

Directors responsibilities statement

Year ended 31 March 2026

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Shaily Innovations Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	1,929,732		2,037,741
Tangible assets	6	293,619		131,502
		_______		_______
			2,223,351		2,169,243

Current assets
Debtors	7	2,949,730		3,118,330
Cash at bank and in hand		884,903		1,325,257
		_______		_______
		3,834,633		4,443,587
Creditors: amounts falling due
within one year	8	( 179,852)		( 863,335)
		_______		_______
Net current assets			3,654,781		3,580,252
			_______		_______
Total assets less current liabilities			5,878,132		5,749,495

Creditors: amounts falling due
after more than one year	9		( 122,842)		-
			_______		_______
Net assets			5,755,290		5,749,495
			_______		_______

Capital and reserves
Called up share capital			1,100,000		1,100,000
Profit and loss account			4,655,290		4,649,495
			_______		_______
Shareholders funds			5,755,290		5,749,495
			_______		_______

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.

These financial statements were approved by the board of directors and authorised for issue on 13 May 2026 , and are signed on behalf of the board by:

Mr Amit Sanghvi

Director

Company registration number: 12992051

Shaily Innovations Ltd

Statement of changes in equity

Year ended 31 March 2026

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2024	1,100,000	2,578,211	3,678,211

Profit for the year		2,534,079	2,534,079
	_______	_______	_______
Total comprehensive income for the year	-	2,534,079	2,534,079

Dividends paid and payable		( 462,795)	( 462,795)
	_______	_______	_______
Total investments by and distributions to owners	-	( 462,795)	( 462,795)

	_______	_______	_______
At 31 March 2025 and 1 April 2025	1,100,000	4,649,495	5,749,495

Profit for the year		799,795	799,795
	_______	_______	_______
Total comprehensive income for the year	-	799,795	799,795

Dividends paid and payable		( 794,000)	( 794,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 794,000)	( 794,000)

	_______	_______	_______
At 31 March 2026	1,100,000	4,655,290	5,755,290
	_______	_______	_______

Shaily Innovations Ltd

Notes to the financial statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6th Floor, AMP House, Dingwall Road, Croydon, United Kingdom, CR0 2LX.

2. Statement of compliance

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

Turnover

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.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at a revalued amount, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Patents and licences	-	estimated useful life of ten year

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Long leasehold property	-	Over the remaining lease term
Plant and machinery	-	10 %	straight line
Fittings fixtures and equipment	-	10 %	straight line
Motor vehicles	-	20 %	straight line
Computer equipment	-	33.33 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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 in finance costs in profit or loss in the period in which it arises.

4. Staff costs

The average number of persons employed by the company during the year amounted to 13 (2025: 9 ).

The aggregate payroll costs incurred during the year were:

	2026	2025
	£	£
Wages and salaries	861,342	401,800
Other pension costs	33,345	14,950
	_______	_______
	894,687	416,750
	_______	_______

5. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2025	2,326,450	2,326,450
Additions	124,635	124,635
	_______	_______
At 31 March 2026	2,451,085	2,451,085
	_______	_______
Amortisation
At 1 April 2025	288,709	288,709
Charge for the year	232,644	232,644
	_______	_______
At 31 March 2026	521,353	521,353
	_______	_______
Carrying amount
At 31 March 2026	1,929,732	1,929,732
	_______	_______
At 31 March 2025	2,037,741	2,037,741
	_______	_______

Included Development costs represent assets under development.

6. Tangible assets

	Long leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Computer equipment	Total
	£	£	£	£	£	£
Cost
At 1 April 2025	-	-	29,740	45,935	134,872	210,547
Additions	210,250	32,117	2,793	-	3,818	248,978
	_______	_______	_______	_______	_______	_______
At 31 March 2026	210,250	32,117	32,533	45,935	138,690	459,525
	_______	_______	_______	_______	_______	_______
Depreciation
At 1 April 2025	-	-	6,080	9,191	63,774	79,045
Charge for the year	36,590	3,215	3,176	9,190	34,690	86,861
	_______	_______	_______	_______	_______	_______
At 31 March 2026	36,590	3,215	9,256	18,381	98,464	165,906
	_______	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2026	173,660	28,902	23,277	27,554	40,226	293,619
	_______	_______	_______	_______	_______	_______
At 31 March 2025	-	-	23,660	36,744	71,098	131,502
	_______	_______	_______	_______	_______	_______

7. Debtors

	2026	2025
	£	£
Trade debtors	1,824,856	2,670,559
Other debtors	1,124,874	447,771
	_______	_______
	2,949,730	3,118,330
	_______	_______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	81,076	614,980
Corporation tax	-	223,219
Social security and other taxes	40,012	20,635
Other creditors	58,764	4,501
	_______	_______
	179,852	863,335
	_______	_______

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

	2026	2025
	£	£
Other creditors	122,842	-
	_______	_______

10. Summary audit opinion

The auditor's report dated 13 May 2026 was unqualified.

The senior statutory auditor was Sadikali Gulamabbas Premji (FCCA) for and on behalf of TC Group

11. Directors advances, credits and guarantees

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

2026
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Amit Sanghvi	-	-	-
	Ms Kinjal Bhavsar	23,374	( 23,374)	-
		_______	_______	_______

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr Amit Sanghvi	12,190	( 12,190)	-
	Ms Kinjal Bhavsar	24,125	( 751)	23,374
		_______	_______	_______
		36,315	( 12,941)	23,374
		_______	_______	_______

12. Controlling party

The company's parent undertaking and ultimate controlling party is Shaily Engineering Plastics Ltd, a company incorporated in India.