SHAH P.J. & COMPANY LIMITED


Director	Prafulchandra Jayantilal SHAH


Company Secretary	SHAH, Harsha Praful


Registered Address	301 Kenton Lane
	Harrow
	Middlesex
	HA3 8RR


Registered Number	03439207 (England and Wales)

Balance Sheet as at
31 December 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		120,000		135,000
Tangible assets	4		10,618		12,143
			130,618		147,143
Current assets
Debtors	5	920,132		982,229
Cash at bank and on hand		213,962		133,235
		1,134,094		1,115,464
Creditors amounts falling due within one year	6	(139,540)		(211,595)
Net current assets (liabilities)			994,554		903,869
Total assets less current liabilities			1,125,172		1,051,012
Creditors amounts falling due after one year	7		-		(15,271)
Net assets			1,125,172		1,035,741
Capital and reserves
Called up share capital			100		100
Profit and loss account			1,125,072		1,035,641
Shareholders' funds			1,125,172		1,035,741

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 2 September 2026, 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 2025

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.

	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.

	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


		2025		2024
	Average number of employees during the year	5		5

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 January 25	150,000	150,000
At 31 December 25	150,000	150,000
Amortisation and impairment
At 01 January 25	15,000	15,000
Charge for year	15,000	15,000
At 31 December 25	30,000	30,000
Net book value
At 31 December 25	120,000	120,000
At 31 December 24	135,000	135,000

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	153,242	3,663	4,748	74,284	235,937
Additions	-	-	-	2,014	2,014
At 31 December 25	153,242	3,663	4,748	76,298	237,951
Depreciation and impairment
At 01 January 25	153,242	2,928	4,562	63,062	223,794
Charge for year	-	184	47	3,308	3,539
At 31 December 25	153,242	3,112	4,609	66,370	227,333
Net book value
At 31 December 25	-	551	139	9,928	10,618
At 31 December 24	-	735	186	11,222	12,143

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	142,564	193,797
Other debtors	773,853	783,003
Prepayments and accrued income	3,715	5,429
Total	920,132	982,229

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	2,120	3,865
Bank borrowings and overdrafts	7,392	2,022
Taxation and social security	100,964	120,794
Other creditors	22,301	79,685
Accrued liabilities and deferred income	6,763	5,229
Total	139,540	211,595

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	15,271
Total	-	15,271

8.	Related party transactions
	Included in other debtors is an amount of £770,824 (2024: £759,824) 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.