Shaik UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 8586456

Shaik UK Limited

Filleted Unaudited Financial Statements

30 June 2026

Shaik UK Limited

Financial Statements

Year ended 30 June 2026

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 8

Shaik UK Limited

Statement of Financial Position

30 June 2026

	2026	2025
Note	£	£

Fixed assets

Intangible assets	6	–	20,000
Tangible assets	7	128,000	17,971
		---------	--------
		128,000	37,971

Current assets

Stocks		45,000	45,000
Debtors	8	313,571	243,038
Investments	9	1,184,410	785,386
Cash at bank and in hand		764,412	945,440
		------------	------------
		2,307,393	2,018,864

Creditors: amounts falling due within one year	10	( 455,064)	( 400,027)
		------------	------------
Net current assets		1,852,329	1,618,837
		------------	------------
Total assets less current liabilities		1,980,329	1,656,808

Provisions	11	( 3,368)	( 4,492)
		------------	------------
Net assets		1,976,961	1,652,316
		------------	------------

Capital and reserves

Called up share capital	13	12	10
Profit and loss account		1,976,949	1,652,306
		------------	------------
Shareholders funds		1,976,961	1,652,316
		------------	------------

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 30 June 2026 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 .

Shaik UK Limited

Statement of Financial Position (continued)

30 June 2026

These financial statements were approved by the board of directors and authorised for issue on 21 October 2026 , and are signed on behalf of the board by:

Z Shaik

Director

Company registration number: 8586456

Shaik UK Limited

Notes to the Financial Statements

Year ended 30 June 2026

1. General information

The company is a private company limited by shares, registered in Wales. The address of the registered office is Hamilton House, Hamilton Terrace, Milford Haven, Pembrokeshire, SA73 3JP, Wales.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the Companies Act 2006.

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

The directors have a reasonable expectation that the company has adequate resources to continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

Taxation

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.

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.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

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:

	Goodwill	-	10 years straight line

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 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% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Computer equipment	-	25% 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity 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.

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 4 (2025: 5 ).

5. Tax on profit

Major components of tax expense

	2026	2025
	£	£

Current tax:

UK current tax expense	67,709	65,081

Deferred tax:

Origination and reversal of timing differences	( 1,123)	( 1,498)
	--------	--------
Tax on profit	66,586	63,583
	--------	--------

6. Intangible assets

	Goodwill
	£
Cost
At 1 July 2025 and 30 June 2026	200,000
	---------
Amortisation
At 1 July 2025	180,000
Charge for the year	20,000
	---------
At 30 June 2026	200,000
	---------
Carrying amount
At 30 June 2026	–
	---------
At 30 June 2025	20,000
	---------

7. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Computer equipment	Total
	£	£	£	£	£
Cost
At 1 July 2025	–	24,367	57,890	13,720	95,977
Additions	116,859	–	–	–	116,859
	---------	--------	--------	--------	---------
At 30 June 2026	116,859	24,367	57,890	13,720	212,836
	---------	--------	--------	--------	---------
Depreciation
At 1 July 2025	–	21,597	44,152	12,257	78,006
Charge for the year	2,337	693	3,435	365	6,830
	---------	--------	--------	--------	---------
At 30 June 2026	2,337	22,290	47,587	12,622	84,836
	---------	--------	--------	--------	---------
Carrying amount
At 30 June 2026	114,522	2,077	10,303	1,098	128,000
	---------	--------	--------	--------	---------
At 30 June 2025	–	2,770	13,738	1,463	17,971
	---------	--------	--------	--------	---------

8. Debtors

	2026	2025
	£	£
Trade debtors	52	7
Other debtors	313,519	243,031
	---------	---------
	313,571	243,038
	---------	---------

Other debtors include an amount of £nil (2025 - £nil) falling due after more than one year.

9. Investments

	2026	2025
	£	£
Investments	1,184,410	785,386
	------------	---------

10. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	159,718	132,225
Corporation tax	67,610	62,936
Social security and other taxes	258	220
Other creditors	227,478	204,646
	---------	---------
	455,064	400,027
	---------	---------

11. Provisions

	Deferred tax (note 12)
	£
At 1 July 2025	4,492
Charge against provision	( 1,124)
	-------
At 30 June 2026	3,368
	-------

12. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 11)	3,368	4,492
	-------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	3,368	4,492
	-------	-------

13. Called up share capital

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary shares of £ 1 each	10	10	10	10
Ordinary A shares of £ 1 each	1	1	–	–
Ordinary B shares of £ 1 each	1	1	–	–
	----	----	----	----
	12	12	10	10
	----	----	----	----

14. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	12,000	12,000
	--------	--------

15. Related party transactions

During the year the company paid dividends totalling £51,800 (2025 - £31,800) to Z Shaik and Z Firdous, the directors.