Shubhi Corporation Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07941507 (England and Wales)

Financial Statements for the Year Ended 31 March 2019

for

SHUBHI CORPORATION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr V Banthia

Mr T Broderick

REGISTERED OFFICE:

1 & 2 Studley Court Mews

Studley Court

Guilford road

Chobham

Surrey

GU24 8EB

REGISTERED NUMBER:

07941507 (England and Wales)

ACCOUNTANTS:

THB LLP

1 & 2 Studley Court Mews

Studley Court

Guildford Road

Chobham

Surrey

GU24 8EB

FIXED ASSETS

Tangible assets

3

1,994

1,994

CURRENT ASSETS

Stocks

4

503,432

517,061

Debtors

5

115,600

102,931

Cash at bank and in hand

30,428

98,233

649,460

718,225

CREDITORS

Amounts falling due within one year

6

29,311

40,889

NET CURRENT ASSETS

620,149

677,336

TOTAL ASSETS LESS CURRENT LIABILITIES

622,143

679,330

CREDITORS

Amounts falling due after more than one year

7

855,617

855,617

NET LIABILITIES

(233,474

)

(176,287

)

CAPITAL AND RESERVES

Called up share capital

8

100,000

100,000

Retained earnings

9

(333,474

)

(276,287

)

SHAREHOLDERS' FUNDS

(233,474

)

(176,287

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 10 June 2019 and were signed on its behalf by:

Mr T Broderick - Director

1.	STATUTORY INFORMATION

Shubhi Corporation Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added

tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving

items.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2018

and 31 March 2019

1,994

NET BOOK VALUE

At 31 March 2019

1,994

At 31 March 2018

1,994

4.

STOCKS

31.3.19

31.3.18

£

£

Finished goods

503,432

517,061

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

79,935

102,435

Other debtors

35,665

496

115,600

102,931

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

7,289

3,131

Taxation and social security

22,022

37,758

29,311

40,889

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

855,617

855,617

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.19

31.3.18

value:

£

£

1

Ordinary

£1

100,000

100,000

9.

RESERVES

Retained

earnings

£

At 1 April 2018

(276,287

)

Deficit for the year

(57,187

)

At 31 March 2019

(333,474

)

10.	RELATED PARTY DISCLOSURES

At the end of the year the company owed an amount of £855,617 (2018: £855,617) to it's directors.