Shiva Consultancy Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06807307

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Shiva Consultancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S S Gor

Mrs M Gor

REGISTERED OFFICE:

93 Oakwood Crescent

Greenford

Middlesex

UB6 0RG

REGISTERED NUMBER:

06807307

ACCOUNTANTS:

Dave & Co

Chartered Accountants

Manchester Square

18 Fitzhardinge Street

London

W1H 6EQ

FIXED ASSETS

Intangible assets

4

25,870

51,740

CURRENT ASSETS

Debtors

5

1,300,000

724,247

Cash at bank

556,563

735,924

1,856,563

1,460,171

CREDITORS

Amounts falling due within one year

6

218,860

157,857

NET CURRENT ASSETS

1,637,703

1,302,314

TOTAL ASSETS LESS CURRENT LIABILITIES

1,663,573

1,354,054

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

1,663,571

1,354,052

SHAREHOLDERS' FUNDS

1,663,573

1,354,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 27 July 2018 and were signed on its behalf by:

S S Gor - Director

1.	STATUTORY INFORMATION

Shiva Consultancy Limited is a private company, limited by shares , registered in Not

specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

258,700

AMORTISATION

At 1 April 2017

206,960

Charge for year

25,870

At 31 March 2018

232,830

NET BOOK VALUE

At 31 March 2018

25,870

At 31 March 2017

51,740

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

(5,753

)

Other debtors

1,300,000

730,000

1,300,000

724,247

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Tax

79,500

68,372

VAT

3,000

-

Other creditors

100,000

-

Directors' loan accounts

21,360

79,485

Accrued expenses

15,000

10,000

218,860

157,857

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.18

31.3.17

value:

£

£

2

Ordinary

1

2

2

8.

RESERVES

Retained

earnings

£

At 1 April 2017

1,354,052

Profit for the year

319,519

Dividends

(10,000

)

At 31 March 2018

1,663,571