Registered number
04000089
SHOOTBAMBOO LIMITED
Filleted Accounts
31 March 2022
SHOOTBAMBOO LIMITED
Registered number: 04000089
Balance Sheet
as at 31 March 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 2 7,476 9,968
Current assets
Debtors 3 4,158 41,335
Cash at bank and in hand 21,387 27,835
25,545 69,170
Creditors: amounts falling due within one year 4 (15,968) (66,689)
Net current assets 9,577 2,481
Net assets 17,053 12,449
Capital and reserves
Called up share capital 10 10
Profit and loss account 17,043 12,439
Shareholder's funds 17,053 12,449
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
DAX DEBICE
Director
Approved by the board on 31 August 2022
SHOOTBAMBOO LIMITED
Notes to the Accounts
for the year ended 31 March 2022
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% written down value
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2021 31,284
At 31 March 2022 31,284
Depreciation
At 1 April 2021 21,316
Charge for the year 2,492
At 31 March 2022 23,808
Net book value
At 31 March 2022 7,476
At 31 March 2021 9,968
3 Debtors 2022 2021
£ £
Trade debtors 4,158 41,335
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts - 19,000
Obligations under finance lease and hire purchase contracts - 197
Trade creditors - 26,563
Corporation tax 9,191 3,083
Other taxes and social security costs 5,039 2,792
Other creditors 1,738 15,054
15,968 66,689
5 Average number of employees 2022 2021
£ £
Average number of employees 1 1
6 Other information
SHOOTBAMBOO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
14 ALLINGTON ROAD
NEWICK
LEWES
EAST SUSSEX
BN8 4NA
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