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REGISTERED NUMBER: 06700850 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

SHANE SISSONS LOFT CONVERSIONS LTD

SHANE SISSONS LOFT CONVERSIONS LTD (REGISTERED NUMBER: 06700850)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHANE SISSONS LOFT CONVERSIONS LTD

COMPANY INFORMATION
For The Year Ended 30 September 2021







DIRECTOR: Mr S Sissons





REGISTERED OFFICE: 9 New Lane
Holgate
York
YO24 4NT





REGISTERED NUMBER: 06700850 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Equinox House
Clifton Park
Shipton Road
York
Yorkshire
YO30 5PA

SHANE SISSONS LOFT CONVERSIONS LTD (REGISTERED NUMBER: 06700850)

BALANCE SHEET
30 September 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,845 3,197

CURRENT ASSETS
Stocks 5 12,500 12,500
Debtors 6 30,800 6,284
Cash at bank 4,066 14,071
47,366 32,855
CREDITORS
Amounts falling due within one year 7 27,652 33,294
NET CURRENT ASSETS/(LIABILITIES) 19,714 (439 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,559 2,758

CREDITORS
Amounts falling due after more than one
year

8

33,000

2,389
NET ASSETS 1,559 369

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,459 269
1,559 369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHANE SISSONS LOFT CONVERSIONS LTD (REGISTERED NUMBER: 06700850)

BALANCE SHEET - continued
30 September 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 9 September 2022 and were signed by:





Mr S Sissons - Director


SHANE SISSONS LOFT CONVERSIONS LTD (REGISTERED NUMBER: 06700850)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 September 2021


1. STATUTORY INFORMATION

Shane Sissons Loft Conversions Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 1 (2020 - 1 ) .

SHANE SISSONS LOFT CONVERSIONS LTD (REGISTERED NUMBER: 06700850)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020 21,702
Additions 18,764
Disposals (17,891 )
At 30 September 2021 22,575
DEPRECIATION
At 1 October 2020 18,505
Charge for year 4,976
Eliminated on disposal (15,751 )
At 30 September 2021 7,730
NET BOOK VALUE
At 30 September 2021 14,845
At 30 September 2020 3,197

5. STOCKS
2021 2020
£    £   
Stocks 1,000 1,000
Work-in-progress 11,500 11,500
12,500 12,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 30,800 6,284

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 12,314 4,482
Trade creditors 7,957 10,890
Taxation and social security 6,536 17,077
Other creditors 845 845
27,652 33,294

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans - 2,389
Other creditors 33,000 -
33,000 2,389

SHANE SISSONS LOFT CONVERSIONS LTD (REGISTERED NUMBER: 06700850)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 September 2021


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2021 and 30 September 2020:

2021 2020
£    £   
Mr S Sissons
Balance outstanding at start of year 6,284 4,591
Amounts advanced 59,877 56,330
Amounts repaid (35,361 ) (54,637 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,800 6,284

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £10,000 were paid to the director .