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Company registration number:
07458777
Shoeshoebedo Limited
Unaudited Filleted Financial Statements for the year ended
31 December 2021
Shoeshoebedo Limited
Statement of Financial Position
31 December 2021
20212020
Note££
Fixed assets    
Intangible assets 5
6,784
 
7,374
 
Tangible assets 6
8,333
 
4,852
 
15,117
 
12,226
 
Current assets    
Stocks
250,000
 
150,000
 
Debtors 7
202,690
 
101,887
 
Cash at bank and in hand
357,880
 
565,498
 
810,570
 
817,385
 
Creditors: amounts falling due within one year 8
(498,639
)
(510,535
)
Net current assets
311,931
 
306,850
 
Total assets less current liabilities 327,048   319,076  
Creditors: amounts falling due after more than one year 9
(48,866
)
(50,000
)
Net assets
278,182
 
269,076
 
Capital and reserves    
Called up share capital
100
 
100
 
Revaluation reserve
32,000
 
32,000
 
Profit and loss account
246,082
 
236,976
 
Shareholders funds
278,182
 
269,076
 
For the year ending
31 December 2021
, 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.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 September 2022
, and are signed on behalf of the board by:
C Hampshaw
K Hampshaw
DirectorDirector
Company registration number:
07458777
Shoeshoebedo Limited
Notes to the Financial Statements
Year ended
31 December 2021

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Unit 21a Perseverance Mills
,
Lockwood Scar
,
Huddersfield
,
HD4 6BW
, England.

2 Statement of compliance

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

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
8% reducing balance

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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 capital and reserves. However, the increase is recognised in profit or loss to the extent that 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 capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% reducing balance
Motor vehicles
25% reducing balance
Office equipment
25% reducing balance

Defined contribution pension plan

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.

4 Average number of employees

The average number of persons employed by the company during the year was
11
(2020:
11.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 January 2021
and
31 December 2021
19,555
 
Amortisation  
At
1 January 2021
12,181
 
Charge
590
 
At
31 December 2021
12,771
 
Carrying amount  
At
31 December 2021
6,784
 
At 31 December 2020
7,374
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 January 2021
28,052
 
Additions
6,049
 
At
31 December 2021
34,101
 
Depreciation  
At
1 January 2021
23,200
 
Charge
2,568
 
At
31 December 2021
25,768
 
Carrying amount  
At
31 December 2021
8,333
 
At 31 December 2020
4,852
 

7 Debtors

20212020
££
Trade debtors
88,061
 
88,061
 
Other debtors
114,629
 
13,826
 
202,690
 
101,887
 

8 Creditors: amounts falling due within one year

20212020
££
Trade creditors
244,805
 
250,376
 
Taxation and social security
195,752
 
205,669
 
Other creditors
58,082
 
54,490
 
498,639
 
510,535
 

9 Creditors: amounts falling due after more than one year

20212020
££
Bank loans and overdrafts
48,866
 
50,000