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REGISTERED NUMBER: 04600279 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

J. SHEVLIN LIMITED

J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J. SHEVLIN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J M Shevlin
S Shevlin





REGISTERED OFFICE: 5 Cambridge Road
Waterbeach
Cambridge
Cambridgeshire
CB25 9NJ





REGISTERED NUMBER: 04600279 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 5 401,995 360,160
Investment property 6 355,600 355,600
757,595 715,760

CURRENT ASSETS
Debtors 7 552,140 1,364,714
Cash at bank 2,007,707 1,461,741
2,559,847 2,826,455
CREDITORS
Amounts falling due within one year 8 (852,530 ) (1,070,387 )
NET CURRENT ASSETS 1,707,317 1,756,068
TOTAL ASSETS LESS CURRENT LIABILITIES 2,464,912 2,471,828

CREDITORS
Amounts falling due after more than one
year

9

(37,435

)

(21,472

)

PROVISIONS FOR LIABILITIES (102,764 ) (93,625 )
NET ASSETS 2,324,713 2,356,731

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 2,324,711 2,356,729
SHAREHOLDERS' FUNDS 2,324,713 2,356,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2022 and were signed on its behalf by:





S Shevlin - Director


J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

J. Shevlin 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises Civil Engineering contract income and is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services:

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance


J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2020 - 14 ) .

J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 205,175 31,040 309,693 13,008 558,916
Additions 42,733 - 121,000 - 163,733
At 31 December 2021 247,908 31,040 430,693 13,008 722,649
DEPRECIATION
At 1 January 2021 103,369 2,972 83,946 8,469 198,756
Charge for year 31,309 7,017 82,437 1,135 121,898
At 31 December 2021 134,678 9,989 166,383 9,604 320,654
NET BOOK VALUE
At 31 December 2021 113,230 21,051 264,310 3,404 401,995
At 31 December 2020 101,806 28,068 225,747 4,539 360,160

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2021
and 31 December 2021 56,540
DEPRECIATION
At 1 January 2021 16,179
Charge for year 10,090
At 31 December 2021 26,269
NET BOOK VALUE
At 31 December 2021 30,271
At 31 December 2020 40,361

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 355,600
NET BOOK VALUE
At 31 December 2021 355,600
At 31 December 2020 355,600

J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

6. INVESTMENT PROPERTY - continued

Investment property is shown at fair value.

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2019 198,106
Valuation in 2018 4,600
Valuation in 2017 8,000
Valuation in 2016 15,000
Valuation in 2015 129,894
355,600

If Investment property had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 198,106 198,106

Investment property was valued on a fair value basis on 31 December 2021 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 227,110 379,118
Amounts owed by group undertakings - 682,960
Amounts recoverable on contract 269,437 240,428
Other debtors 55,593 62,208
552,140 1,364,714

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 10) 11,040 50,000
Hire purchase contracts 17,997 16,817
Trade creditors 14,333 47,526
Amounts owed to group undertakings 541,852 -
Taxation and social security 131,001 220,386
Other creditors 136,307 735,658
852,530 1,070,387

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans (see note 10) 33,960 -
Hire purchase contracts 3,475 21,472
37,435 21,472

J. SHEVLIN LIMITED (REGISTERED NUMBER: 04600279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

10. LOANS

The balance within bank loans is represented by a bounce back loan.

11. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Hire purchase contracts 21,472 38,289

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
2 Ordinary £1 2 2

13. OTHER FINANCIAL COMMITMENTS

At the year end the company had property rent licence commitments totalling £10,000.

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2021 and 31 December 2020:

2021 2020
£    £   
J M Shevlin
Balance outstanding at start of year - 339,311
Amounts repaid - (339,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest at the rate of 2.5% (pre 05.04.20) and 2.25% (post 05.04.20) per annum has been charged on this loan.

15. RELATED PARTY DISCLOSURES

At the balance sheet date the company was due £541,852 (2020 - £682,960) from a company that holds a 100% interest in the share capital of J.Shevlin Limited. This loan carries no interest and is repayable on demand and is disclosed within amounts due from group undertakings in less than one year.