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Company Registration No. 08333146 (England and Wales)
SHANNADE LIMITED Unaudited accounts for the year ended 31 December 2022
SHANNADE LIMITED Unaudited accounts Contents
Page
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SHANNADE LIMITED Company Information for the year ended 31 December 2022
Director
Titilayo Adegbenro
Secretary
Titilayo Adegbenro
Company Number
08333146 (England and Wales)
Registered Office
45 Sibthorpe Road Lee London SE12 9DN
Accountants
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX
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SHANNADE LIMITED Accountants' report
Accountants' report to the director of SHANNADE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHANNADE LIMITED for the year ended 31 December 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SHANNADE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SHANNADE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SHANNADE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SHANNADE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of SHANNADE LIMITED. You consider that SHANNADE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SHANNADE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Brown & Bam Associates 143 Pembury Avenue Worcester Park Surrey County (optional) KT4 8BX 30 September 2023
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SHANNADE LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,139 
6,569 
Current assets
Debtors
49,185 
49,257 
Cash at bank and in hand
9,007 
21,212 
58,192 
70,469 
Creditors: amounts falling due within one year
(19,296)
(20,225)
Net current assets
38,896 
50,244 
Total assets less current liabilities
44,035 
56,813 
Creditors: amounts falling due after more than one year
(18,750)
(22,917)
Net assets
25,285 
33,896 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
25,284 
33,895 
Shareholders' funds
25,285 
33,896 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Titilayo Adegbenro Director Company Registration No. 08333146
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SHANNADE LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
SHANNADE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08333146. The registered office is 45 Sibthorpe Road, Lee, London, SE12 9DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25
Fixtures & fittings
20
Computer equipment
25
Other tangible fixed assets
10
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
The board of director(s) has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. For these reasons, the board decides to continue to adopt the going concern basis in preparing the financial statements for the company.
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SHANNADE LIMITED Notes to the Accounts for the year ended 31 December 2022
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2022
14,250 
787 
4,937 
19,974 
At 31 December 2022
14,250 
787 
4,937 
19,974 
Depreciation
At 1 January 2022
10,148 
467 
2,790 
13,405 
Charge for the year
1,026 
64 
340 
1,430 
At 31 December 2022
11,174 
531 
3,130 
14,835 
Net book value
At 31 December 2022
3,076 
256 
1,807 
5,139 
At 31 December 2021
4,102 
320 
2,147 
6,569 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
49,185 
49,185 
Other debtors
- 
72 
49,185 
49,257 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Obligations under finance leases and hire purchase contracts
1,239 
3,295 
Amounts owed to group undertakings and other participating interests
17,757 
14,647 
Taxes and social security
- 
607 
Other creditors
- 
1,196 
Accruals
300 
480 
19,296 
20,225 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
18,750 
22,917 
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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