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REGISTERED NUMBER: 03573049 (England and Wales)















Shield Service Group Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






Shield Service Group Ltd (Registered number: 03573049)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Shield Service Group Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: M J Rose
K J L Macpherson



SECRETARY: M P Goddard



REGISTERED OFFICE: Bourne House
475 Godstone Road
Whyteleafe
Surrey
CR3 0BL



REGISTERED NUMBER: 03573049 (England and Wales)



ACCOUNTANTS: M Goddard & Co
Chartered Accountants
69 Tupwood Lane
Caterham
Surrey
CR3 6DD



SOLICITORS: Dollman & Pritchard
8 The Square
Caterham
Surrey
CR3 6XS

Shield Service Group Ltd (Registered number: 03573049)

Abridged Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,040 80,376
Tangible assets 5 114,962 119,492
Investments 6 306 306
166,308 200,174

CURRENT ASSETS
Stocks 16,546 15,878
Debtors 1,002,633 1,050,206
Cash at bank and in hand 357,048 358,364
1,376,227 1,424,448
CREDITORS
Amounts falling due within one year 587,610 643,605
NET CURRENT ASSETS 788,617 780,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

954,925

981,017

CREDITORS
Amounts falling due after more than one
year

(18,915

)

(18,626

)

PROVISIONS FOR LIABILITIES (11,935 ) (13,487 )
NET ASSETS 924,075 948,904

CAPITAL AND RESERVES
Called up share capital 771,002 771,002
Retained earnings 153,073 177,902
SHAREHOLDERS' FUNDS 924,075 948,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Shield Service Group Ltd (Registered number: 03573049)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





M J Rose - Director


Shield Service Group Ltd (Registered number: 03573049)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Shield Service Group Ltd is a private company , 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 represents amounts receivable for the provision of cleaning services after deduction of trade discounts and value added tax. Turnover is recognised on a time incurred basis.

Intangible assets
Intangible assets consist entirely of goodwill arising on acquisition of subsidiary companies and customer lists. Goodwill arising on the acquisition of subsidiaries and other assets is the difference between the fair value of the consideration paid and the fair value of the fixed assets and liabilities acquired. Goodwill is being written off evenly over its estimated useful life of twelve years.

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 etc - 50% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 15% on cost

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

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.

Shield Service Group Ltd (Registered number: 03573049)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued

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.

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.

Consolidated accounts
The company is exempt from preparing consolidated financial statements on the grounds that, taken with its subsidiaries, it qualifies as a small group under S398 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 468 (2022 - 496 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 2,907,981
AMORTISATION
At 1 June 2022 2,827,605
Amortisation for year 29,336
At 31 May 2023 2,856,941
NET BOOK VALUE

At 31 May 2023 51,040
At 31 May 2022 80,376

Shield Service Group Ltd (Registered number: 03573049)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 557,556
Additions 79,779
Disposals (57,812 )
At 31 May 2023 579,523
DEPRECIATION
At 1 June 2022 438,064
Charge for year 39,043
Eliminated on disposal (12,546 )
At 31 May 2023 464,561
NET BOOK VALUE
At 31 May 2023 114,962
At 31 May 2022 119,492

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
Additions 60,350
At 31 May 2023 60,350
DEPRECIATION
Charge for year 6,286
At 31 May 2023 6,286
NET BOOK VALUE
At 31 May 2023 54,064

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 June 2022
and 31 May 2023 306
NET BOOK VALUE
At 31 May 2023 306
At 31 May 2022 306

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £5,155 (2022-£20,618) were paid to the directors.