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Registration number: 06586837

C.R. and J.L. Shapland Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 1 June 2022 to 31 January 2023

 

C.R. and J.L. Shapland Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

C.R. and J.L. Shapland Limited

(Registration number: 06586837)
Abridged Balance Sheet as at 31 January 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

-

153,417

Current assets

 

Stocks

-

14,342

Debtors

-

14,174

Cash at bank and in hand

 

9,926

35,923

 

9,926

64,439

Creditors: Amounts falling due within one year

(172,712)

(249,883)

Net current liabilities

 

(162,786)

(185,444)

Total assets less current liabilities

 

(162,786)

(32,027)

Provisions for liabilities

-

(23,851)

Net liabilities

 

(162,786)

(55,878)

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

(163,786)

(56,878)

Total equity

 

(162,786)

(55,878)

For the financial period ending 31 January 2023 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 of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 16 October 2023 and signed on its behalf by:
 


 

J L Shapland

Director


 

C R Shapland

Director

 

C.R. and J.L. Shapland Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 31 January 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Dyers Farm
Milverton
Taunton
Somerset
TA4 1RG

These financial statements were authorised for issue by the Board on 16 October 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's liabilities at 31 January 2023, £163,367 is owed to the directors of the company. They have agreed to continue to support the company as and when required, and not to demand repayment of this loan for at least 12 months after the date of approval of these accounts, to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

C.R. and J.L. Shapland Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 June 2022 to 31 January 2023


Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Tenants improvements

2% straight line

Fixtures and fittings

15% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3 (2022 - 3).

4

Tangible assets

Total
£

Cost or valuation

At 1 June 2022

260,164

Disposals

(260,164)

At 31 January 2023

-

Depreciation

At 1 June 2022

106,747

Eliminated on disposal

(106,747)

At 31 January 2023

-

Carrying amount

At 31 January 2023

-

At 31 May 2022

153,417

Included within the net book value of land and buildings above is £Nil (2022 - £27,910) in respect of freehold land and buildings.