Registered number
04435683
R H Shackell Limited
Filleted Accounts
30 April 2023
R H Shackell Limited
Company Information
Directors
R H Shackell
Mrs G E G Shackell
Accountants
Anderson Griffin
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
Registered office
Tawnys Lodge
The Reddings
Cheltenham
Glos
Registered number
04435683
R H Shackell Limited
Registered number: 04435683
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 25,000 25,000
Tangible assets 4 7,005 8,910
32,005 33,910
Current assets
Stocks 5,905 7,185
Debtors 5 24,907 25,641
Cash at bank and in hand 65,322 72,309
96,134 105,135
Creditors: amounts falling due within one year 6 (68,343) (62,401)
Net current assets 27,791 42,734
Total assets less current liabilities 59,796 76,644
Creditors: amounts falling due after more than one year 7 - (3,166)
Net assets 59,796 73,478
Capital and reserves
Called up share capital 2 2
Profit and loss account 59,794 73,476
Shareholders' funds 59,796 73,478
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R H Shackell
Director
Approved by the board on 31 July 2023
R H Shackell Limited
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold property over four years
Plant and equipment over four years
Motor vehicles over four years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2022 25,000
At 30 April 2023 25,000
Amortisation
At 30 April 2023 -
Net book value
At 30 April 2023 25,000
At 30 April 2022 25,000
4 Tangible fixed assets
Leasehold property Plant and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 May 2022 26,764 55,274 57,928 139,966
Additions - - 6,750 6,750
At 30 April 2023 26,764 55,274 64,678 146,716
Depreciation
At 1 May 2022 23,734 52,269 55,053 131,056
Charge for the year 3,030 1,060 4,565 8,655
At 30 April 2023 26,764 53,329 59,618 139,711
Net book value
At 30 April 2023 - 1,945 5,060 7,005
At 30 April 2022 3,030 3,005 2,875 8,910
5 Debtors 2023 2022
£ £
Trade debtors 11,534 5,641
Other debtors 13,373 20,000
24,907 25,641
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 44,037 34,124
Taxation and social security costs 21,806 25,777
Other creditors 2,500 2,500
68,343 62,401
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts - 3,166
8 Controlling party
The company is controlled by the directors.
9 Other information
R H Shackell Limited is a private company limited by shares and incorporated in England. Its registered office is:
Tawnys Lodge
The Reddings
Cheltenham
Glos
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