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REGISTERED NUMBER: 07591819 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

L Sheppard Group Ltd

L Sheppard Group Ltd (Registered number: 07591819)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


L Sheppard Group Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: L M Sheppard





SECRETARY: Mrs E L Sheppard





REGISTERED OFFICE: Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ





REGISTERED NUMBER: 07591819 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

L Sheppard Group Ltd (Registered number: 07591819)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,657 3,865

CURRENT ASSETS
Debtors 6 236,413 211,919
Cash at bank 39,406 31,747
275,819 243,666
CREDITORS
Amounts falling due within one year 7 204,904 146,851
NET CURRENT ASSETS 70,915 96,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,572

100,680

CREDITORS
Amounts falling due after more than one
year

8

83,840

103,727
NET LIABILITIES (10,268 ) (3,047 )

CAPITAL AND RESERVES
Allotted, called up and fully
paid share capital 2 2
Retained earnings (10,270 ) (3,049 )
SHAREHOLDERS' FUNDS (10,268 ) (3,047 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

L Sheppard Group Ltd (Registered number: 07591819)

Statement of Financial Position - continued
30 April 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:





L M Sheppard - Director


L Sheppard Group Ltd (Registered number: 07591819)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

L Sheppard Group Ltd 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.

The financial statements have been prepared on the going concern basis as the director has considered the future of the company for a period in excess of one year and is confident that the company will continue to trade profitably for the foreseeable future.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Motor vehicles - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

L Sheppard Group Ltd (Registered number: 07591819)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 6,492 2,700 9,192
DEPRECIATION
At 1 May 2022 4,877 450 5,327
Charge for year 533 675 1,208
At 30 April 2023 5,410 1,125 6,535
NET BOOK VALUE
At 30 April 2023 1,082 1,575 2,657
At 30 April 2022 1,615 2,250 3,865

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 161,164 181,989
Other debtors 57,001 9,001
Directors' current accounts 18,248 20,929
236,413 211,919

During the year to April 2023 the company loaned £48,000 to other companies, all of which will be repaid in the year to April 2024.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 19,305 18,722
Trade creditors 158,913 112,368
Tax - 2,344
Social security and other taxes 1,515 1,427
VAT 5,179 10,324
Other creditors 18,462 -
Accrued expenses 1,530 1,666
204,904 146,851

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans - 1-2 years 19,305 18,722
Bank loans - 2-5 years 53,322 56,167
Bank loans more 5 yr by instal 11,213 28,838
83,840 103,727

L Sheppard Group Ltd (Registered number: 07591819)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.4.23 30.4.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,213 28,838

9. OTHER FINANCIAL COMMITMENTS

There is a charge over the company, held by Santander UK PLC.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

30.4.23 30.4.22
£    £   
L M Sheppard
Balance outstanding at start of year 20,929 25,911
Amounts advanced 30,027 27,240
Amounts repaid (32,708 ) (32,222 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,248 20,929