Company registration number 10115079 (England and Wales)
Sheerin Bespoke Kitchens Ltd
Unaudited
financial statements
for the year ended 30 April 2023
PAGES FOR FILING WITH REGISTRAR
Sheerin Bespoke Kitchens Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Sheerin Bespoke Kitchens Ltd
Statement Of Financial Position
as at 30 April 2023
30 April 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,920
38,728
Current assets
Stocks
76,500
110,000
Debtors
5,111
4,822
Cash at bank and in hand
93,003
146,656
174,614
261,478
Creditors: amounts falling due within one year
(81,337)
(144,330)
Net current assets
93,277
117,148
Total assets less current liabilities
126,197
155,876
Provisions for liabilities
4
(6,255)
(7,358)
Net assets
119,942
148,518
Capital and reserves
Called up share capital
100
2
Profit and loss reserves
119,842
148,516
Total equity
119,942
148,518
Sheerin Bespoke Kitchens Ltd
Statement Of Financial Position (continued)
as at 30 April 2023
30 April 2023
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 3 August 2023 and are signed on its behalf by:
M A Sheerin
Director
Company Registration No. 10115079
Sheerin Bespoke Kitchens Ltd
Notes to the financial statements
for the year ended 30 April 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised on all timing differences between the carrying amount of of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is then settled or the asset realised, based on the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Sheerin Bespoke Kitchens Ltd
Notes to the financial statements (continued)
for the year ended 30 April 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
9
11
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 May 2022 and 30 April 2023
86,906
Depreciation and impairment
At 1 May 2022
48,178
Depreciation charged in the year
5,808
At 30 April 2023
53,986
Carrying amount
At 30 April 2023
32,920
At 30 April 2022
38,728
4
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
6,255
7,358
5
Company information

Sheerin Bespoke Kitchens Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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