Sherwinco 100 Limited Filleted Accounts Cover |
Company No. 08863499 | |||||||||
Sherwinco 100 Limited Directors Report Registrar |
The Director presents his report and the accounts for the year ended 31 March 2023. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the year was as follows: | |||||||||
Craig Sherwin | |||||||||
Signed on behalf of the board | |||||||||
Craig Sherwin | |||||||||
Director | |||||||||
19 October 2023 |
Sherwinco 100 Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2023 | 2022 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Investments | 4 | |||||||||
Current assets | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 6 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 9 | |||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 19 October 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
Craig Sherwin | ||||||||||
Director | ||||||||||
19 October 2023 |
Sherwinco 100 Limited Notes to the Accounts Registrar |
for the year ended 31 March 2023 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 08863499 | ||||||||||||||
Its registered office is: | ||||||||||||||
Going concern | ||||||||||||||
2 | Accounting policies | |||||||||||||
Turnover | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. 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 settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Trade and other creditors | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2023 | 2022 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Investments | |||||||||||||
Other investments | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or valuation | ||||||||||||||
At 1 April 2022 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2023 | ||||||||||||||
At 31 March 2022 | ||||||||||||||
5 | Debtors | |||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Amounts included within Other debtors that fall due after more than one year | ||||||||||||||
6 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
7 | Share Capital | |||||||||||||
Share capital consists of 30 Ordinary Shares of £1 each, which are fully paid. | ||||||||||||||
8 | Related party transactions | |||||||||||||
The company has made loans to the director as follows: | ||||||||||||||
The loans have variable repayment terms but all are unsecured and bear interest at a commercial rate. | ||||||||||||||
The balance of loans outstanding at 31 March 2023 was £174,740 (2022 £174,740). | ||||||||||||||
The company has also made loans to a company controlled by the director. | ||||||||||||||
These loans are repayable over a period ending during the financial year ending 31 March 2023. | ||||||||||||||
The amount due at 31 March 2023 was £7,965 (2022 £7,965). | ||||||||||||||
The loans are unsecured and bear interest at a commercial rate. | ||||||||||||||
9 | Reserves | |||||||||||||