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REGISTERED NUMBER: 10553285 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

SHOVEL & SPADE LIMITED

SHOVEL & SPADE LIMITED (REGISTERED NUMBER: 10553285)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHOVEL & SPADE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: M Wells





REGISTERED OFFICE: 6 Buffers Lane
Kingston Square
Leatherhead
KT22 7XP





REGISTERED NUMBER: 10553285 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

SHOVEL & SPADE LIMITED (REGISTERED NUMBER: 10553285)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,988 87,786

CURRENT ASSETS
Debtors 5 112,873 69,105
Cash at bank 93,122 59,962
205,995 129,067
CREDITORS
Amounts falling due within one year 6 144,884 106,421
NET CURRENT ASSETS 61,111 22,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,099

110,432

CREDITORS
Amounts falling due after more than one
year

7

(19,102

)

(41,767

)

PROVISIONS FOR LIABILITIES 9 (13,186 ) -
NET ASSETS 95,811 68,665

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 95,810 68,664
SHAREHOLDERS' FUNDS 95,811 68,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 October 2023 and were signed by:




M Wells - Director


SHOVEL & SPADE LIMITED (REGISTERED NUMBER: 10553285)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Shovel & Spade Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sales of landscaping services and materials, excluding Value Added Tax.

Turnover is recognised in the period in which the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on cost and 20% on cost

Taxation and deferred taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 1 ) .

SHOVEL & SPADE LIMITED (REGISTERED NUMBER: 10553285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 113,873
Additions 8,044
At 31 January 2023 121,917
DEPRECIATION
At 1 February 2022 26,087
Charge for year 28,842
At 31 January 2023 54,929
NET BOOK VALUE
At 31 January 2023 66,988
At 31 January 2022 87,786

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022
and 31 January 2023 46,050
DEPRECIATION
At 1 February 2022 4,718
Charge for year 11,512
At 31 January 2023 16,230
NET BOOK VALUE
At 31 January 2023 29,820
At 31 January 2022 41,332

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 9,325 12,200
Other debtors 103,548 56,905
112,873 69,105

SHOVEL & SPADE LIMITED (REGISTERED NUMBER: 10553285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts (see note 8) 17,749 17,946
Trade creditors 12,563 11,119
Taxation and social security 24,193 8,341
Other creditors 84,379 63,015
144,884 106,421

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans 16,513 22,513
Hire purchase contracts (see note 8) 2,589 19,254
19,102 41,767

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.1.23 31.1.22
£    £   
Net obligations repayable:
Within one year 17,749 17,946
Between one and five years 2,589 19,254
20,338 37,200

Non-cancellable operating leases
31.1.23 31.1.22
£    £   
Within one year 4,132 -
Between one and five years 4,477 -
8,609 -

9. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 13,186 -

Deferred
tax
£   
Provided during year 13,186
Balance at 31 January 2023 13,186

SHOVEL & SPADE LIMITED (REGISTERED NUMBER: 10553285)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
1 Ordinary 1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23 31.1.22
£    £   
Director
Balance outstanding at start of year (42,340 ) (26,424 )
Amounts advanced 57,140 34,703
Amounts repaid (52,679 ) (50,619 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (37,879 ) (42,340 )