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REGISTERED NUMBER: 08286889 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Sheppard & Co Limited

Sheppard & Co Limited (Registered number: 08286889)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sheppard & Co Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J M Sheppard FCA





REGISTERED OFFICE: West Barn c/o Down Farm
Hindon
SALISBURY
Wiltshire
SP3 5TA





REGISTERED NUMBER: 08286889 (England and Wales)





ACCOUNTANTS: Sheppard & Co Limited
Chartered Accountants
West Barn, c/o Down Farm
Hindon
Salisbury
Wiltshire
SP3 5TA

Sheppard & Co Limited (Registered number: 08286889)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 9,256 11,025

CURRENT ASSETS
Debtors 5 6,291 10,848
Cash at bank 87,837 71,769
94,128 82,617
CREDITORS
Amounts falling due within one year 6 (42,046 ) (39,007 )
NET CURRENT ASSETS 52,082 43,610
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,338

54,635

PROVISIONS FOR LIABILITIES 7 (757 ) (767 )
NET ASSETS 60,581 53,868

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,481 53,768
SHAREHOLDERS' FUNDS 60,581 53,868

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





J M Sheppard FCA - Director


Sheppard & Co Limited (Registered number: 08286889)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Sheppard & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements relate to Sheppard & Co Limited as an individual entity.

Significant judgements and estimates
The preparation of the financial statements requires the use by management of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

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 balance sheet date.

Deferred tax
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.

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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Sheppard & Co Limited (Registered number: 08286889)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Buildings Equipment fittings Equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 16,252 8,243 1,080 9,004 34,579
Additions - 649 - 4,359 5,008
At 28 February 2023 16,252 8,892 1,080 13,363 39,587
DEPRECIATION
At 1 March 2022 9,751 8,242 888 4,673 23,554
Charge for year 1,626 649 48 4,454 6,777
At 28 February 2023 11,377 8,891 936 9,127 30,331
NET BOOK VALUE
At 28 February 2023 4,875 1 144 4,236 9,256
At 28 February 2022 6,501 1 192 4,331 11,025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 4,792 9,036
Prepayments 1,499 1,812
6,291 10,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 3,927 4,916
Tax 23,045 21,405
Social security and other taxes 550 657
VAT 12,252 10,736
Directors' current accounts 2,272 1,003
Other creditors - 233
Accrued expenses - 57
42,046 39,007

7. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax 757 767

Sheppard & Co Limited (Registered number: 08286889)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 767
Provided during year (10 )
Balance at 28 February 2023 757

8. ULTIMATE CONTROLLING PARTY

The controlling party is J M Sheppard FCA.