Registered number
06901059
Shackleton Stott Limited
Report and Accounts
31 March 2023
Shackleton Stott Limited
Registered number: 06901059
Balance Sheet
as at 31 March 2023
31st March 31st March
Notes 2023 2022
Fixed assets £ £
Tangible assets 3 2,554 2,809
Current assets
Debtors 4 6,081 7,993
Cash at bank and in hand 29,134 22,876
35,215 30,869
Creditors: amounts falling due within one year 5 (36,759) (15,780)
Net current (liabilities)/assets (1,544) 15,089
Total assets less current liabilities 1,010 17,898
Net assets 1,010 17,898
Capital and reserves
Called up share capital 100 100
Profit and loss account 910 17,798
Shareholder's funds 1,010 17,898
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs G Rowley-Goodall
Director
Approved by the board on 23 November 2023
Shackleton Stott Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added tax, of services provided to clients. Turnover from the rendering of services is recognised by reference to the stage of completion of the project. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated project costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 20% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax liabilities are not discounted.
31st March 31st March
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2022 6,148
Additions 1,121
At 31 March 2023 7,269
Depreciation
At 1 April 2022 3,339
Charge for the year 1,376
At 31 March 2023 4,715
Net book value
At 31 March 2023 2,554
At 31 March 2022 2,809
31st March 31st March
4 Debtors 2023 2022
£ £
Trade debtors 5,720 7,632
Prepaid expenses 361 361
6,081 7,993
5 Creditors: amounts falling due within one year
Other taxation and social security costs 6,198 5,854
Director's loan account 30,561 9,926
36,759 15,780
6 Related party transactions
Mrs G Rowley-Goodall
Director
Monies loaned to the company at the year end 30,561 9,926
Total monies owed to the director 30,561 9,926
7 Other information
Shackleton Stott Limited is a private company limited by shares and incorporated in England and Wales. The registered office is:
Downs Court
29 The Downs
Cheshire
WA14 2QD
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