IRIS Accounts Production v23.3.0.418 05388281 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure053882812022-03-31053882812023-03-31053882812022-04-012023-03-31053882812021-03-31053882812021-04-012022-03-31053882812022-03-3105388281ns16:EnglandWales2022-04-012023-03-3105388281ns15:PoundSterling2022-04-012023-03-3105388281ns11:Director12022-04-012023-03-3105388281ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3105388281ns11:SmallEntities2022-04-012023-03-3105388281ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3105388281ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3105388281ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3105388281ns11:FullAccounts2022-04-012023-03-3105388281ns11:RegisteredOffice2022-04-012023-03-3105388281ns6:CurrentFinancialInstruments2023-03-3105388281ns6:CurrentFinancialInstruments2022-03-3105388281ns6:ShareCapital2023-03-3105388281ns6:ShareCapital2022-03-3105388281ns6:RetainedEarningsAccumulatedLosses2023-03-3105388281ns6:RetainedEarningsAccumulatedLosses2022-03-3105388281ns6:PlantMachinery2022-04-012023-03-3105388281ns6:PlantMachinery2022-03-3105388281ns6:PlantMachinery2023-03-3105388281ns6:PlantMachinery2022-03-3105388281ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3105388281ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31
REGISTERED NUMBER: 05388281 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

MARGARET SHEEHY LIMITED

MARGARET SHEEHY LIMITED (REGISTERED NUMBER: 05388281)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MARGARET SHEEHY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: Dr M Sheehy





REGISTERED OFFICE: 1-3 Robertson Street
Hastings
East Sussex
TN34 1HN





REGISTERED NUMBER: 05388281 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

MARGARET SHEEHY LIMITED (REGISTERED NUMBER: 05388281)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 744 930

CURRENT ASSETS
Debtors 5 2,882 -
Cash at bank - 9,736
2,882 9,736
CREDITORS
Amounts falling due within one year 6 44,457 50,905
NET CURRENT LIABILITIES (41,575 ) (41,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,831

)

(40,239

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (40,833 ) (40,241 )
SHAREHOLDERS' FUNDS (40,831 ) (40,239 )

MARGARET SHEEHY LIMITED (REGISTERED NUMBER: 05388281)

BALANCE SHEET - continued
31 MARCH 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 15 August 2023 and were signed by:





Dr M Sheehy - Director


MARGARET SHEEHY LIMITED (REGISTERED NUMBER: 05388281)

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


1. STATUTORY INFORMATION

Margaret Sheehy 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 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.
Plant and machinery - 20% on reducing balance

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2022
and 31 March 2023 8,934
Depreciation
At 1 April 2022 8,004
Charge for year 186
At 31 March 2023 8,190
Net book value
At 31 March 2023 744
At 31 March 2022 930

MARGARET SHEEHY LIMITED (REGISTERED NUMBER: 05388281)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2 -
Prepayments and accrued income 2,880 -
2,882 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,919 -
Amounts owed to associates 24,546 17,627
Other creditors 2,092 1,927
Directors' current accounts - 2,287
Accruals and deferred income 5,900 29,064
44,457 50,905

7. ULTIMATE CONTROLLING PARTY

The director has ultimate control of the company.