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Company Registration No. 12272457 (England and Wales)
Shegmax Resources Limited Unaudited accounts for the year ended 31 October 2023
Shegmax Resources Limited Unaudited accounts Contents
Page
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Shegmax Resources Limited Company Information for the year ended 31 October 2023
Director
Mr Olu Adebayo
Company Number
12272457 (England and Wales)
Registered Office
7 MARTIN STREET MARTIN STREET THAMESMEAD LONDON SE28 0BZ ENGLAND
Accountants
Olusegun Aiyeola (M.Sc, AFA MIPA) Earlybirds Consulting Ltd 36 Spenlows Road Milton Keynes MK3 6JU
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Shegmax Resources Limited Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,240 
660 
Current assets
Debtors
- 
14,246 
Cash at bank and in hand
100 
984 
100 
15,230 
Creditors: amounts falling due within one year
(9,025)
(7,310)
Net current (liabilities)/assets
(8,925)
7,920 
Total assets less current liabilities
6,315 
8,580 
Creditors: amounts falling due after more than one year
(5,749)
(8,191)
Net assets
566 
389 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
466 
289 
Shareholders' funds
566 
389 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2023 and were signed on its behalf by
Mr Olu Adebayo Director Company Registration No. 12272457
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Shegmax Resources Limited Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Shegmax Resources Limited is a private company, limited by shares, registered in England and Wales, registration number 12272457. The registered office is 7 MARTIN STREET, MARTIN STREET, THAMESMEAD, LONDON, SE28 0BZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
880
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
- 
1,100 
1,100 
Additions
18,500 
- 
18,500 
At 31 October 2023
18,500 
1,100 
19,600 
Depreciation
At 1 November 2022
- 
440 
440 
Charge for the year
3,700 
220 
3,920 
At 31 October 2023
3,700 
660 
4,360 
Net book value
At 31 October 2023
14,800 
440 
15,240 
At 31 October 2022
- 
660 
660 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
- 
14,246 
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Shegmax Resources Limited Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
6,742 
6,660 
Loans from directors
1,583 
- 
Accruals
700 
650 
9,025 
7,310 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
5,749 
8,191 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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