SHV LANARKSHIRE LTD

Company Registration Number:
SC696481 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2023

Period of accounts

Start date: 1 May 2022

End date: 30 April 2023

SHV LANARKSHIRE LTD

Contents of the Financial Statements

for the Period Ended 30 April 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SHV LANARKSHIRE LTD

Directors' report period ended 30 April 2023

The directors present their report with the financial statements of the company for the period ended 30 April 2023

Directors

The directors shown below have held office during the whole of the period from
1 May 2022 to 30 April 2023

Ashley Steele
Stephen Harkin


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 January 2024

And signed on behalf of the board by:
Name: Ashley Steele
Status: Director

SHV LANARKSHIRE LTD

Profit And Loss Account

for the Period Ended 30 April 2023

2023 2022


£

£
Turnover: 36,395 38,444
Cost of sales: ( 7,125 ) ( 5,346 )
Gross profit(or loss): 29,270 33,098
Administrative expenses: ( 32,748 ) ( 25,021 )
Operating profit(or loss): (3,478) 8,077
Profit(or loss) before tax: (3,478) 8,077
Tax: ( 1,534 )
Profit(or loss) for the financial year: (3,478) 6,543

SHV LANARKSHIRE LTD

Balance sheet

As at 30 April 2023

Notes 2023 2022


£

£
Called up share capital not paid: 2 2
Fixed assets
Tangible assets: 3 5,657 5,062
Investments: 4 2 2
Total fixed assets: 5,659 5,064
Current assets
Stocks: 5 421 622
Debtors: 6 157 300
Cash at bank and in hand: 1,023 957
Total current assets: 1,601 1,879
Creditors: amounts falling due within one year: 7 ( 200 )
Net current assets (liabilities): 1,601 1,679
Total assets less current liabilities: 7,262 6,745
Provision for liabilities: ( 10,738 ) ( 200 )
Total net assets (liabilities): (3,476) 6,545
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (3,478 ) 6,543
Total Shareholders' funds: ( 3,476 ) 6,545

The notes form part of these financial statements

SHV LANARKSHIRE LTD

Balance sheet statements

For the year ending 30 April 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 24 January 2024
and signed on behalf of the board by:

Name: Ashley Steele
Status: Director

The notes form part of these financial statements

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Consideration is given to the point at which the company is entitled to receive the income, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be net before revenue is recognised.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated over its useful lifes taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing assets lives, factors such as technological innovation, product life cycles and maintance programmes are taken into account.

    Other accounting policies

    The company has elected to apply the provision of section 11 Basic Financial Instruments and section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amount present in the financial statements, when there is a legal enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2022 1,900 450 2,712 5,062
Additions 4,000 4,000
Disposals ( 2,500 ) ( 2,500 )
Revaluations
Transfers
At 30 April 2023 1,900 450 4,212 6,562
Depreciation
At 1 May 2022 0 0 0 0
Charge for year 200 100 605 905
On disposals
Other adjustments
At 30 April 2023 200 100 605 905
Net book value
At 30 April 2023 1,700 350 3,607 5,657
At 30 April 2022 1,900 450 2,712 5,062

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

4. Fixed assets investments note

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

5. Stocks

2023 2022
£ £
Stocks 421 622
Total 421 622

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

6. Debtors

2023 2022
£ £
Trade debtors 157 300
Total 157 300

SHV LANARKSHIRE LTD

Notes to the Financial Statements

for the Period Ended 30 April 2023

7. Creditors: amounts falling due within one year note

  2022
  £
Trade creditors 200
Total   200