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REGISTERED NUMBER: 11365328 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2023

FOR

SHUTTERCRAFT NORFOLK LTD

SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHUTTERCRAFT NORFOLK LTD

COMPANY INFORMATION
for the year ended 31 May 2023







DIRECTORS: S J Hubbard
A R Woodall





REGISTERED OFFICE: 14 Willow Close
Mattishall
Dereham
United Kingdom
NR20 3PQ





REGISTERED NUMBER: 11365328 (England and Wales)





ACCOUNTANTS: d&t
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 5,000
Tangible assets 5 49,184 60,798
49,184 65,798

CURRENT ASSETS
Debtors 6 56,576 53,806
Cash at bank 115,954 88,551
172,530 142,357
CREDITORS
Amounts falling due within one year 7 56,584 33,219
NET CURRENT ASSETS 115,946 109,138
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,130

174,936

CREDITORS
Amounts falling due after more than one
year

8

(24,374

)

(30,272

)

PROVISIONS FOR LIABILITIES (9,345 ) (11,552 )
NET ASSETS 131,411 133,112

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 131,409 133,110
SHAREHOLDERS' FUNDS 131,411 133,112

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

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

The directors acknowledge their 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.

SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)

BALANCE SHEET - continued
31 May 2023


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 Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





S J Hubbard - Director


SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 May 2023

1. STATUTORY INFORMATION

Shuttercraft Norfolk Ltd 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of five years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 20% straight line basis

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

2. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 June 2022
and 31 May 2023 25,000
AMORTISATION
At 1 June 2022 20,000
Charge for year 5,000
At 31 May 2023 25,000
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 5,000

SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 69,108
Additions 4,205
At 31 May 2023 73,313
DEPRECIATION
At 1 June 2022 8,310
Charge for year 15,819
At 31 May 2023 24,129
NET BOOK VALUE
At 31 May 2023 49,184
At 31 May 2022 60,798

The net book value of tangible fixed assets includes £ 25,995 (2022 - £ 34,660 ) in respect of assets held under hire purchase contracts.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,921 48,157
Other debtors 2,655 5,649
56,576 53,806

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 5,898 5,556
Taxation and social security 8,160 5,645
Other creditors 42,526 22,018
56,584 33,219

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 24,374 30,272

SHUTTERCRAFT NORFOLK LTD (REGISTERED NUMBER: 11365328)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 May 2023

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 5,898 5,556
Between one and five years 24,374 30,272
30,272 35,828


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 30,272 35,828

11. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividends payments to it's shareholders.