IRIS Accounts Production v23.3.1.45 11580066 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115800662022-09-30115800662023-09-30115800662022-10-012023-09-30115800662021-09-30115800662021-10-012022-09-30115800662022-09-3011580066ns10:Originalns15:EnglandWales2022-10-012023-09-3011580066ns14:PoundSterlingns10:Original2022-10-012023-09-3011580066ns10:Originalns10:Director12022-10-012023-09-3011580066ns10:Original2022-10-012023-09-3011580066ns10:Original2023-09-3011580066ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3011580066ns10:Originalns10:SmallEntities2022-10-012023-09-3011580066ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3011580066ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3011580066ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3011580066ns10:Originalns10:FullAccounts2022-10-012023-09-3011580066ns10:CompanySecretary1ns10:Original2022-10-012023-09-3011580066ns10:Originalns10:RegisteredOffice2022-10-012023-09-3011580066ns10:Original2022-09-3011580066ns10:Originalns5:CurrentFinancialInstruments2023-09-3011580066ns10:Originalns5:CurrentFinancialInstruments2022-09-3011580066ns10:Originalns5:Non-currentFinancialInstruments2023-09-3011580066ns10:Originalns5:Non-currentFinancialInstruments2022-09-3011580066ns5:ShareCapitalns10:Original2023-09-3011580066ns5:ShareCapitalns10:Original2022-09-3011580066ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3011580066ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3011580066ns10:Original2021-10-012022-09-3011580066ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3011580066ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3011580066ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-09-3011580066ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-09-30
REGISTERED NUMBER: 11580066 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Shears Inn Limited

Shears Inn Limited (Registered number: 11580066)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shears Inn Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: P M Walmsley





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 11580066 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Shears Inn Limited (Registered number: 11580066)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
CURRENT ASSETS
Stocks 4,500 4,500
Debtors 4 5,312 5,000
Cash at bank and in hand 6,548 5,750
16,360 15,250
CREDITORS
Amounts falling due within one year 5 20,078 6,894
NET CURRENT (LIABILITIES)/ASSETS (3,718 ) 8,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,718

)

8,356

CREDITORS
Amounts falling due after more than one year 6 20,476 25,025
NET LIABILITIES (24,194 ) (16,669 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (24,294 ) (16,769 )
SHAREHOLDERS' FUNDS (24,194 ) (16,669 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 21 February 2024 and were signed by:





P M Walmsley - Director


Shears Inn Limited (Registered number: 11580066)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Shears Inn 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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 20 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other debtors 5,000 5,000
Tax 312 -
5,312 5,000

Shears Inn Limited (Registered number: 11580066)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors - 1,076
Tax - 325
VAT 847 3,474
Directors' loan accounts 19,231 2,019
20,078 6,894

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 2-5 years 20,476 25,025

7. RELATED PARTY DISCLOSURES

The company is controlled by the company director.