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REGISTERED NUMBER: 09248243
























Shaun Aris Homes Ltd

Financial Statements for the Year Ended 31st October 2023






Shaun Aris Homes Ltd (Registered number: 09248243)

Contents of the Financial Statements
for the Year Ended 31st October 2023










Page

Company information 1

Abridged balance sheet 2

Notes to the financial statements 4


Shaun Aris Homes Ltd

Company Information
for the Year Ended 31st October 2023







Directors: S Aris
Mrs S Aris





Registered office: The Coach House
Littleworth
Duncote
Northampton
NN12 8AL





Registered number: 09248243





Accountants: A.J. Lewis
Chartered Accountant
Lewis & Son Accountants Limited
37 Stoke Road
Blisworth
Northampton
NN7 3BZ

Shaun Aris Homes Ltd (Registered number: 09248243)

Abridged Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 3 337,877 326,679

Current assets
Stocks 152,304 73,438
Debtors 4,809 22,656
Prepayments and accrued income 2,824 8,213
Cash at bank 368,944 415,610
528,881 519,917
Creditors
Amounts falling due within one year 326,006 247,520
Net current assets 202,875 272,397
Total assets less current liabilities 540,752 599,076

Creditors
Amounts falling due after more than one
year

(70,941

)

(73,926

)

Provisions for liabilities (37,903 ) (26,559 )
Net assets 431,908 498,591

Capital and reserves
Called up share capital 2 2
Retained earnings 431,906 498,589
431,908 498,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 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.

Shaun Aris Homes Ltd (Registered number: 09248243)

Abridged Balance Sheet - continued
31st October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance sheet for the year ended 31st October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th January 2024 and were signed on its behalf by:





S Aris - Director


Shaun Aris Homes Ltd (Registered number: 09248243)

Notes to the Financial Statements
for the Year Ended 31st October 2023


1. 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.

Revenue recognition
The company recognises revenue to the extent that it obtains the right to consideration in exchange for its performance under contract. The right to consideration arises when some, but not necessarily all, of the contractual obligations have been fulfilled.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land is not depreciated

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Shaun Aris Homes Ltd (Registered number: 09248243)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023


1. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between the contributions payable and the contributions actually paid in the year are shown as either accruals or prepayments at the year end.

Leasing and hire purchase contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors, net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligations outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis.

2. Employees and directors

The average number of employees during the year was 5 (2022 - 5 ) .

3. Tangible fixed assets
Totals
£   
Cost
At 1st November 2022 486,739
Additions 76,000
Disposals (55,002 )
At 31st October 2023 507,737
Depreciation
At 1st November 2022 160,060
Charge for year 42,107
Eliminated on disposal (32,307 )
At 31st October 2023 169,860
Net book value
At 31st October 2023 337,877
At 31st October 2022 326,679