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COMPANY REGISTRATION NUMBER: 00733110
Shepherd Bros. (Knutsford) Limited
Filleted Unaudited Abridged Financial Statements
31 August 2023
Shepherd Bros. (Knutsford) Limited
Abridged Statement of Financial Position
31 August 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
20,000
27,500
Current assets
Debtors
165
Cash at bank and in hand
106,213
86,638
---------
--------
106,213
86,803
Creditors: amounts falling due within one year
92,253
83,594
---------
--------
Net current assets
13,960
3,209
--------
--------
Total assets less current liabilities
33,960
30,709
--------
--------
Net assets
33,960
30,709
--------
--------
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss account
32,960
29,709
--------
--------
Shareholders funds
33,960
30,709
--------
--------
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Shepherd Bros. (Knutsford) Limited
Abridged Statement of Financial Position (continued)
31 August 2023
These abridged financial statements were approved by the board of directors and authorised for issue on 21 February 2024 , and are signed on behalf of the board by:
Mr I M Shepherd
Director
Company registration number: 00733110
Shepherd Bros. (Knutsford) Limited
Notes to the Abridged Financial Statements
Year ended 31 August 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Woodside, Knutsford, Cheshire, WA16 8BX, England.
2. Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover respresents the rent received and receivable from the tenants of the company's freehold property. Turnover is recognised on a strict time basis when the rent payments fall due.
Taxation
The taxation expense represents the current tax that is recognised on taxable profit for the current and past periods and is measured at the amounts of tax expected to be payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
£
Cost
At 1 September 2022
28,120
Disposals
( 8,120)
--------
At 31 August 2023
20,000
--------
Depreciation
At 1 September 2022
620
Charge for the year
250
Disposals
( 870)
--------
At 31 August 2023
--------
Carrying amount
At 31 August 2023
20,000
--------
At 31 August 2022
27,500
--------