IRIS Accounts Production v23.3.1.45 04005000 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040050002022-05-31040050002023-05-31040050002022-06-012023-05-31040050002021-05-31040050002021-06-012022-05-31040050002022-05-3104005000ns10:Originalns15:EnglandWales2022-06-012023-05-3104005000ns14:PoundSterlingns10:Original2022-06-012023-05-3104005000ns10:Originalns10:Director12022-06-012023-05-3104005000ns10:Original2022-06-012023-05-3104005000ns10:Original2023-05-3104005000ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104005000ns10:Originalns10:SmallEntities2022-06-012023-05-3104005000ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104005000ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104005000ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104005000ns10:Originalns10:FullAccounts2022-06-012023-05-3104005000ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3104005000ns10:Originalns10:Director22022-06-012023-05-3104005000ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104005000ns10:Original2022-05-3104005000ns10:Originalns5:CurrentFinancialInstruments2023-05-3104005000ns10:Originalns5:CurrentFinancialInstruments2022-05-3104005000ns10:Originalns5:Non-currentFinancialInstruments2023-05-3104005000ns10:Originalns5:Non-currentFinancialInstruments2022-05-3104005000ns5:ShareCapitalns10:Original2023-05-3104005000ns5:ShareCapitalns10:Original2022-05-3104005000ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104005000ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104005000ns10:Originalns5:PlantMachinery2022-06-012023-05-3104005000ns10:Originalns5:FurnitureFittings2022-06-012023-05-3104005000ns10:Originalns5:ComputerEquipment2022-06-012023-05-3104005000ns10:Original2021-06-012022-05-3104005000ns10:Originalns5:PlantMachinery2022-05-3104005000ns10:Originalns5:FurnitureFittings2022-05-3104005000ns10:Originalns5:ComputerEquipment2022-05-3104005000ns10:Original2022-05-3104005000ns10:Originalns5:PlantMachinery2023-05-3104005000ns10:Originalns5:FurnitureFittings2023-05-3104005000ns10:Originalns5:ComputerEquipment2023-05-3104005000ns10:Originalns5:PlantMachinery2022-05-3104005000ns10:Originalns5:FurnitureFittings2022-05-3104005000ns10:Originalns5:ComputerEquipment2022-05-3104005000ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3104005000ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3104005000ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3104005000ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3104005000ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3104005000ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-3104005000ns10:Originalns10:OrdinaryShareClass12023-05-3104005000ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104005000ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-012023-05-31
REGISTERED NUMBER: 04005000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2023

FOR

SHERWOOD TECHNICAL SERVICES LIMITED

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHERWOOD TECHNICAL SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2023







DIRECTOR: T J Brett





REGISTERED OFFICE: Ossington Chambers
6/8 Castlegate
Newark
Notts
NG24 1AX





REGISTERED NUMBER: 04005000 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

BALANCE SHEET
31st May 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 578 683

CURRENT ASSETS
Debtors 5 14,460 10,274
Cash at bank 4,572 340
19,032 10,614
CREDITORS
Amounts falling due within one year 6 26,068 17,506
NET CURRENT LIABILITIES (7,036 ) (6,892 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,458

)

(6,209

)

CREDITORS
Amounts falling due after more than one
year

7

5,200

7,600
NET LIABILITIES (11,658 ) (13,809 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 (11,660 ) (13,811 )
SHAREHOLDERS' FUNDS (11,658 ) (13,809 )

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

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

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

BALANCE SHEET - continued
31st 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 director and authorised for issue on 21st February 2024 and were signed by:





T J Brett - Director


SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2023

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st June 2022
and 31st May 2023 6,373 2,044 4,810 13,227
DEPRECIATION
At 1st June 2022 5,805 1,947 4,792 12,544
Charge for year 85 14 6 105
At 31st May 2023 5,890 1,961 4,798 12,649
NET BOOK VALUE
At 31st May 2023 483 83 12 578
At 31st May 2022 568 97 18 683

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 14,460 4,857
Amounts recoverable on contract - 5,417
14,460 10,274

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Bank loans and overdrafts 2,400 2,400
Trade creditors 2,031 346
Social security and other taxes 2,432 133
Directors' current accounts 17,660 13,182
Accrued expenses 1,545 1,445
26,068 17,506

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/5/23 31/5/22
£    £   
Bank loans - 1-2 years 2,400 2,400
Bank loans - 2-5 years 2,800 5,200
5,200 7,600

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Retained
earnings
£   

At 1st June 2022 (13,811 )
Profit for the year 2,151
At 31st May 2023 (11,660 )

10. CONTINGENT LIABILITIES

The company had no contingent liabilities at 31st May 2023 (2022 - none).

11. CAPITAL COMMITMENTS
31/5/23 31/5/22
£    £   
Contracted but not provided for in the
financial statements - -

12. RELATED PARTY DISCLOSURES

During the year the company carried out work for the director, Mr TJ Brett, with a sales value of £37,467. The work was charged at market value.

13. ULTIMATE CONTROLLING PARTY

Mr T J Brett owns 100% of the issued share capital of the company.