Company Registration No. 12272457 (England and Wales)
Shegmax Resources Limited
Unaudited accounts
for the year ended 31 October 2023
Shegmax Resources Limited
Unaudited accounts
Contents
Shegmax Resources Limited
Company Information
for the year ended 31 October 2023
Company Number
12272457 (England and Wales)
Registered Office
7 MARTIN STREET
MARTIN STREET
THAMESMEAD
LONDON
SE28 0BZ
ENGLAND
Accountants
Olusegun Aiyeola (M.Sc, AFA MIPA)
Earlybirds Consulting Ltd
36 Spenlows Road
Milton Keynes
MK3 6JU
Shegmax Resources Limited
Statement of financial position
as at 31 October 2023
Tangible assets
15,240
660
Cash at bank and in hand
100
984
Creditors: amounts falling due within one year
(9,025)
(7,310)
Net current (liabilities)/assets
(8,925)
7,920
Total assets less current liabilities
6,315
8,580
Creditors: amounts falling due after more than one year
(5,749)
(8,191)
Called up share capital
100
100
Profit and loss account
466
289
Shareholders' funds
566
389
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2023 and were signed on its behalf by
Mr Olu Adebayo
Director
Company Registration No. 12272457
Shegmax Resources Limited
Notes to the Accounts
for the year ended 31 October 2023
Shegmax Resources Limited is a private company, limited by shares, registered in England and Wales, registration number 12272457. The registered office is 7 MARTIN STREET, MARTIN STREET, THAMESMEAD, LONDON, SE28 0BZ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2022
-
1,100
1,100
At 31 October 2023
18,500
1,100
19,600
At 1 November 2022
-
440
440
Charge for the year
3,700
220
3,920
At 31 October 2023
3,700
660
4,360
At 31 October 2023
14,800
440
15,240
At 31 October 2022
-
660
660
Amounts falling due after more than one year
Shegmax Resources Limited
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
6,742
6,660
Loans from directors
1,583
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).