IRIS Accounts Production v23.3.1.45 00713382 Board of Directors 23.4.22 22.4.23 22.4.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007133822022-04-22007133822023-04-22007133822022-04-232023-04-22007133822021-04-23007133822021-04-242022-04-22007133822022-04-2200713382ns14:PoundSterlingns10:Original2022-04-232023-04-2200713382ns10:Originalns10:Director12022-04-232023-04-2200713382ns10:Original2022-04-232023-04-2200713382ns10:Original2023-04-2200713382ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-232023-04-2200713382ns10:Originalns10:SmallEntities2022-04-232023-04-2200713382ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-232023-04-2200713382ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-232023-04-2200713382ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-232023-04-2200713382ns10:Originalns10:AbridgedAccounts2022-04-232023-04-2200713382ns10:Originalns10:Director22022-04-232023-04-2200713382ns10:CompanySecretary1ns10:Original2022-04-232023-04-2200713382ns10:Originalns10:RegisteredOffice2022-04-232023-04-2200713382ns10:Original2022-04-2200713382ns10:Originalns5:CurrentFinancialInstruments2023-04-2200713382ns10:Originalns5:CurrentFinancialInstruments2022-04-2200713382ns10:Originalns5:Non-currentFinancialInstruments2023-04-2200713382ns10:Originalns5:Non-currentFinancialInstruments2022-04-2200713382ns5:ShareCapitalns10:Original2023-04-2200713382ns5:ShareCapitalns10:Original2022-04-2200713382ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-2200713382ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-2200713382ns10:Originalns5:PlantMachinery2022-04-232023-04-2200713382ns10:Originalns5:FurnitureFittings2022-04-232023-04-2200713382ns10:Originalns5:MotorVehicles2022-04-232023-04-2200713382ns10:Original2021-04-242022-04-2200713382ns10:Original2022-04-22
REGISTERED NUMBER: 00713382












SHERWOOD VALE DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 22 APRIL 2023






SHERWOOD VALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00713382)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 APRIL 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHERWOOD VALE DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 22 APRIL 2023







DIRECTORS: Mrs J B Cox
J D Cox





SECRETARY: Mrs J B Cox





REGISTERED OFFICE: 1 Eastgate
Louth
Lincolnshire
LN11 9NB





REGISTERED NUMBER: 00713382





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
United Kingdom
Lincolnshire
LN11 9NB

SHERWOOD VALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00713382)

ABRIDGED BALANCE SHEET
22 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 2,541 3,331

CURRENT ASSETS
Stocks 26,850 38,500
Debtors 3,879 28,378
Cash at bank 1,445 9,626
32,174 76,504
CREDITORS
Amounts falling due within one year 64,031 107,723
NET CURRENT LIABILITIES (31,857 ) (31,219 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,316

)

(27,888

)

CREDITORS
Amounts falling due after more than one year 24,528 28,000
NET LIABILITIES (53,844 ) (55,888 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (53,944 ) (55,988 )
SHAREHOLDERS' FUNDS (53,844 ) (55,888 )

SHERWOOD VALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00713382)

ABRIDGED BALANCE SHEET - continued
22 APRIL 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 22 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 22 April 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.

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 22 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 January 2024 and were signed on its behalf by:





J D Cox - Director


SHERWOOD VALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00713382)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 22 APRIL 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.

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 cost and 10% on reducing balance
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance

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

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 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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

SHERWOOD VALE DEVELOPMENTS LIMITED (REGISTERED NUMBER: 00713382)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 22 APRIL 2023


3. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 23 April 2022
and 22 April 2023 32,452
DEPRECIATION
At 23 April 2022 29,121
Charge for year 790
At 22 April 2023 29,911
NET BOOK VALUE
At 22 April 2023 2,541
At 22 April 2022 3,331

4. GOING CONCERN

With the continued support of the Company's directors and close family members, the Director, Mr J D Cox believes that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the director continues to adopt the going concern basis in preparing the financial statements.