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REGISTERED NUMBER: SC667220 (Scotland)















Unaudited Financial Statements

for the Period 1 August 2022 to 5 April 2023

for

Sheerin Formwork Ltd

Sheerin Formwork Ltd (Registered number: SC667220)






Contents of the Financial Statements
for the Period 1 August 2022 to 5 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheerin Formwork Ltd

Company Information
for the Period 1 August 2022 to 5 April 2023







DIRECTOR: K Sheerin





SECRETARY:





REGISTERED OFFICE: 86 Yosemite Park
Dunbar
East Lothian
EH42 1FW





REGISTERED NUMBER: SC667220 (Scotland)





ACCOUNTANTS: G Spratt and Co
Accountants
Abbeylands
20 High Street
Dunbar
East Lothian
EH42 1EH

Sheerin Formwork Ltd (Registered number: SC667220)

Balance Sheet
5 April 2023

5.4.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,953 14,250

CURRENT ASSETS
Debtors 5 30,711 20,415
Cash at bank 229 1,716
30,940 22,131
CREDITORS
Amounts falling due within one year 6 31,845 11,987
NET CURRENT (LIABILITIES)/ASSETS (905 ) 10,144
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,048

24,394

CREDITORS
Amounts falling due after more than one year 7 5,731 8,596
NET ASSETS 3,317 15,798

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 2,317 14,798
SHAREHOLDERS' FUNDS 3,317 15,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 5 April 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.

Sheerin Formwork Ltd (Registered number: SC667220)

Balance Sheet - continued
5 April 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 21 August 2023 and were signed by:





K Sheerin - Director


Sheerin Formwork Ltd (Registered number: SC667220)

Notes to the Financial Statements
for the Period 1 August 2022 to 5 April 2023

1. STATUTORY INFORMATION

Sheerin Formwork Ltd is a private company, limited by shares , registered in Scotland. 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.

Taxation
Taxation for the period 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 period 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Sheerin Formwork Ltd (Registered number: SC667220)

Notes to the Financial Statements - continued
for the Period 1 August 2022 to 5 April 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 5 April 2023 24,372
DEPRECIATION
At 1 August 2022 10,122
Charge for period 4,297
At 5 April 2023 14,419
NET BOOK VALUE
At 5 April 2023 9,953
At 31 July 2022 14,250

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 31.7.22
£    £   
Trade debtors 3,708 5,374
Other debtors 27,003 15,041
30,711 20,415

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.23 31.7.22
£    £   
Hire purchase contracts 4,297 4,297
Trade creditors 2,550 3,000
Taxation and social security 5,587 -
Other creditors 19,411 4,690
31,845 11,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5.4.23 31.7.22
£    £   
Hire purchase contracts 5,731 8,596