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REGISTERED NUMBER: 14095179 (England and Wales)















Unaudited Financial Statements

for the Period 9 May 2022 to 31 May 2023

for

Sherlock Projects Ltd

Sherlock Projects Ltd (Registered number: 14095179)






Contents of the Financial Statements
for the Period 9 May 2022 to 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sherlock Projects Ltd

Company Information
for the Period 9 May 2022 to 31 May 2023







DIRECTOR: Mr R M Sherlock





REGISTERED OFFICE: Appletree Cottage
Chilcomb
Winchester
Hampshire
SO21 1HT





REGISTERED NUMBER: 14095179 (England and Wales)





ACCOUNTANTS: Don Roper Accountant Limited
Linden Lea
Allington Lane
West End
Southampton
Hampshire
SO30 3HQ

Sherlock Projects Ltd (Registered number: 14095179)

Balance Sheet
31 May 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 5,444

CURRENT ASSETS
Stocks 5 45,033
Debtors 6 1,514
Cash at bank 17,367
63,914
CREDITORS
Amounts falling due within one year 7 18,949
NET CURRENT ASSETS 44,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,409

CAPITAL AND RESERVES
Called up share capital 8 12
Retained earnings 9 50,397
SHAREHOLDERS' FUNDS 50,409

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

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

Sherlock Projects Ltd (Registered number: 14095179)

Balance Sheet - continued
31 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 8 February 2024 and were signed by:





Mr R M Sherlock - Director


Sherlock Projects Ltd (Registered number: 14095179)

Notes to the Financial Statements
for the Period 9 May 2022 to 31 May 2023

1. STATUTORY INFORMATION

Sherlock Projects Ltd 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 - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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 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.

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 1 .

Sherlock Projects Ltd (Registered number: 14095179)

Notes to the Financial Statements - continued
for the Period 9 May 2022 to 31 May 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 6,619
At 31 May 2023 6,619
DEPRECIATION
Charge for period 1,175
At 31 May 2023 1,175
NET BOOK VALUE
At 31 May 2023 5,444

5. STOCKS
£   
Work-in-progress 45,033

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
VAT 1,514

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Corporation tax 15,668
Directors' current accounts 1,921
Accrued expenses 1,360
18,949

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
12 Ordinary A £1 12

Sherlock Projects Ltd (Registered number: 14095179)

Notes to the Financial Statements - continued
for the Period 9 May 2022 to 31 May 2023

9. RESERVES
Retained
earnings
£   

Profit for the period 67,397
Dividends (17,000 )
At 31 May 2023 50,397

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 May 2023:

£   
Mr R M Sherlock
Balance outstanding at start of period -
Amounts advanced 5,559
Amounts repaid (7,480 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period (1,921 )

11. RELATED PARTY DISCLOSURES

The company was under the control of Mr R Sherlock throughout the current period. Mr R Sherlock is the managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under section 1a (Small entities) for Financial Reporting Standard 102.