Registered number
04705055
Shandrum office Supplies Ltd
Filleted Accounts
31 March 2023
Shandrum office Supplies Ltd
Registered number: 04705055
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 5,795 5,795
Current assets
Stocks 1,600 2,100
Debtors 5 23,325 24,405
Cash at bank and in hand 15,209 19,225
40,134 45,730
Creditors: amounts falling due within one year 6 (20,974) (24,252)
Net current assets 19,160 21,478
Total assets less current liabilities 24,955 27,273
Creditors: amounts falling due after more than one year 7 (9,500) (12,212)
Net assets 15,455 15,061
Capital and reserves
Called up share capital 100 100
Profit and loss account 15,355 14,961
Shareholders' funds 15,455 15,061
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr R Finlayson
Director
Approved by the board on 13 February 2024
Shandrum office Supplies Ltd
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 40,000
At 31 March 2023 40,000
Amortisation
At 1 April 2022 40,000
At 31 March 2023 40,000
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 24,139 18,020 42,159
At 31 March 2023 24,139 18,020 42,159
Depreciation
At 1 April 2022 22,551 13,813 36,364
At 31 March 2023 22,551 13,813 36,364
Net book value
At 31 March 2023 1,588 4,207 5,795
At 31 March 2022 1,588 4,207 5,795
5 Debtors 2023 2022
£ £
Trade debtors 23,325 24,405
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,442 8,909
Trade creditors 16,124 6,194
Taxation and social security costs (524) 3,528
Other creditors (4,068) 5,621
20,974 24,252
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 9,500 12,212
8 Related party transactions
The director owed the comapny £3644 (£5620 owed from the company 2022) which was repaid in full in July 23. This is currently shown in other creditors.
9 Other information
Shandrum office Supplies Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Burma Road
Duxofrd
Cambridge
CB22 4WL
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