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Company Registration No. 06700850 (England and Wales)
Shane Sissons Loft Conversions Ltd Unaudited accounts for the year ended 30 September 2023
Shane Sissons Loft Conversions Ltd Unaudited accounts Contents
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Shane Sissons Loft Conversions Ltd Company Information for the year ended 30 September 2023
Director
S. Sissons
Company Number
06700850 (England and Wales)
Registered Office
9 NEW LANE HOLGATE YORK YO24 4NT
Accountants
Small Business Accountancy 18 Stoney Hill Rastrick Brighouse West Yorkshire HD6 3BP
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Shane Sissons Loft Conversions Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,445 
11,047 
Current assets
Inventories
2,564 
9,332 
Debtors
43,011 
30,077 
Cash at bank and in hand
10,907 
199 
56,482 
39,608 
Creditors: amounts falling due within one year
(33,244)
(27,659)
Net current assets
23,238 
11,949 
Total assets less current liabilities
31,683 
22,996 
Creditors: amounts falling due after more than one year
(11,676)
(22,000)
Provisions for liabilities
Deferred tax
(1,638)
- 
Net assets
18,369 
996 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,269 
896 
Shareholders' funds
18,369 
996 
For the year ending 30 September 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 27 February 2024 and were signed on its behalf by
S. Sissons Director Company Registration No. 06700850
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Shane Sissons Loft Conversions Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Shane Sissons Loft Conversions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06700850. The registered office is 9 NEW LANE, HOLGATE, YORK, YO24 4NT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Shane Sissons Loft Conversions Ltd Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
3,376 
18,557 
642 
22,575 
Additions
- 
- 
156 
156 
At 30 September 2023
3,376 
18,557 
798 
22,731 
Depreciation
At 1 October 2022
2,773 
8,119 
636 
11,528 
Charge for the year
91 
2,609 
58 
2,758 
At 30 September 2023
2,864 
10,728 
694 
14,286 
Net book value
At 30 September 2023
512 
7,829 
104 
8,445 
At 30 September 2022
603 
10,438 
6 
11,047 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,239 
- 
Accrued income and prepayments
918 
- 
Other debtors
35,854 
30,077 
43,011 
30,077 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,600 
9,691 
VAT
9,595 
7,234 
Trade creditors
1,819 
2,187 
Taxes and social security
13,730 
6,613 
Accruals
1,500 
1,934 
33,244 
27,659 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
11,676 
22,000 
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Shane Sissons Loft Conversions Ltd Notes to the Accounts for the year ended 30 September 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
1,638 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
1,638 
- 
Provision at end of year
1,638 
- 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
S. Sissons
Loan to Director
27,991 
49,708 
41,845 
35,854 
27,991 
49,708 
41,845 
35,854 
Overdrawn Directors Loan Account as at 30th September 2023. Repaid within 9 months and 1 day following the end of the Accounting Period.
11
Transactions with related parties
During the year, total dividends of £23,390 (2022: £24,116) were paid to the director.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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