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REGISTERED NUMBER: 06396330 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Shellam Joinery Ltd

Shellam Joinery Ltd (Registered number: 06396330)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shellam Joinery Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: J S Shellam



REGISTERED OFFICE: Gothic Villas
216 Painswick Road
Gloucester
Gloucestershire
GL4 4PH



REGISTERED NUMBER: 06396330 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank PLC
Leicester
LE87 2BB

Shellam Joinery Ltd (Registered number: 06396330)

Statement of Financial Position
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 5,373 7,164
5,373 7,164

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 6 7,515 12,481
Cash at bank 3,182 -
12,697 14,481
CREDITORS
Amounts falling due within one year 7 8,584 14,336
NET CURRENT ASSETS 4,113 145
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,486

7,309

CREDITORS
Amounts falling due after more than one
year

8

(7,000

)

(11,000

)

PROVISIONS FOR LIABILITIES (1,021 ) (370 )
NET ASSETS/(LIABILITIES) 1,465 (4,061 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,463 (4,063 )
SHAREHOLDERS' FUNDS 1,465 (4,061 )

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

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

Shellam Joinery Ltd (Registered number: 06396330)

Statement of Financial Position - continued
31 October 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 2 July 2024 and were signed by:





J S Shellam - Director


Shellam Joinery Ltd (Registered number: 06396330)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Shellam Joinery 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, has been amortised evenly over its estimated useful life of five years.

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
Fixtures and fittings - 25% on reducing balance

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

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

Shellam Joinery Ltd (Registered number: 06396330)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 November 2022
and 31 October 2023 12,500
Amortisation
At 1 November 2022
and 31 October 2023 12,500
Net book value
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
Cost
At 1 November 2022
and 31 October 2023 30,300 65 30,365
Depreciation
At 1 November 2022 23,136 65 23,201
Charge for year 1,791 - 1,791
At 31 October 2023 24,927 65 24,992
Net book value
At 31 October 2023 5,373 - 5,373
At 31 October 2022 7,164 - 7,164

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Trade debtors 4,200 4,608
Other debtors 3,315 7,873
7,515 12,481

Shellam Joinery Ltd (Registered number: 06396330)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts 4,000 4,519
Trade creditors 84 1,196
Taxation and social security (72 ) 1,809
Other creditors 4,572 6,812
8,584 14,336

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/23 31/10/22
£    £   
Bank loans 7,000 11,000

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2023 and 31 October 2022:

31/10/23 31/10/22
£    £   
J S Shellam
Balance outstanding at start of year 3,179 -
Amounts advanced - 3,179
Amounts repaid (3,648 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (469 ) 3,179