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REGISTERED NUMBER: 05564352 (England and Wales)










SHA DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






SHA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05564352)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHA DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr A Singh





REGISTERED OFFICE: Unit 1 Harnall Lane Ind. East
Harnall Lane Estate
Coventry
West Midlands
CV1 5AE





REGISTERED NUMBER: 05564352 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

SHA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05564352)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,897 7,862

CURRENT ASSETS
Stocks 4,250 11,450
Debtors 5 178,856 71,956
Cash at bank 80,024 16,710
263,130 100,116
CREDITORS
Amounts falling due within one year 6 254,342 144,963
NET CURRENT ASSETS/(LIABILITIES) 8,788 (44,847 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,685

(36,985

)

CREDITORS
Amounts falling due after more than one
year

7

21,368

29,438
NET LIABILITIES (6,683 ) (66,423 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,783 ) (66,523 )
SHAREHOLDERS' FUNDS (6,683 ) (66,423 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SHA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05564352)

BALANCE SHEET - continued
30 SEPTEMBER 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 29 July 2024 and were signed by:





Mr A Singh - Director


SHA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05564352)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

SHA Developments Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
Work in progress is valued at net realisable value dependent on the level of work performed at the balance sheet date.

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 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SHA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05564352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 48,241 25,850 74,091
DEPRECIATION
At 1 October 2022 43,705 22,524 66,229
Charge for year 1,134 831 1,965
At 30 September 2023 44,839 23,355 68,194
NET BOOK VALUE
At 30 September 2023 3,402 2,495 5,897
At 30 September 2022 4,536 3,326 7,862

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 163,000 54,471
Other debtors 15,856 17,485
178,856 71,956

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 11,328 14,128
Trade creditors 95,752 65,579
Taxation and social security 67,085 40,140
Other creditors 80,177 25,116
254,342 144,963

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 21,368 29,438

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £21,285 (2022: £1,030) owed to the director. The amount is unsecured and interest free with no set terms for repayment.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2022 - £2,000) were paid to the director .

SHA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05564352)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Singh.