IRIS Accounts Production v24.1.9.2 07317674 director 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073176742022-07-31073176742023-07-31073176742022-08-012023-07-31073176742021-07-31073176742021-08-012022-07-31073176742022-07-3107317674ns15:EnglandWales2022-08-012023-07-3107317674ns14:PoundSterling2022-08-012023-07-3107317674ns10:Director12022-08-012023-07-3107317674ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3107317674ns10:SmallEntities2022-08-012023-07-3107317674ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3107317674ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3107317674ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3107317674ns10:FullAccounts2022-08-012023-07-3107317674ns10:RegisteredOffice2022-08-012023-07-3107317674ns5:CurrentFinancialInstruments2023-07-3107317674ns5:CurrentFinancialInstruments2022-07-3107317674ns5:Non-currentFinancialInstruments2023-07-3107317674ns5:Non-currentFinancialInstruments2022-07-3107317674ns5:ShareCapital2023-07-3107317674ns5:ShareCapital2022-07-3107317674ns5:RetainedEarningsAccumulatedLosses2023-07-3107317674ns5:RetainedEarningsAccumulatedLosses2022-07-3107317674ns5:PlantMachinery2022-08-012023-07-3107317674ns5:PlantMachinery2022-07-3107317674ns5:PlantMachinery2023-07-3107317674ns5:PlantMachinery2022-07-3107317674ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107317674ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 07317674 (England and Wales)










Shield Building Services (UK) Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Shield Building Services (UK) Limited (Registered number: 07317674)






Contents of the Financial Statements
for the year ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shield Building Services (UK) Limited

Company Information
for the year ended 31 July 2023







DIRECTOR: R Dilworth





REGISTERED OFFICE: Unit 5 , Solent Industrial Park
Shamble Hurst Lane
Southampton
Hampshire
SO30 2FX





REGISTERED NUMBER: 07317674 (England and Wales)





ACCOUNTANTS: Walkers Accountants Limited
Aireside House
Aireside Business Centre
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

Shield Building Services (UK) Limited (Registered number: 07317674)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 966 1,300

CURRENT ASSETS
Debtors 5 335,384 350,441
Cash at bank and in hand 25,290 11,955
360,674 362,396
CREDITORS
Amounts falling due within one year 6 (236,675 ) (263,748 )
NET CURRENT ASSETS 123,999 98,648
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,965

99,948

CREDITORS
Amounts falling due after more than one
year

7

(24,806

)

(34,628

)

PROVISIONS FOR LIABILITIES (184 ) -
NET ASSETS 99,975 65,320

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,875 65,220
SHAREHOLDERS' FUNDS 99,975 65,320

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

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

Shield Building Services (UK) Limited (Registered number: 07317674)

Balance Sheet - continued
31 July 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 31 July 2024 and were signed by:





R Dilworth - Director


Shield Building Services (UK) Limited (Registered number: 07317674)

Notes to the Financial Statements
for the year ended 31 July 2023

1. STATUTORY INFORMATION

Shield Building Services (UK) 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.

Revenue recognition
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 etc - 33% on cost and 25% on reducing balance

All tangible fixed assets are at cost less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Assets held under finance lease are depreciated in the same manner as owned assets.

Renewals, repairs and maintenance are charged to profit and loss during the period in which they are incurred.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using a mixture of methods. The depreciation bases are as detailed above.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are credited or charged to the income statement.

Impairment of fixed assets
At each balance sheet date, the Company reviews the carrying amounts of its property, plant and equipment to determine whether there is any indication that any items of property, plant and equipment have suffered an impairment loss. If any such indications exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

If the recoverable amount of an asset is estimated to be less that its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reserves, the carrying amount of the asset is increased to the revised estimate of its recoverable amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in the prior years. A reversal of an impairment loss is recognised as income immediately.


Shield Building Services (UK) Limited (Registered number: 07317674)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 13,462
DEPRECIATION
At 1 August 2022 12,162
Charge for year 334
At 31 July 2023 12,496
NET BOOK VALUE
At 31 July 2023 966
At 31 July 2022 1,300

Shield Building Services (UK) Limited (Registered number: 07317674)

Notes to the Financial Statements - continued
for the year ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 288,615 324,851
Amounts recoverable on contract 28,876 25,590
Other debtors 17,893 -
335,384 350,441

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 9,822 9,368
Trade creditors 105,490 55,003
Taxation and social security 51,213 84,160
Other creditors 70,150 115,217
236,675 263,748

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 24,806 34,628