IRIS Accounts Production v24.2.0.383 08890290 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088902902023-03-31088902902024-03-31088902902023-04-012024-03-31088902902022-03-31088902902022-04-012023-03-31088902902023-03-3108890290ns15:EnglandWales2023-04-012024-03-3108890290ns14:PoundSterling2023-04-012024-03-3108890290ns10:Director12023-04-012024-03-3108890290ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108890290ns10:SmallEntities2023-04-012024-03-3108890290ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108890290ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108890290ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108890290ns10:FullAccounts2023-04-012024-03-3108890290ns10:Director22023-04-012024-03-3108890290ns10:RegisteredOffice2023-04-012024-03-3108890290ns5:CurrentFinancialInstruments2024-03-3108890290ns5:CurrentFinancialInstruments2023-03-3108890290ns5:Non-currentFinancialInstruments2024-03-3108890290ns5:Non-currentFinancialInstruments2023-03-3108890290ns5:ShareCapital2024-03-3108890290ns5:ShareCapital2023-03-3108890290ns5:RetainedEarningsAccumulatedLosses2024-03-3108890290ns5:RetainedEarningsAccumulatedLosses2023-03-3108890290ns5:PlantMachinery2023-03-3108890290ns5:PlantMachinery2023-04-012024-03-3108890290ns5:PlantMachinery2024-03-3108890290ns5:PlantMachinery2023-03-3108890290ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3108890290ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 08890290 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Shaftsberries Limited

Shaftsberries Limited (Registered number: 08890290)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


Shaftsberries Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr B Seton
Ms S Griffiths





REGISTERED OFFICE: Unit 318, Blucher Road
London
SE5 0LH





REGISTERED NUMBER: 08890290 (England and Wales)

Shaftsberries Limited (Registered number: 08890290)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 92,264 51,873

CURRENT ASSETS
Stocks 12,639 10,000
Debtors 5 91,171 105,651
Cash at bank and in hand 154,216 133,952
258,026 249,603
CREDITORS
Amounts falling due within one year 6 (132,710 ) (169,445 )
NET CURRENT ASSETS 125,316 80,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,580

132,031

CREDITORS
Amounts falling due after more than one
year

7

(71,404

)

(39,657

)
NET ASSETS 146,176 92,374

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 146,175 92,373
146,176 92,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr B Seton - Director


Shaftsberries Limited (Registered number: 08890290)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Shaftsberries 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.

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 each asset over its estimated useful life.

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 Statement of Income and Retained Earnings, 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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Shaftsberries Limited (Registered number: 08890290)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 73,454
Additions 51,626
At 31 March 2024 125,080
DEPRECIATION
At 1 April 2023 21,581
Charge for year 11,235
At 31 March 2024 32,816
NET BOOK VALUE
At 31 March 2024 92,264
At 31 March 2023 51,873

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,037 105,651
Other debtors 5,134 -
91,171 105,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,363 -
Trade creditors 38,236 55,923
Taxation and social security 1,492 25,517
Other creditors 73,619 78,005
132,710 169,445

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 34,722 39,657
Hire purchase contracts 36,682 -
71,404 39,657