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REGISTERED NUMBER: 07199690 (England and Wales)






S.H.PATTERNS & CASTINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






S.H.PATTERNS & CASTINGS LIMITED (REGISTERED NUMBER: 07199690)






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


S.H.PATTERNS & CASTINGS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: S P Harris
Mrs L A Harris





REGISTERED OFFICE: 100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 07199690 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

S.H.PATTERNS & CASTINGS LIMITED (REGISTERED NUMBER: 07199690)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,133 2,827

CURRENT ASSETS
Debtors 5 44,586 53,578
Cash at bank 34,792 28,065
79,378 81,643
CREDITORS
Amounts falling due within one year 6 56,608 58,456
NET CURRENT ASSETS 22,770 23,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,903

26,014

PROVISIONS FOR LIABILITIES 405 537
NET ASSETS 24,498 25,477

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 24,496 25,475
SHAREHOLDERS' FUNDS 24,498 25,477

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 Income Statement 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:



S P Harris - Director


S.H.PATTERNS & CASTINGS LIMITED (REGISTERED NUMBER: 07199690)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

S.H.Patterns & Castings 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 net of VAT and trade discounts.

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

S.H.PATTERNS & CASTINGS LIMITED (REGISTERED NUMBER: 07199690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Debtors
Debtors with no stated interest rate receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Creditors
Creditors with no stated interest rate payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 301 17,666 3,147 21,114
DEPRECIATION
At 1 April 2023 168 14,972 3,147 18,287
Charge for year 20 674 - 694
At 31 March 2024 188 15,646 3,147 18,981
NET BOOK VALUE
At 31 March 2024 113 2,020 - 2,133
At 31 March 2023 133 2,694 - 2,827

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 44,402 53,205
Prepayments 184 373
44,586 53,578

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 34,977 44,762
Corporation tax payable 5,538 4,087
Social security & other taxes 340 338
VAT 3,221 1,513
Directors' current accounts 9,887 5,161
Accrued expenses 2,645 2,595
56,608 58,456

S.H.PATTERNS & CASTINGS LIMITED (REGISTERED NUMBER: 07199690)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
2 Ordinary £1 2 2

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
S P Harris and Mrs L A Harris
Balance outstanding at start of year (5,161 ) (868 )
Amounts advanced 21,002 21,381
Amounts repaid (25,728 ) (25,674 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,887 ) (5,161 )

No interest is charged on loans from directors. Amounts are repayable on demand.