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REGISTERED NUMBER: 08936813 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

SHENG LIMITED

SHENG LIMITED (REGISTERED NUMBER: 08936813)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHENG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: S P Hodgkins
W S Hodgkins





REGISTERED OFFICE: 10 Nicholas Street
Chester
Cheshire
CH1 2NX





REGISTERED NUMBER: 08936813 (England and Wales)





ACCOUNTANTS: M. D. Coxey and Co. Limited
10 Nicholas Street
Chester
CH1 2NX

SHENG LIMITED (REGISTERED NUMBER: 08936813)

BALANCE SHEET
31ST MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,375 118,825

CURRENT ASSETS
Debtors 5 66,315 37,157
Cash at bank and in hand 139,512 118,780
205,827 155,937
CREDITORS
Amounts falling due within one year 6 64,803 57,241
NET CURRENT ASSETS 141,024 98,696
TOTAL ASSETS LESS CURRENT
LIABILITIES

215,399

217,521

CREDITORS
Amounts falling due after more than one
year

7

50,580

55,855

PROVISIONS FOR LIABILITIES 8 - 5,270

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 164,719 156,296
SHAREHOLDERS' FUNDS 164,819 156,396
215,399 217,521

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

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

SHENG LIMITED (REGISTERED NUMBER: 08936813)

BALANCE SHEET - continued
31ST MARCH 2024


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 1st July 2024 and were signed on its behalf by:





S P Hodgkins - Director


SHENG LIMITED (REGISTERED NUMBER: 08936813)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Sheng 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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 33% on cost
Computer equipment - 33% on cost

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SHENG LIMITED (REGISTERED NUMBER: 08936813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 3,334 2,271 131,225 4,558 141,388
Additions - - - 738 738
At 31st March 2024 3,334 2,271 131,225 5,296 142,126
DEPRECIATION
At 1st April 2023 2,793 631 14,581 4,558 22,563
Charge for year 541 757 43,741 149 45,188
At 31st March 2024 3,334 1,388 58,322 4,707 67,751
NET BOOK VALUE
At 31st March 2024 - 883 72,903 589 74,375
At 31st March 2023 541 1,640 116,644 - 118,825

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023
and 31st March 2024 96,900
DEPRECIATION
At 1st April 2023 10,767
Charge for year 11,441
At 31st March 2024 22,208
NET BOOK VALUE
At 31st March 2024 74,692
At 31st March 2023 86,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 61,840 37,157
Deferred tax asset 2,811 -
Prepayments 1,664 -
66,315 37,157

SHENG LIMITED (REGISTERED NUMBER: 08936813)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 9,287 9,287
Trade creditors 144 -
Tax 52,320 35,228
Social security and other taxes 1,042 -
Directors' current accounts 9 10,828
Accruals and deferred income 2,001 1,898
64,803 57,241

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 50,580 55,855

8. PROVISIONS FOR LIABILITIES
31.3.23
£   
Deferred tax
Accelerated capital allowances 5,270

Deferred
tax
£   
Balance at 1st April 2023 5,270
Movements in the year due to:-
changes to tax allowances (7,407 )
changes to tax rates (674 )
Balance at 31st March 2024 (2,811 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Odinary 1 100 100

10. CAPITAL COMMITMENTS
31.3.24 31.3.23
£    £   
Contracted but not provided for in the
financial statements - -