S CHEERS AGRI ENGINEERING LTD

Company Registration Number:
09684257 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

S CHEERS AGRI ENGINEERING LTD

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

S CHEERS AGRI ENGINEERING LTD

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 119,003 86,035
Total fixed assets: 119,003 86,035
Current assets
Stocks: 340,000 225,000
Debtors:   41,452 153,363
Cash at bank and in hand: 52,428 91,395
Total current assets: 433,880 469,758
Creditors: amounts falling due within one year:   (79,360) (137,787)
Net current assets (liabilities): 354,520 331,971
Total assets less current liabilities: 473,523 418,006
Creditors: amounts falling due after more than one year:   (246,871) (224,820)
Provision for liabilities: (22,611) (16,347)
Total net assets (liabilities): 204,041 176,839
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 204,039 176,837
Shareholders funds: 204,041 176,839

The notes form part of these financial statements

S CHEERS AGRI ENGINEERING LTD

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 August 2024
and signed on behalf of the board by:

Name: S Cheers
Status: Director

The notes form part of these financial statements

S CHEERS AGRI ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: * Plant and machinery & IT - over 5 years; and * Motor vehicles - over 4 years

Valuation and information policy

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

S CHEERS AGRI ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

S CHEERS AGRI ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 165,829
Additions 74,697
At 30 November 2023 240,526
Depreciation
At 01 December 2022 79,794
Charge for year 41,729
At 30 November 2023 121,523
Net book value
At 30 November 2023 119,003
At 30 November 2022 86,035

S CHEERS AGRI ENGINEERING LTD

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Related party transactions

Name of the related party: S Cheers
Relationship:
Director
Description of the Transaction: The company owed loan account monies to the director.
£
Balance at 01 December 2022 171,808
Balance at 30 November 2023 204,169