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REGISTERED NUMBER: 03395362 (England and Wales)















Strategic Report,

Report of the Directors and

Financial Statements for the Year Ended 30 June 2024

for

Shed K.m. Limited

Shed K.m. Limited (Registered number: 03395362)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Strategic Report 0

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Shed K.m. Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A D Flint
I Killick
Ms H D Rounding
M Sidebotham
F Cantarell





REGISTERED OFFICE: Suites 2 & 3, 2nd Floor
Tempest
12 Tithebarn Street
Liverpool
Merseyside
L2 2DT





REGISTERED NUMBER: 03395362 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Shed K.m. Limited (Registered number: 03395362)

Report of the Directors
for the Year Ended 30 June 2024

The directors present their report with the financial statements of the company for the year ended 30 June 2024.

REVIEW OF BUSINESS
For the year ended 30th June 2024 the company has returned to profit with turnover increasing following the prior years downturn. The operating profit is very good at £539,009 for the year. The company is in a very strong current position. Key talent has been retained and 2025 is expected to be at least as profitable, with a very strong order book..

DIRECTORS
The directors shown below have held office during the whole of the period from 1 July 2023 to the date of this report.

A D Flint
I Killick
Ms H D Rounding
M Sidebotham
F Cantarell

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Ms H D Rounding - Director


5 September 2024

Shed K.m. Limited (Registered number: 03395362)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 51,709 40,669
Tangible assets 5 37,414 57,623
89,123 98,292

CURRENT ASSETS
Debtors 6 1,999,847 1,622,989
Cash at bank and in hand 1,098,329 723,258
3,098,176 2,346,247
CREDITORS
Amounts falling due within one year 7 492,887 383,223
NET CURRENT ASSETS 2,605,289 1,963,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,694,412

2,061,316

CAPITAL AND RESERVES
Called up share capital 1,150 1,150
Share premium 12,150 12,150
Retained earnings 2,681,112 2,048,016
SHAREHOLDERS' FUNDS 2,694,412 2,061,316

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Shed K.m. Limited (Registered number: 03395362)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Ms H D Rounding - Director


Shed K.m. Limited (Registered number: 03395362)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Shed K.m. 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the architectural service fees received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when the services are complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 25% on cost and 25% on reducing balance

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Shed K.m. Limited (Registered number: 03395362)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2023 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023 43,182
Additions 17,065
At 30 June 2024 60,247
AMORTISATION
At 1 July 2023 2,513
Charge for year 6,025
At 30 June 2024 8,538
NET BOOK VALUE
At 30 June 2024 51,709
At 30 June 2023 40,669

Shed K.m. Limited (Registered number: 03395362)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 469,971
Additions 2,386
At 30 June 2024 472,357
DEPRECIATION
At 1 July 2023 412,348
Charge for year 22,595
At 30 June 2024 434,943
NET BOOK VALUE
At 30 June 2024 37,414
At 30 June 2023 57,623

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 885,547 409,803
Amounts owed by participating interests 773,621 773,621
Amounts owed by associates 68,272 68,152
Other debtors 272,407 371,413
1,999,847 1,622,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 120,613 209,217
Taxation and social security 231,009 129,221
Other creditors 141,265 44,785
492,887 383,223

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 132,100 -
Between one and five years 63,281 -
195,381 -

Shed K.m. Limited (Registered number: 03395362)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. RELATED PARTY DISCLOSURES

Included in other debtors is £841,893 (2023: £841,773) due from companies which share directors with Shed K.m. Limited. The loans ae interest free and repayable on demand. Group accounts are not required.