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REGISTERED NUMBER: 02001591 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sheehans Limited

Sheehans Limited (Registered number: 02001591)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sheehans Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T L McGovern
C J Sheehan





REGISTERED OFFICE: 30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE





REGISTERED NUMBER: 02001591 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Sheehans Limited (Registered number: 02001591)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,544,672 1,632,716
Investments 5 580,000 580,000
3,124,672 2,212,716

CURRENT ASSETS
Debtors 6 922,663 951,667
Cash at bank 212,184 179,905
1,134,847 1,131,572
CREDITORS
Amounts falling due within one year 7 (564,665 ) (310,739 )
NET CURRENT ASSETS 570,182 820,833
TOTAL ASSETS LESS CURRENT LIABILITIES 3,694,854 3,033,549

CREDITORS
Amounts falling due after more than one year 8 (1,570,000 ) (920,000 )
NET ASSETS 2,124,854 2,113,549

CAPITAL AND RESERVES
Called up share capital 110 110
Share premium 25,990 25,990
Capital redemption reserve 100 100
Retained earnings 2,098,654 2,087,349
2,124,854 2,113,549

Sheehans Limited (Registered number: 02001591)

Balance Sheet - continued
31 December 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





T L McGovern - Director


Sheehans Limited (Registered number: 02001591)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sheehans 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.

Land and buildings - Nil
Improvements to property - 15% reducing balance
Plant and machinery etc - 15% reducing balance
Motor vehicles - 15% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Sheehans Limited (Registered number: 02001591)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,502,102 388,822 1,890,924
Additions 931,549 - 931,549
At 31 December 2023 2,433,651 388,822 2,822,473
DEPRECIATION
At 1 January 2023 - 258,208 258,208
Charge for year - 19,593 19,593
At 31 December 2023 - 277,801 277,801
NET BOOK VALUE
At 31 December 2023 2,433,651 111,021 2,544,672
At 31 December 2022 1,502,102 130,614 1,632,716

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 580,000
NET BOOK VALUE
At 31 December 2023 580,000
At 31 December 2022 580,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 572,405 571,228
Other debtors 350,258 380,439
922,663 951,667

Sheehans Limited (Registered number: 02001591)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 220,839 219,939
Taxation and social security 19,405 3,432
Other creditors 324,421 87,368
564,665 310,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/12/23 31/12/22
£    £   
Bank loans 1,570,000 920,000