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REGISTERED NUMBER: 02100645 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SHELFSPAN LIMITED

SHELFSPAN LIMITED (REGISTERED NUMBER: 02100645)






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


SHELFSPAN LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: G A Morris
Mrs C T Morris
D Morris
S Shepherd





SECRETARY: Mrs C T Morris





REGISTERED OFFICE: Cart Lodge Office
Mayland Hall Farm
Mayland Hill
Chelmsford
Essex
CM3 6EA





REGISTERED NUMBER: 02100645 (England and Wales)





ACCOUNTANTS: Wilshers
900, Cornwallis House
Howard Chase
Basildon
Essex
SS14 3BB

SHELFSPAN LIMITED (REGISTERED NUMBER: 02100645)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 27,000 45,000
Tangible assets 5 24,138 21,344
51,138 66,344

CURRENT ASSETS
Stocks 222,539 233,386
Debtors 6 227,998 304,222
Cash at bank and in hand 412,433 157,196
862,970 694,804
CREDITORS
Amounts falling due within one year 7 422,839 406,193
NET CURRENT ASSETS 440,131 288,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

491,269

354,955

CREDITORS
Amounts falling due after more than one year 8 - (48,789 )

PROVISIONS FOR LIABILITIES (5,861 ) (3,894 )
NET ASSETS 485,408 302,272

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 485,088 301,952
SHAREHOLDERS' FUNDS 485,408 302,272

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.

SHELFSPAN LIMITED (REGISTERED NUMBER: 02100645)

BALANCE SHEET - continued
31 December 2023


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 12 September 2024 and were signed on its behalf by:





D Morris - Director


SHELFSPAN LIMITED (REGISTERED NUMBER: 02100645)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023

1. STATUTORY INFORMATION

Shelfspan 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.

Intangible assets goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years. 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.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

SHELFSPAN LIMITED (REGISTERED NUMBER: 02100645)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a workplace 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 14 (2022 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 360,000
AMORTISATION
At 1 January 2023 315,000
Amortisation for year 18,000
At 31 December 2023 333,000
NET BOOK VALUE
At 31 December 2023 27,000
At 31 December 2022 45,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 46,988 21,820 68,808
Additions 7,195 - 7,195
At 31 December 2023 54,183 21,820 76,003
DEPRECIATION
At 1 January 2023 28,290 19,174 47,464
Charge for year 3,740 661 4,401
At 31 December 2023 32,030 19,835 51,865
NET BOOK VALUE
At 31 December 2023 22,153 1,985 24,138
At 31 December 2022 18,698 2,646 21,344

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 203,622 275,260
Prepayments 24,376 28,962
227,998 304,222

SHELFSPAN LIMITED (REGISTERED NUMBER: 02100645)

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
£    £   
Bank loans and overdrafts - 20,000
Hire purchase contracts 456 2,734
Taxation 110,219 8,904
Directors loan 6,889 7,329
Trade creditors and accruals 305,275 367,226
422,839 406,193

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years - 20,000
Bank loans - 2-5 years - 28,333
Hire purchase contracts - 456
- 48,789

9. RELATED PARTY DISCLOSURES

During the year net dividends were paid in respect of the holdings of ''A'' Ordinary shares in the company amounting to £103,200. The dividend paid in respect of the ''B'' Ordinary shares was £46,000.

10. ULTIMATE CONTROLLING PARTY

The company has a diversified shareholding and therefore no ultimate controlling party can be identified.