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Company Registration No. 05334503 (England and Wales)
Shepley Limited Unaudited accounts for the year ended 31 March 2024
Shepley Limited Unaudited accounts Contents
Page
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Shepley Limited Company Information for the year ended 31 March 2024
Directors
Brenda Shepley Derrick Shepley Jessica Shepley Robert Shepley
Secretary
Robert Shepley
Company Number
05334503 (England and Wales)
Registered Office
125 Coopers Gate Banbury Oxfordshire OX16 2WD England
Accountants
Link Accounting Limited Bloxham Mill Business Centre Barford Road Bloxham Oxfordshire OX15 4FF
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Shepley Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
25,240 
16,378 
Current assets
Inventories
4,000 
4,000 
Debtors
10,808 
13,300 
Cash at bank and in hand
89,685 
73,987 
104,493 
91,287 
Creditors: amounts falling due within one year
(57,231)
(49,017)
Net current assets
47,262 
42,270 
Total assets less current liabilities
72,502 
58,648 
Provisions for liabilities
Deferred tax
(5,845)
(4,093)
Net assets
66,657 
54,555 
Capital and reserves
Called up share capital
99 
99 
Profit and loss account
66,558 
54,456 
Shareholders' funds
66,657 
54,555 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by
Robert Shepley Director Company Registration No. 05334503
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Shepley Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Shepley Limited is a private company, limited by shares, registered in England and Wales, registration number 05334503. The registered office is 125 Coopers Gate, Banbury, Oxfordshire, OX16 2WD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on net book value
Motor vehicles
25% on net book value
Fixtures & fittings
25% on net book value
Computer equipment
33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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Shepley Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
10,493 
33,717 
2,635 
14,039 
60,884 
Additions
829 
13,850 
- 
- 
14,679 
At 31 March 2024
11,322 
47,567 
2,635 
14,039 
75,563 
Depreciation
At 1 April 2023
9,047 
21,021 
2,445 
11,993 
44,506 
Charge for the year
413 
4,148 
48 
1,208 
5,817 
At 31 March 2024
9,460 
25,169 
2,493 
13,201 
50,323 
Net book value
At 31 March 2024
1,862 
22,398 
142 
838 
25,240 
At 31 March 2023
1,446 
12,696 
190 
2,046 
16,378 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,181 
11,662 
Accrued income and prepayments
1,627 
1,638 
10,808 
13,300 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
342 
415 
VAT
12,735 
11,124 
Trade creditors
18,423 
12,797 
Taxes and social security
23,310 
20,987 
Loans from directors
2,421 
1,824 
Accruals
- 
1,870 
57,231 
49,017 
7
Average number of employees
During the year the average number of employees was 4 (2023: 5).
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