Company Registration No. 05334503 (England and Wales)
Shepley Limited
Unaudited accounts
for the year ended 31 March 2024
Shepley Limited
Unaudited accounts
Contents
Shepley Limited
Company Information
for the year ended 31 March 2024
Directors
Brenda Shepley
Derrick Shepley
Jessica Shepley
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
Shepley Limited
Statement of financial position
as at 31 March 2024
Tangible assets
25,240
16,378
Cash at bank and in hand
89,685
73,987
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)
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
Shepley Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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 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 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.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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
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
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
Amounts falling due within one year
Trade debtors
9,181
11,662
Accrued income and prepayments
1,627
1,638
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
342
415
Trade creditors
18,423
12,797
Taxes and social security
23,310
20,987
Loans from directors
2,421
1,824
7
Average number of employees
During the year the average number of employees was 4 (2023: 5).