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REGISTERED NUMBER: 08277535 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SHARD SURFACING LIMITED

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)






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


SHARD SURFACING LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr P Jenkinson
Mr A Jenkinson
Mrs T S Jenkinson





REGISTERED OFFICE: 17 St Peters Place
Fleetwood
Lancashire
FY7 6EB





REGISTERED NUMBER: 08277535 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,033,506 998,844

CURRENT ASSETS
Stocks 5 547,972 578,729
Debtors 6 407,566 442,859
Cash at bank and in hand 830 197,612
956,368 1,219,200
CREDITORS
Amounts falling due within one year 7 (897,189 ) (913,168 )
NET CURRENT ASSETS 59,179 306,032
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,092,685

1,304,876

CREDITORS
Amounts falling due after more than one
year

8

(541,667

)

(276,236

)

PROVISIONS FOR LIABILITIES 10 (113,282 ) (182,917 )
NET ASSETS 437,736 845,723

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 437,706 845,693
SHAREHOLDERS' FUNDS 437,736 845,723

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.

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

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:





Mr P Jenkinson - Director


SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Shard Surfacing 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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.

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The directors are satisfied at the time of approving the financial statements that the company has adequate resources to continue to operate for the foreseeable future and as such, continues to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 50,000 900,722 1,056
Additions - 203,449 -
Disposals - (87,833 ) -
At 31 December 2023 50,000 1,016,338 1,056
DEPRECIATION
At 1 January 2023 13,875 285,095 492
Charge for year 5,419 114,656 85
Eliminated on disposal - (33,078 ) -
At 31 December 2023 19,294 366,673 577
NET BOOK VALUE
At 31 December 2023 30,706 649,665 479
At 31 December 2022 36,125 615,627 564

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 584,388 807 1,536,973
Additions 279,214 683 483,346
Disposals (260,667 ) - (348,500 )
At 31 December 2023 602,935 1,490 1,671,819
DEPRECIATION
At 1 January 2023 238,401 266 538,129
Charge for year 117,255 492 237,907
Eliminated on disposal (104,645 ) - (137,723 )
At 31 December 2023 251,011 758 638,313
NET BOOK VALUE
At 31 December 2023 351,924 732 1,033,506
At 31 December 2022 345,987 541 998,844

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 389,535 415,207 804,742
Additions 134,150 279,215 413,365
Disposals - (184,917 ) (184,917 )
Transfer to ownership (132,135 ) (44,800 ) (176,935 )
At 31 December 2023 391,550 464,705 856,255
DEPRECIATION
At 1 January 2023 78,809 176,958 255,767
Charge for year 52,081 94,985 147,066
Eliminated on disposal - (72,592 ) (72,592 )
Transfer to ownership (34,462 ) (19,600 ) (54,062 )
At 31 December 2023 96,428 179,751 276,179
NET BOOK VALUE
At 31 December 2023 295,122 284,954 580,076
At 31 December 2022 310,726 238,249 548,975

5. STOCKS
2023 2022
£    £   
Stocks 103,076 173,068
Work-in-progress 444,896 405,661
547,972 578,729

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 361,519 314,769
Other debtors 42,735 95,537
Tax - 25,625
Prepayments 3,312 6,928
407,566 442,859

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 49,928 -
Hire purchase contracts 181,385 185,041
Trade creditors 566,895 601,378
Social security and other taxes 33,722 32,724
VAT 14,404 56,221
Other creditors 32,233 26,674
Directors' current accounts 11,287 1,267
Accrued expenses 7,335 9,863
897,189 913,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 370,464 276,236
Other creditors 171,203 -
541,667 276,236

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 551,849 461,277
Other loan 202,510 -
754,359 461,277

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 113,282 182,917

SHARD SURFACING LIMITED (REGISTERED NUMBER: 08277535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 182,917
Provided during year (69,635 )
Balance at 31 December 2023 113,282

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr P Jenkinson and Mrs T S Jenkinson
Balance outstanding at start of year - 32,630
Amounts advanced 39,423 57,624
Amounts repaid (39,423 ) (90,254 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The loan to the director was unsecured and repayable on demand. Interest is payable at the HMRC rate applicable to beneficial loan arrangements.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2022 - £140,000) were paid to the directors .