IRIS Accounts Production v24.1.9.2 09438379 director 1.4.23 31.3.24 31.3.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094383792023-03-31094383792024-03-31094383792023-04-012024-03-31094383792022-03-31094383792022-04-012023-03-31094383792023-03-3109438379ns15:EnglandWales2023-04-012024-03-3109438379ns14:PoundSterling2023-04-012024-03-3109438379ns10:Director12023-04-012024-03-3109438379ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109438379ns10:SmallEntities2023-04-012024-03-3109438379ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109438379ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109438379ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109438379ns10:FullAccounts2023-04-012024-03-3109438379ns10:RegisteredOffice2023-04-012024-03-3109438379ns5:CurrentFinancialInstruments2024-03-3109438379ns5:CurrentFinancialInstruments2023-03-3109438379ns5:Non-currentFinancialInstruments2024-03-3109438379ns5:Non-currentFinancialInstruments2023-03-3109438379ns5:ShareCapital2024-03-3109438379ns5:ShareCapital2023-03-3109438379ns5:RetainedEarningsAccumulatedLosses2024-03-3109438379ns5:RetainedEarningsAccumulatedLosses2023-03-3109438379ns5:PlantMachinery2023-04-012024-03-3109438379ns5:PlantMachinery2024-03-3109438379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3109438379ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 09438379 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

Shannon's Groundworks and Civils Limited

Shannon's Groundworks and Civils Limited (Registered number: 09438379)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shannon's Groundworks and Civils Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Wayne Shannon





REGISTERED OFFICE: 4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ





REGISTERED NUMBER: 09438379 (England and Wales)





ACCOUNTANTS: Robert Lewis Accountants
4 Capricorn Centre
Cranes Farm Road
Basildon
Essex
SS14 3JJ

Shannon's Groundworks and Civils Limited (Registered number: 09438379)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,496 -

CURRENT ASSETS
Stocks 25,294 6,875
Debtors 5 39,421 63,380
Cash in hand 200 200
64,915 70,455
CREDITORS
Amounts falling due within one year 6 27,021 23,003
NET CURRENT ASSETS 37,894 47,452
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,390

47,452

CREDITORS
Amounts falling due after more than one year 7 (44,293 ) (46,387 )

PROVISIONS FOR LIABILITIES (1,614 ) -
NET ASSETS 483 1,065

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 283 865
SHAREHOLDERS' FUNDS 483 1,065

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Shannon's Groundworks and Civils Limited (Registered number: 09438379)

Balance Sheet - continued
31 March 2024


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 director and authorised for issue on 18 September 2024 and were signed by:





Wayne Shannon - Director


Shannon's Groundworks and Civils Limited (Registered number: 09438379)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Shannon's Groundworks and Civils 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

Shannon's Groundworks and Civils Limited (Registered number: 09438379)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 9,995
At 31 March 2024 9,995
DEPRECIATION
Charge for year 1,499
At 31 March 2024 1,499
NET BOOK VALUE
At 31 March 2024 8,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,016 -
Other debtors 37,405 63,380
39,421 63,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 17,436 13,481
Hire purchase contracts 1,536 -
Taxation and social security 7,749 8,595
Other creditors 300 927
27,021 23,003

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 39,429 46,387
Hire purchase contracts 4,864 -
44,293 46,387