SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Company Registration Number:
09275997 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Balance sheet
Additional notes
Balance sheet notes

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Directors' report period ended 31 December 2023

The directors present their report with the financial statements of the company for the period ended 31 December 2023

Principal activities of the company

The company's principal activity during the year continued to be financial management.



Directors

The directors shown below have held office during the whole of the period from
1 January 2023 to 31 December 2023

JOSH WOODHALL
LAURENCE SHEAVYN


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 August 2024

And signed on behalf of the board by:
Name: JOSH WOODHALL
Status: Director

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Intangible assets: 3 0 56,700
Tangible assets: 4 46,430 53,907
Total fixed assets: 46,430 110,607
Current assets
Debtors: 5 653,482 512,393
Cash at bank and in hand: 138,216 47,335
Total current assets: 791,698 559,728
Creditors: amounts falling due within one year: 6 ( 250,662 ) ( 136,284 )
Net current assets (liabilities): 541,036 423,444
Total assets less current liabilities: 587,466 534,051
Creditors: amounts falling due after more than one year: 7 ( 128,645 ) ( 15,041 )
Provision for liabilities: ( 13,131 ) ( 13,131 )
Total net assets (liabilities): 445,690 505,879
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 445,688 505,877
Total Shareholders' funds: 445,690 505,879

The notes form part of these financial statements

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 19 August 2024
and signed on behalf of the board by:

Name: JOSH WOODHALL
Status: Director

The notes form part of these financial statements

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Motor vehicles 25% reducing balance Fixtures, fittings, tools and equipment 25% reducing balance

    Intangible fixed assets amortisation policy

    Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 8 6

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 475,000 475,000
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 475,000 475,000
Amortisation
At 1 January 2023 418,300 418,300
Charge for year 56,700 56,700
On disposals
Other adjustments
At 31 December 2023 475,000 475,000
Net book value
At 31 December 2023 0 0
At 31 December 2022 56,700 56,700

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 24,000 24,081 21,650 69,731
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 24,000 24,081 21,650 69,731
Depreciation
At 1 January 2023 13,569 2,255 15,824
Charge for year 2,628 4,849 7,477
On disposals
Other adjustments
At 31 December 2023 16,197 7,104 23,301
Net book value
At 31 December 2023 24,000 7,884 14,546 46,430
At 31 December 2022 24,000 10,512 19,395 53,907

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
£ £
Other debtors 653,482 512,393
Total 653,482 512,393

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 121,523
Amounts due under finance leases and hire purchase contracts 2,940 2,940
Taxation and social security 56,592 50,940
Other creditors 69,607 82,404
Total 250,662 136,284

SHEAVYN ASSOCIATES FINANCIAL MANAGEMENT LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 118,540 0
Amounts due under finance leases and hire purchase contracts 10,105 15,041
Other creditors 0
Total 128,645 15,041