03565109falsedouble glazing supplier and installer2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-05-31http://www.companieshouse.gov.uk/cd:Director12023-06-012024-05-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-05-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-05-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-06-012024-05-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-06-012024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-05-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-05-31http://www.companieshouse.gov.uk/2023-06-012024-05-31http://www.companieshouse.gov.uk/2023-05-31http://www.companieshouse.gov.uk/cd:FRS1022023-06-012024-05-31http://www.companieshouse.gov.uk/2024-05-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-06-012024-05-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-06-012024-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03565109

Mark Shear Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024

Prepared By:
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Mark Shear Limited

ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
DIRECTORS
Mark Andrew Shear
SECRETARY
Julie Ann Felipes-Shear
REGISTERED OFFICE
Nirvana
Nelson Road, Fiskerton
Lincoln
Lincolnshire
LN3 4ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 03565109
BANKERS
Lloyds Bank plc
ACCOUNTANTS
Greenhalgh Johnson Ltd
Accountants and Tax Advisers
22 High Street
Burgh le Marsh
Skegness
Lincolnshire
PE24 5JT

Mark Shear Limited

ACCOUNTS
FOR THEYEARENDED31/05/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Mark Shear Limited

BALANCE SHEET AT 31/05/2024
20242023
Notes££
FIXED ASSETS
Tangible assets39,81113,080
CURRENT ASSETS
Stock250300
Debtors511,3787,594
Cash at bank and in hand48,76597,953
60,393105,847
CREDITORS: Amounts falling due within one year644,99388,651
NET CURRENT ASSETS15,40017,196
TOTAL ASSETS LESS CURRENT LIABILITIES25,21130,276
CREDITORS: Amounts falling due after more than one year75,1589,170
PROVISIONS FOR LIABILITIES AND CHARGES81,8642,878
NET ASSETS18,18918,228
CAPITAL AND RESERVES
Called up share capital944
Profit and loss account18,18518,224
SHAREHOLDERS' FUNDS18,18918,228
For the year ending 31/05/2024 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 decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 18/09/2024 and signed on their behalf by
.............................
Mark Andrew Shear
Director

Mark Shear Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Fixtures and Fittingsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Mark Shear Limited

2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. TANGIBLE FIXED ASSETS
Plant andFixtures
Machineryand FittingsTotal
£££
Cost
At 01/06/202333,7031,84035,543
At 31/05/202433,7031,84035,543
Depreciation
At 01/06/202321,0481,41522,463
For the year3,1631063,269
At 31/05/202424,2111,52125,732
Net Book Amounts
At 31/05/20249,4923199,811
At 31/05/202312,65542513,080
4. STOCK 20242023
££
Stock comprises:
Stock250300
250300
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors10,208741
PAYE control9682,136
Prepayments202305
Accrued income-4,412
11,3787,594

Mark Shear Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,14915,444
VAT6,97810,390
Directors current account11,28933,016
Bank Loan4,0133,907
Trade creditors8,81110,157
Other creditors6,57014,590
Accruals1,1831,147
44,99388,651
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr5,1589,170
5,1589,170
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation1,8642,878
1,8642,878
9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
4 Ordinary shares of £1 each44
44