Shg Associates Ltd Filleted Accounts Cover
Shg Associates Ltd
Company No. 07929173
Information for Filing with The Registrar
31 January 2024
Shg Associates Ltd Balance Sheet Registrar
at
31 January 2024
Company No.
07929173
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
3,2165,014
3,2165,014
Current assets
Debtors
492,07166,720
Cash at bank and in hand
16,940400,481
509,011467,201
Creditors: Amount falling due within one year
(70,536)
(63,123)
Net current assets
438,475404,078
Total assets less current liabilities
441,691409,092
Net assets
441,691409,092
Capital and reserves
Called up share capital
100100
Profit and loss account
6
441,591408,992
Total equity
441,691409,092
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
All the members have consented to the preparation of abridged financial statements for the year ended 31 January 2024 in accordance with the Companies Act 2006.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 31 October 2024 and signed on its behalf by:
S. Gill
Director
31 October 2024
Shg Associates Ltd Notes to the Accounts Registrar
for the year ended 31 January 2024
1
General information
Shg Associates Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 07929173
Its registered office is:
4 Whitchurch Parade
Whitchurch Lane
Edgware
HA8 6LR
The abridged accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006, including the provisions permitting an abridged profit and loss account and balance sheet to be prepared.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Total
£
Cost or revaluation
At 1 February 2023
13,160
At 31 January 2024
13,160
Depreciation
At 1 February 2023
8,146
Charge for the year
1,798
At 31 January 2024
9,944
Net book values
At 31 January 2024
3,216
At 31 January 2023
5,014
5
Share Capital
100 A Ordinary shares of £1 each
6
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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