2023-08-012024-07-312024-07-31false08083177Shadbolt (Design & Build) 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Shadbolt (Design & Build) Limited

Registered Number
08083177
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

Shadbolt (Design & Build) Limited
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

Alan Stephen Shadbolt
Benjamine Shadbolt

Registered Address

42 High Street, Wanstead
London
E11 2RJ

Registered Number

08083177 (England and Wales)
Shadbolt (Design & Build) Limited
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,532263
4,532263
Current assets
Stocks5,500-
Cash at bank and on hand22,29849,970
27,79849,970
Creditors amounts falling due within one year4(25,842)(57,342)
Net current assets (liabilities)1,956(7,372)
Total assets less current liabilities6,488(7,109)
Creditors amounts falling due after one year5(614)(15,717)
Provisions for liabilities(861)-
Net assets5,013(22,826)
Capital and reserves
Called up share capital200200
Profit and loss account4,813(23,026)
Shareholders' funds5,013(22,826)
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2024, and are signed on its behalf by:
Alan Stephen Shadbolt
Director
Registered Company No. 08083177
Shadbolt (Design & Build) Limited
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery 20% on cost Motor vehicles 20% on cost Computer equipment 33% on cost
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 August 234,453
Additions5,500
At 31 July 249,953
Depreciation and impairment
At 01 August 234,190
Charge for year1,231
At 31 July 245,422
Net book value
At 31 July 244,532
At 31 July 23263
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,6402,833
Bank borrowings and overdrafts852850
Amounts owed to related parties2,4414,500
Taxation and social security16,80944,610
Accrued liabilities and deferred income4,1004,549
Total25,84257,342
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts6141,417
Amounts owed to related parties-14,300
Total61415,717