SHELDRICK TRADING LIMITED

Company Registration Number:
12923637 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

SHELDRICK TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SHELDRICK TRADING LIMITED

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Directors

The directors shown below have held office during the whole of the period from
1 April 2023 to 31 March 2024

Henry Pitman
Robert Brandford
Isla Smith


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
12 September 2024

And signed on behalf of the board by:
Name: Henry Pitman
Status: Director

SHELDRICK TRADING LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 174,108 149,188
Cost of sales: ( 93,978 ) ( 80,488 )
Gross profit(or loss): 80,130 68,700
Administrative expenses: ( 26,390 ) ( 16,097 )
Operating profit(or loss): 53,740 52,603
Profit(or loss) before tax: 53,740 52,603
Profit(or loss) for the financial year: 53,740 52,603

SHELDRICK TRADING LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 907 183
Investments:   0 0
Total fixed assets: 907 183
Current assets
Stocks: 4 25,087 26,562
Debtors: 5 7,147 4,037
Cash at bank and in hand: 58,900 48,247
Investments:   0 0
Total current assets: 91,134 78,846
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 6 ( 38,061 ) ( 26,273 )
Net current assets (liabilities): 53,073 52,573
Total assets less current liabilities: 53,980 52,756
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 53,980 52,756
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 53,979 52,755
Total Shareholders' funds: 53,980 52,756

The notes form part of these financial statements

SHELDRICK TRADING LIMITED

Balance sheet statements

For the year ending 31 March 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.

This report was approved by the board of directors on 12 September 2024
and signed on behalf of the board by:

Name: Henry Pitman
Status: Director

The notes form part of these financial statements

SHELDRICK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 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 recognised to the extent that it is probable that the economic benefits will flow to the Company and that the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: - the Company has transferred the significant risks and rewards of ownership to the buyer; - the amount of turnover can be measured reliably; - it is probable that the Company will receive the consideration due under the transaction; and - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

    Other accounting policies

    Stocks Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

SHELDRICK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

SHELDRICK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 183 183
Additions 815 815
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2024 998 998
Depreciation
At 1 April 2023 0 0
Charge for year 91 91
On disposals 0 0
Other adjustments 0 0
At 31 March 2024 91 91
Net book value
At 31 March 2024 907 907
At 31 March 2023 183 183

SHELDRICK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 25,087 26,562
Payments on account 0 0
Total 25,087 26,562

SHELDRICK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 2,360 1,077
Prepayments and accrued income 0 823
Other debtors 4,787 2,137
Total 7,147 4,037
Debtors due after more than one year: 0 0

SHELDRICK TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 1,251 1,869
Taxation and social security 332
Accruals and deferred income 5,125 4,550
Other creditors 31,685 19,522
Total 38,061 26,273