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Registered number: 09298724
Sheppard A/c Services Ltd
Financial Statements
For The Year Ended 31 March 2024
Oakensen (Bristol)
Chartered Accountants
Westbury Court Church Road
Westbury On Trym
Bristol
BS9 3EF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09298724
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,810 460
1,810 460
CURRENT ASSETS
Debtors 5 156,682 195,283
Cash at bank and in hand 94,425 125,651
251,107 320,934
Creditors: Amounts Falling Due Within One Year 6 (108,167 ) (106,092 )
NET CURRENT ASSETS (LIABILITIES) 142,940 214,842
TOTAL ASSETS LESS CURRENT LIABILITIES 144,750 215,302
Creditors: Amounts Falling Due After More Than One Year 7 (40,638 ) (54,662 )
NET ASSETS 104,112 160,640
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 104,012 160,540
SHAREHOLDERS' FUNDS 104,112 160,640
Page 1
Page 2
For the year ending 31 March 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
P Sheppard
Director
4 November 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sheppard A/c Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09298724 . The registered office is 1 Hillcrest Close, Headley Park, Bristol, Bristol, BS13 7BQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 5 years straight line.
Computer Equipment 5 years straight line.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
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4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 3,827 3,956 7,783
Additions - 1,915 1,915
As at 31 March 2024 3,827 5,871 9,698
Depreciation
As at 1 April 2023 3,827 3,496 7,323
Provided during the period - 565 565
As at 31 March 2024 3,827 4,061 7,888
Net Book Value
As at 31 March 2024 - 1,810 1,810
As at 1 April 2023 - 460 460
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,404 102,614
Prepayments and accrued income 2,120 -
Other debtors 37,591 79,349
Directors' loan accounts 73,567 13,320
156,682 195,283
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 24,564 -
Bank loans and overdrafts 14,706 14,041
Other taxes and social security 9,495 -
Other creditors 57,192 39,881
Accruals and deferred income 2,210 52,170
108,167 106,092
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Page 5
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 40,638 54,662
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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