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REGISTERED NUMBER: 12000856 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

The Shibden Limited

The Shibden Limited (Registered number: 12000856)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Shibden Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M J Heaton





SECRETARY:





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 12000856 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

The Shibden Limited (Registered number: 12000856)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,885 109,710

CURRENT ASSETS
Stocks 29,718 37,122
Debtors 5 63,700 25,000
Cash at bank and in hand 319,494 284,486
412,912 346,608
CREDITORS
Amounts falling due within one year 6 262,572 239,197
NET CURRENT ASSETS 150,340 107,411
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,225

217,121

PROVISIONS FOR LIABILITIES 7 17,838 20,845
NET ASSETS 226,387 196,276

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 226,287 196,176
226,387 196,276

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 November 2024 and were signed by:




M J Heaton - Director


The Shibden Limited (Registered number: 12000856)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

The Shibden Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 73 (2023 - 73 ) .

The Shibden Limited (Registered number: 12000856)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 June 2023 135,324 57,035 192,359
Additions 36,093 - 36,093
At 31 May 2024 171,417 57,035 228,452
DEPRECIATION
At 1 June 2023 68,390 14,259 82,649
Charge for year 37,614 14,304 51,918
At 31 May 2024 106,004 28,563 134,567
NET BOOK VALUE
At 31 May 2024 65,413 28,472 93,885
At 31 May 2023 66,934 42,776 109,710

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Prepayments 63,700 25,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 76,619 142,847
Tax 40,173 14,378
Social security and other taxes 20,979 15,878
VAT 111,067 27,350
Directors' loan accounts 13,634 13,634
Accrued expenses 100 25,110
262,572 239,197

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 17,838 20,845

Deferred
tax
£   
Balance at 1 June 2023 20,845
Deferred Tax (3,007 )
Balance at 31 May 2024 17,838

The Shibden Limited (Registered number: 12000856)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. RELATED PARTY DISCLOSURES

The company is controlled by the company director.