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REGISTERED NUMBER: 08286889 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Sheppard & Co Limited

Sheppard & Co Limited (Registered number: 08286889)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sheppard & Co Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J M Sheppard FCA





REGISTERED OFFICE: West Barn c/o Down Farm
Hindon
SALISBURY
Wiltshire
SP3 5TA





REGISTERED NUMBER: 08286889 (England and Wales)





ACCOUNTANTS: Sheppard & Co Limited
Chartered Accountants
West Barn, c/o Down Farm
Hindon
Salisbury
Wiltshire
SP3 5TA

Sheppard & Co Limited (Registered number: 08286889)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,660 9,256

CURRENT ASSETS
Debtors 5 4,959 6,291
Cash at bank 85,448 87,837
90,407 94,128
CREDITORS
Amounts falling due within one year 6 (37,845 ) (42,046 )
NET CURRENT ASSETS 52,562 52,082
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,222

61,338

PROVISIONS FOR LIABILITIES 7 (206 ) (757 )
NET ASSETS 57,016 60,581

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,916 60,481
SHAREHOLDERS' FUNDS 57,016 60,581

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Statement of Income and Retained Earnings has not been delivered.

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





J M Sheppard FCA - Director


Sheppard & Co Limited (Registered number: 08286889)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Sheppard & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements relate to Sheppard & Co Limited as an individual entity.

Significant judgements and estimates
The preparation of the financial statements requires the use by management of estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and revenues and expenses during the reporting period. These estimates and assumptions are based on management's best knowledge of the amount, events or actions. Actual results may differ from those amounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price.

Sheppard & Co Limited (Registered number: 08286889)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
Buildings Equipment fittings Equipment Totals
£    £    £    £    £   
COST
At 1 March 2023 16,252 8,892 1,080 13,363 39,587
Additions - - 924 1,240 2,164
At 29 February 2024 16,252 8,892 2,004 14,603 41,751
DEPRECIATION
At 1 March 2023 11,377 8,891 936 9,127 30,331
Charge for year 1,625 - 267 4,868 6,760
At 29 February 2024 13,002 8,891 1,203 13,995 37,091
NET BOOK VALUE
At 29 February 2024 3,250 1 801 608 4,660
At 28 February 2023 4,875 1 144 4,236 9,256

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 3,184 4,792
Other debtors (450 ) -
Prepayments 2,225 1,499
4,959 6,291

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 4,022 3,927
Accruals 428 -
Tax 20,328 23,045
Social security and other taxes 1,273 550
VAT 9,394 12,252
Directors' current accounts 2,400 2,272
37,845 42,046

7. PROVISIONS FOR LIABILITIES
29.2.24 28.2.23
£    £   
Deferred tax 206 757

Deferred
tax
£   
Balance at 1 March 2023 757
Credit to Statement of Income and Retained Earnings during year (551 )
Balance at 29 February 2024 206

8. ULTIMATE CONTROLLING PARTY

The controlling party is J M Sheppard FCA.