Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 05608717 Richard Shiel Richard Shiel iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05608717 2023-04-30 05608717 2024-04-30 05608717 2023-05-01 2024-04-30 05608717 frs-core:CurrentFinancialInstruments 2024-04-30 05608717 frs-core:Non-currentFinancialInstruments 2024-04-30 05608717 frs-core:FurnitureFittings 2024-04-30 05608717 frs-core:FurnitureFittings 2023-05-01 2024-04-30 05608717 frs-core:FurnitureFittings 2023-04-30 05608717 frs-core:NetGoodwill 2024-04-30 05608717 frs-core:NetGoodwill 2023-05-01 2024-04-30 05608717 frs-core:NetGoodwill 2023-04-30 05608717 frs-core:MotorVehicles 2024-04-30 05608717 frs-core:MotorVehicles 2023-05-01 2024-04-30 05608717 frs-core:MotorVehicles 2023-04-30 05608717 frs-core:ShareCapital 2024-04-30 05608717 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 05608717 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05608717 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 05608717 frs-bus:SmallEntities 2023-05-01 2024-04-30 05608717 frs-bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05608717 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05608717 frs-core:CostValuation 2023-04-30 05608717 frs-core:CostValuation 2024-04-30 05608717 frs-core:ProvisionsForImpairmentInvestments 2023-04-30 05608717 frs-core:ProvisionsForImpairmentInvestments 2024-04-30 05608717 frs-bus:Director1 2023-05-01 2024-04-30 05608717 frs-bus:CompanySecretary1 2023-05-01 2024-04-30 05608717 frs-countries:EnglandWales 2023-05-01 2024-04-30 05608717 2022-04-30 05608717 2023-04-30 05608717 2022-05-01 2023-04-30 05608717 frs-core:CurrentFinancialInstruments 2023-04-30 05608717 frs-core:Non-currentFinancialInstruments 2023-04-30 05608717 frs-core:ShareCapital 2023-04-30 05608717 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 05608717
Shiel Architecture Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended statement of financial position as at year ended 30 April 2024 as set out in the accounts from Shiel Architecture Limited accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.
This report is made solely to the Board of Directors of Shiel Architecture Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors Shiel Architecture Limited , as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants pertaining audit exempt companies. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shiel Architecture Limited and its Board of Directors as a body for our work or for this report. It is the Directors duty to ensure that Shiel Architecture Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shiel Architecture Limited . You consider that Shiel Architecture Limited is exempt from the statutory audit requirement for the year.
Without performing an audit or detailed verification work our procedures consisted of comparing the accounts with the accounting records kept by Shiel Architecture Limited , and making such limited enquiries of the officers of Shiel Architecture Limited as we considered necessary for the purposes of this report. These procedures provide only the assurance expressed in our opinion.
In our opinion the Accounts are in agreement with the accounting records kept by Shiel Architecture Limited Limited under the Companies Act 2006 and generally accepted accounting principles. Having regard only to, and on the basis of, the information contained in those accounting records, the Accounts have been drawn up in a manner consistent with the accounting requirements specified in the Companies Act 2006; and the Financial Reporting Standard 102 Section 1A - Small Entities and the company satisfied the conditions for exemption from an audit of the accounts for the year specified in 476 of the Act and did not at any time within that year, fall within any of the categories of companies not entitled to the exemption.
Signed
10th October 2024
Lynton Foster
Chartered Certified Accountants and Registered Auditors
33 Nicholas Way
Northwood
HA6 2TR
Page 1
Page 2
Statement of Financial Position
Registered number: 05608717
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1 1
Tangible Assets 5 15,764 19,228
Investments 6 100 100
15,865 19,329
CURRENT ASSETS
Debtors 7 117,828 80,160
Cash at bank and in hand 2 2
117,830 80,162
Creditors: Amounts Falling Due Within One Year 8 (80,729 ) (71,626 )
NET CURRENT ASSETS (LIABILITIES) 37,101 8,536
TOTAL ASSETS LESS CURRENT LIABILITIES 52,966 27,865
Creditors: Amounts Falling Due After More Than One Year 9 (14,052 ) (22,151 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,941 ) (4,807 )
NET ASSETS 34,973 907
CAPITAL AND RESERVES
Called up share capital 10 100 100
Income Statement 34,873 807
SHAREHOLDERS' FUNDS 34,973 907
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Income Statement.
On behalf of the board
Richard Shiel
Director
10th October 2024
The notes on pages 4 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Shiel Architecture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05608717 . The registered office is 33 Nicholas Way, Northwood, Middlesex, HA6 2TR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income statement over its estimated economic life. 
2.4. 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:
Motor Vehicles Five years on cost
Furniture, Fixtures & Equipment Three and five years on cost
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
2.7. Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. 
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. 
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3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2023 9,000
As at 30 April 2024 9,000
Amortisation
As at 1 May 2023 8,999
As at 30 April 2024 8,999
Net Book Value
As at 30 April 2024 1
As at 1 May 2023 1
5. Tangible Assets
Motor Vehicles Furniture, Fixtures & Equipment Total
£ £ £
Cost
As at 1 May 2023 14,500 14,932 29,432
Additions - 1,041 1,041
As at 30 April 2024 14,500 15,973 30,473
Depreciation
As at 1 May 2023 72 10,132 10,204
Provided during the period 2,900 1,605 4,505
As at 30 April 2024 2,972 11,737 14,709
Net Book Value
As at 30 April 2024 11,528 4,236 15,764
As at 1 May 2023 14,428 4,800 19,228
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6. Investments
Other
£
Cost
As at 1 May 2023 100
As at 30 April 2024 100
Provision
As at 1 May 2023 -
As at 30 April 2024 -
Net Book Value
As at 30 April 2024 100
As at 1 May 2023 100
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 21,851 68,453
Prepayments and accrued income 5,977 4,707
Amounts owed by other participating interests 90,000 7,000
117,828 80,160
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 16,332 15,440
Corporation tax 29,073 40,390
Other taxes and social security 18,353 8,034
Other creditors 16,758 7,279
Accruals 112 92
Director's loan account 101 391
80,729 71,626
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 14,052 22,151
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10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
11. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 2,000 90,000
12. Related Party Transactions
At the Balance Sheet date the Director was owed the sum of £101 (£391 - 2023) such monies advanced to the company on an interest free basis. In addition, the company advanced to the Director the sum of £90,000 within the accounting period, repayable on demand, for which the Director accounted to the company for interest at the rate of 2.25 p.a. 
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