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REGISTERED NUMBER: 03710247 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

SHELCO LIMITED

SHELCO LIMITED (REGISTERED NUMBER: 03710247)






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


SHELCO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: Mrs S M Davies





SECRETARY:





REGISTERED OFFICE: 3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ





REGISTERED NUMBER: 03710247 (England and Wales)





ACCOUNTANTS: Charles & Co
Chartered Certified Accountants
3 Murray Street
Llanelli
Carmarthenshire
SA15 1AQ

SHELCO LIMITED (REGISTERED NUMBER: 03710247)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,177 6,895

CURRENT ASSETS
Debtors 5 - 176
Cash at bank and in hand 22,851 11,220
22,851 11,396
CREDITORS
Amounts falling due within one year 6 44,244 31,078
NET CURRENT LIABILITIES (21,393 ) (19,682 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(16,216

)

(12,787

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (16,218 ) (12,789 )
SHAREHOLDERS' FUNDS (16,216 ) (12,787 )

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 her 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:





Mrs S M Davies - Director


SHELCO LIMITED (REGISTERED NUMBER: 03710247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Shelco 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 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.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 766 12,050 473 13,289
DEPRECIATION
At 1 March 2023 766 5,272 356 6,394
Charge for year - 1,694 24 1,718
At 29 February 2024 766 6,966 380 8,112
NET BOOK VALUE
At 29 February 2024 - 5,084 93 5,177
At 28 February 2023 - 6,778 117 6,895

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 176

SHELCO LIMITED (REGISTERED NUMBER: 03710247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to associates 12,000 12,000
Social security and other taxes 145 383
VAT 3,830 -
Directors' loan accounts 27,670 18,145
Accrued expenses 599 550
44,244 31,078

7. RELATED PARTY DISCLOSURES

Included within creditors (£12,000) is a loan from an associate company Deheubarth Properties Ltd, Mrs S M Davies is a director and shareholder of this company.