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SHEPHERD GILMOUR (LEEDS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






SHEPHERD GILMOUR (LEEDS) LIMITED (REGISTERED NUMBER: 04328060)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHEPHERD GILMOUR (LEEDS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: A R Waddington
Mrs D Pacey





REGISTERED OFFICE: The Tannery
Kirkstall Road
Leeds
West Yorkshire
LS3 1HS





REGISTERED NUMBER: 04328060





ACCOUNTANTS: Wilkinson and Partners
Suite 1.07
International Dev. Centre
Valley Road
Ilkley
West Yorkshire
LS29 8AL

SHEPHERD GILMOUR (LEEDS) LIMITED (REGISTERED NUMBER: 04328060)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,329 42,771

CURRENT ASSETS
Debtors 5 478,688 283,125
Cash at bank 465,310 201,393
943,998 484,518
CREDITORS
Amounts falling due within one year 6 502,601 210,681
NET CURRENT ASSETS 441,397 273,837
TOTAL ASSETS LESS CURRENT LIABILITIES 465,726 316,608

CREDITORS
Amounts falling due after more than one
year

7

(37,500

)

(73,734

)

PROVISIONS FOR LIABILITIES 8 (3,610 ) (1,090 )
NET ASSETS 424,616 241,784

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 424,516 241,684
SHAREHOLDERS' FUNDS 424,616 241,784

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

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

The directors acknowledge their 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.

SHEPHERD GILMOUR (LEEDS) LIMITED (REGISTERED NUMBER: 04328060)

BALANCE SHEET - continued
31ST MARCH 2024


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 Board of Directors and authorised for issue on 28th October 2024 and were signed on its behalf by:





A R Waddington - Director


SHEPHERD GILMOUR (LEEDS) LIMITED (REGISTERED NUMBER: 04328060)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Shepherd Gilmour (Leeds) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

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

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.
Fixtures and fittings - 33% 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.

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.

SHEPHERD GILMOUR (LEEDS) LIMITED (REGISTERED NUMBER: 04328060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2023 105,233
Additions 8,971
Disposals (38,549 )
At 31st March 2024 75,655
DEPRECIATION
At 1st April 2023 62,462
Charge for year 8,776
Eliminated on disposal (19,912 )
At 31st March 2024 51,326
NET BOOK VALUE
At 31st March 2024 24,329
At 31st March 2023 42,771

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 443,600 253,677
Prepayments 35,088 29,448
478,688 283,125

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts - 8,312
Trade creditors 271,977 74,881
Corporation tax 77,409 660
Social security and other taxes 13,815 13,557
VAT 103,121 73,129
Other creditors 2,826 3,483
Directors' current accounts - 1,932
Accrued expenses 3,453 4,727
502,601 210,681

SHEPHERD GILMOUR (LEEDS) LIMITED (REGISTERED NUMBER: 04328060)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 37,500 67,500
Hire purchase contracts - 6,234
37,500 73,734

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 3,610 1,090

Deferred
tax
£   
Balance at 1st April 2023 1,090
Provided during year 2,520
Balance at 31st March 2024 3,610

The movement in the deferred tax provision is wholly attributable to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is A R Waddington.