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REGISTERED NUMBER: 02223334 (England and Wales)















Sheen Stickland Audit Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Sheen Stickland Audit Limited (Registered number: 02223334)

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


Sheen Stickland Audit Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: D A Sanders
P J Sharpe
P E H Wright
P Joyce





SECRETARY: D A Sanders





REGISTERED OFFICE: 2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT





REGISTERED NUMBER: 02223334 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Sheen Stickland Audit Limited (Registered number: 02223334)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 11,243 12,269
Debtors 5 510,995 779,403
Cash at bank 40,911 40,292
563,149 831,964
CREDITORS
Amounts falling due within one year 6 68,960 207,155
NET CURRENT ASSETS 494,189 624,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

494,189

624,809

CREDITORS
Amounts falling due after more than
one year

7

50,211

90,833
NET ASSETS 443,978 533,976

CAPITAL AND RESERVES
Called up share capital 787 787
Capital redemption reserve 213 213
Retained earnings 442,978 532,976
SHAREHOLDERS' FUNDS 443,978 533,976

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.

Sheen Stickland Audit Limited (Registered number: 02223334)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th November 2024 and were signed on its behalf by:




D A Sanders - Director



P Joyce - Director


Sheen Stickland Audit Limited (Registered number: 02223334)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Sheen Stickland Audit 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Sheen Stickland Audit Limited (Registered number: 02223334)

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


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 238,858
AMORTISATION
At 1st April 2023
and 31st March 2024 238,858
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 88,541 161,110
Other debtors 422,454 618,293
510,995 779,403

Sheen Stickland Audit Limited (Registered number: 02223334)

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


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 42,545 41,923
Trade creditors - 87,199
Taxation and social security 18,003 34,912
Other creditors 8,412 43,121
68,960 207,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 50,211 90,833

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 92,756 132,756

The bank loans are secured by a fixed and floating charge over all the property of the company.