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REGISTERED NUMBER: 07974959 (England and Wales)















Shere91 Ltd

Unaudited Financial Statements for the Year Ended 31 March 2024






Shere91 Ltd (Registered number: 07974959)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shere91 Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K M Berry
J T Harrison
Mrs S V Harrison





SECRETARY: Mrs M L Berry





REGISTERED OFFICE: The White House
2 Meadrow
Godalming
Surrey
GU7 3HN





BUSINESS ADDRESS: Middle Street
Shere
Surrey
GU5 9HF





REGISTERED NUMBER: 07974959 (England and Wales)





ACCOUNTANTS: Hughes Waddell
The White House
2 Meadrow
Godalming
Surrey
GU7 3HN

Shere91 Ltd (Registered number: 07974959)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 78,745 99,220
78,745 99,220

CURRENT ASSETS
Stocks 6 57,385 53,010
Debtors 7 15,776 12,223
Cash at bank and in hand 209,647 250,254
282,808 315,487
CREDITORS
Amounts falling due within one year 8 313,558 322,382
NET CURRENT LIABILITIES (30,750 ) (6,895 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,995

92,325

CREDITORS
Amounts falling due after more than one
year

9

(41,694

)

(73,324

)

PROVISIONS FOR LIABILITIES (6,291 ) (7,530 )
NET ASSETS 10 11,471

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings - 11,461
SHAREHOLDERS' FUNDS 10 11,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

Shere91 Ltd (Registered number: 07974959)

Balance Sheet - continued
31 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 20 November 2024 and were signed on its behalf by:




K M Berry - Director Mrs S V Harrison - Director




J T Harrison - Director


Shere91 Ltd (Registered number: 07974959)

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

1. STATUTORY INFORMATION

Shere91 Ltd 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.

Turnover
Turnover represents the net sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - 5% on cost
Fixtures, fittings & equipment - 12.5% on cost
Office equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Shere91 Ltd (Registered number: 07974959)

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

2. ACCOUNTING POLICIES - continued

Pension costs
The company contributes to the personal pension scheme of two of the directors. All contributions are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 525,000
AMORTISATION
At 1 April 2023
and 31 March 2024 525,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures,
Leasehold fittings Office
improvements & equipment equipment Totals
£    £    £    £   
COST
At 1 April 2023 124,977 123,445 4,022 252,444
Additions - 609 184 793
At 31 March 2024 124,977 124,054 4,206 253,237
DEPRECIATION
At 1 April 2023 64,458 85,187 3,579 153,224
Charge for year 6,249 14,825 194 21,268
At 31 March 2024 70,707 100,012 3,773 174,492
NET BOOK VALUE
At 31 March 2024 54,270 24,042 433 78,745
At 31 March 2023 60,519 38,258 443 99,220

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 57,385 53,010

Shere91 Ltd (Registered number: 07974959)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 552 549
Other debtors 15,224 11,674
15,776 12,223

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 20,403 20,440
Trade creditors 192,435 175,611
Taxation and social security 45,297 54,874
Other creditors 55,423 71,457
313,558 322,382

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 19,908 40,316
Other creditors 21,786 33,008
41,694 73,324