IRIS Accounts Production v24.3.0.553 10239091 director 1.7.23 29.2.24 29.2.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102390912023-06-30102390912024-02-29102390912023-07-012024-02-29102390912022-06-30102390912022-07-012023-06-30102390912023-06-3010239091ns15:EnglandWales2023-07-012024-02-2910239091ns14:PoundSterling2023-07-012024-02-2910239091ns10:Director12023-07-012024-02-2910239091ns10:PrivateLimitedCompanyLtd2023-07-012024-02-2910239091ns10:SmallEntities2023-07-012024-02-2910239091ns10:AuditExemptWithAccountantsReport2023-07-012024-02-2910239091ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-02-2910239091ns10:SmallCompaniesRegimeForAccounts2023-07-012024-02-2910239091ns10:FullAccounts2023-07-012024-02-2910239091ns10:OrdinaryShareClass12023-07-012024-02-2910239091ns10:RegisteredOffice2023-07-012024-02-2910239091ns5:CurrentFinancialInstruments2024-02-2910239091ns5:CurrentFinancialInstruments2023-06-3010239091ns5:Non-currentFinancialInstruments2024-02-2910239091ns5:Non-currentFinancialInstruments2023-06-3010239091ns5:ShareCapital2024-02-2910239091ns5:ShareCapital2023-06-3010239091ns5:RetainedEarningsAccumulatedLosses2024-02-2910239091ns5:RetainedEarningsAccumulatedLosses2023-06-3010239091ns5:PlantMachinery2023-07-012024-02-2910239091ns5:MotorVehicles2023-07-012024-02-2910239091ns5:PlantMachinery2023-06-3010239091ns5:MotorVehicles2023-06-3010239091ns5:PlantMachinery2024-02-2910239091ns5:MotorVehicles2024-02-2910239091ns5:PlantMachinery2023-06-3010239091ns5:MotorVehicles2023-06-3010239091ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2910239091ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3010239091ns5:DeferredTaxation2023-06-3010239091ns5:DeferredTaxation2023-07-012024-02-2910239091ns5:DeferredTaxation2024-02-2910239091ns10:OrdinaryShareClass12024-02-2910239091ns5:RetainedEarningsAccumulatedLosses2023-06-3010239091ns5:RetainedEarningsAccumulatedLosses2023-07-012024-02-29
REGISTERED NUMBER: 10239091 (England and Wales)














Unaudited Financial Statements

For The Period

1st July 2023 to 29th February 2024

for

Shelley M Limited

Shelley M Limited (Registered number: 10239091)






Contents of the Financial Statements
For The Period 1st July 2023 to 29th February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Shelley M Limited

Company Information
For The Period 1st July 2023 to 29th February 2024







DIRECTOR: M Shelley





REGISTERED OFFICE: Cosy Cottage
Perranwell
Goonhaven
Truro
Cornwall
TR4 9PE





REGISTERED NUMBER: 10239091 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Shelley M Limited (Registered number: 10239091)

Balance Sheet
29th February 2024

29.2.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 14,850

CURRENT ASSETS
Stocks 5 - 73,815
Debtors 6 - 78,562
Cash at bank 2,153 -
2,153 152,377
CREDITORS
Amounts falling due within one year 7 30,673 118,284
NET CURRENT (LIABILITIES)/ASSETS (28,520 ) 34,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

(28,520

)

48,943

CREDITORS
Amounts falling due after more than one
year

8

(22,779

)

(31,972

)

PROVISIONS FOR LIABILITIES 11 - (2,822 )
NET (LIABILITIES)/ASSETS (51,299 ) 14,149

CAPITAL AND RESERVES
Called up share capital 12 1 1
Retained earnings 13 (51,300 ) 14,148
SHAREHOLDERS' FUNDS (51,299 ) 14,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 29th February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Shelley M Limited (Registered number: 10239091)

Balance Sheet - continued
29th February 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 and authorised for issue by the director and authorised for issue on 27th November 2024 and were signed by:





M Shelley - Director


Shelley M Limited (Registered number: 10239091)

Notes to the Financial Statements
For The Period 1st July 2023 to 29th February 2024

1. STATUTORY INFORMATION

Shelley M 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 period 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 period 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 period was 1 (2023 - 2 ) .

Shelley M Limited (Registered number: 10239091)

Notes to the Financial Statements - continued
For The Period 1st July 2023 to 29th February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st July 2023 2,700 78,750 81,450
Disposals (2,700 ) (78,750 ) (81,450 )
At 29th February 2024 - - -
DEPRECIATION
At 1st July 2023 846 65,754 66,600
Charge for period 185 2,166 2,351
Eliminated on disposal (1,031 ) (67,920 ) (68,951 )
At 29th February 2024 - - -
NET BOOK VALUE
At 29th February 2024 - - -
At 30th June 2023 1,854 12,996 14,850

5. STOCKS
29.2.24 30.6.23
£    £   
Stocks - 73,815

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 30.6.23
£    £   
Trade debtors - 77,030
SOT Reserve A/c's - 1,532
- 78,562

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 30.6.23
£    £   
Bank loans and overdrafts (see note 9) - 2,303
Tax 3,405 11,483
Social security and other taxes 13,351 13,351
VAT 3,535 4,616
Snap On Tools 5,077 82,653
Directors' current accounts 25 93
Creditors & Accrued expenses 5,280 3,785
30,673 118,284

Shelley M Limited (Registered number: 10239091)

Notes to the Financial Statements - continued
For The Period 1st July 2023 to 29th February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 30.6.23
£    £   
Other loans (see note 9) 22,779 29,446
Hire purchase contracts - 2,526
22,779 31,972

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 22,779 29,446

9. LOANS

An analysis of the maturity of loans is given below:

29.2.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 2,303

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 22,779 29,446

10. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 30.6.23
£    £   
Snap On Finance U K Limited - 82,653

Snap On Finance U K Limited has a fixed and floating charge over the assets of the company.

11. PROVISIONS FOR LIABILITIES
29.2.24 30.6.23
£    £   
Deferred tax - 2,822

Deferred
tax
£   
Balance at 1st July 2023 2,822
Credit to Income Statement during period (2,822 )
Balance at 29th February 2024 -

Shelley M Limited (Registered number: 10239091)

Notes to the Financial Statements - continued
For The Period 1st July 2023 to 29th February 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 30.6.23
value: £    £   
1 Ordinary £1 1 1

13. RESERVES
Retained
earnings
£   

At 1st July 2023 14,148
Deficit for the period (46,448 )
Dividends (19,000 )
At 29th February 2024 (51,300 )

14. RELATED PARTY DISCLOSURES

During the period, total dividends of £19,000 (2023 - £36,600) were paid to the director .

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M Shelley.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Shelley M Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shelley M Limited for the period ended 29th February 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's 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 http://www.accaglobal.com/rulebook.

This report is made solely to the director of Shelley M Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shelley M Limited and state those matters that we have agreed to state to the director of Shelley M Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Shelley M Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Shelley M Limited. You consider that Shelley M Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Shelley M Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


Date: 27th November 2024