IRIS Accounts Production v24.3.0.553 10788106 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107881062023-03-31107881062024-03-31107881062023-04-012024-03-31107881062022-03-31107881062022-04-012023-03-31107881062023-03-3110788106ns15:EnglandWales2023-04-012024-03-3110788106ns14:PoundSterling2023-04-012024-03-3110788106ns10:Director12023-04-012024-03-3110788106ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110788106ns10:SmallEntities2023-04-012024-03-3110788106ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110788106ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110788106ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110788106ns10:FullAccounts2023-04-012024-03-3110788106ns10:Director22023-04-012024-03-3110788106ns10:CompanySecretary12023-04-012024-03-3110788106ns10:RegisteredOffice2023-04-012024-03-3110788106ns5:CurrentFinancialInstruments2024-03-3110788106ns5:CurrentFinancialInstruments2023-03-3110788106ns5:ShareCapital2024-03-3110788106ns5:ShareCapital2023-03-3110788106ns5:RetainedEarningsAccumulatedLosses2024-03-3110788106ns5:RetainedEarningsAccumulatedLosses2023-03-3110788106ns5:PlantMachinery2023-04-012024-03-3110788106ns5:FurnitureFittings2023-04-012024-03-3110788106ns5:MotorVehicles2023-04-012024-03-3110788106ns5:ComputerEquipment2023-04-012024-03-3110788106ns5:LeaseholdImprovements2023-03-3110788106ns5:PlantMachinery2023-03-3110788106ns5:FurnitureFittings2023-03-3110788106ns5:LeaseholdImprovements2023-04-012024-03-3110788106ns5:LeaseholdImprovements2024-03-3110788106ns5:PlantMachinery2024-03-3110788106ns5:FurnitureFittings2024-03-3110788106ns5:LeaseholdImprovements2023-03-3110788106ns5:PlantMachinery2023-03-3110788106ns5:FurnitureFittings2023-03-3110788106ns5:MotorVehicles2023-03-3110788106ns5:ComputerEquipment2023-03-3110788106ns5:MotorVehicles2024-03-3110788106ns5:ComputerEquipment2024-03-3110788106ns5:MotorVehicles2023-03-3110788106ns5:ComputerEquipment2023-03-3110788106ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110788106ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-31
REGISTERED NUMBER: 10788106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SHEPHERD MOTORS LTD

SHEPHERD MOTORS LTD (REGISTERED NUMBER: 10788106)






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


SHEPHERD MOTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D A Shepherd
C M Shepherd





SECRETARY:





REGISTERED OFFICE: Create Business Hub
5 Rayleigh Road
Shenfield
Brentwood
Essex
CM13 1AB





REGISTERED NUMBER: 10788106 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

SHEPHERD MOTORS LTD (REGISTERED NUMBER: 10788106)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,587 20,907

CURRENT ASSETS
Stocks 2,818 3,231
Debtors 5 20,248 26,776
Cash at bank and in hand 183,809 229,631
206,875 259,638
CREDITORS
Amounts falling due within one year 6 99,628 156,268
NET CURRENT ASSETS 107,247 103,370
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,834

124,277

PROVISIONS FOR LIABILITIES 2,430 1,802
NET ASSETS 124,404 122,475

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 124,396 122,467
SHAREHOLDERS' FUNDS 124,404 122,475

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.

SHEPHERD MOTORS LTD (REGISTERED NUMBER: 10788106)

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 7 November 2024 and were signed on its behalf by:





C M Shepherd - Director


SHEPHERD MOTORS LTD (REGISTERED NUMBER: 10788106)

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

1. STATUTORY INFORMATION

Shepherd Motors 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.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

SHEPHERD MOTORS LTD (REGISTERED NUMBER: 10788106)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 5,890 63,884 19,651
Additions - 8,315 -
At 31 March 2024 5,890 72,199 19,651
DEPRECIATION
At 1 April 2023 5,890 44,501 19,651
Charge for year - 11,858 -
At 31 March 2024 5,890 56,359 19,651
NET BOOK VALUE
At 31 March 2024 - 15,840 -
At 31 March 2023 - 19,383 -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 32,705 11,223 133,353
Additions 3,700 - 12,015
At 31 March 2024 36,405 11,223 145,368
DEPRECIATION
At 1 April 2023 32,705 9,699 112,446
Charge for year 925 552 13,335
At 31 March 2024 33,630 10,251 125,781
NET BOOK VALUE
At 31 March 2024 2,775 972 19,587
At 31 March 2023 - 1,524 20,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,640 9,161
Prepayments and accrued income 18,608 17,615
20,248 26,776

SHEPHERD MOTORS LTD (REGISTERED NUMBER: 10788106)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,478
Trade creditors 148 62,034
Tax 48,902 39,108
Social security and other taxes 9,488 10,660
VAT 30,884 28,083
Other creditors 5,587 7,637
Pension - 2,718
Directors' current accounts 519 450
Accruals and deferred income 4,100 4,100
99,628 156,268