Registered number
08920044
SHIREVELL LIMITED
Filleted Accounts
31 March 2024
SHIREVELL LIMITED
Registered number: 08920044
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 3,500
Current assets
Debtors 4 7,686 6,745
Cash at bank and in hand 11,885 12,225
19,571 18,970
Creditors: amounts falling due within one year 5 (775) (737)
Net current assets 18,796 18,233
Net assets 18,796 21,733
Capital and reserves
Called up share capital 1,000 1,000
Share premium 30,000 30,000
Profit and loss account (12,204) (9,267)
Shareholders' funds 18,796 21,733
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D.M. Moore
Director
Approved by the board on 28 November 2024
SHIREVELL LIMITED
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 35,000
At 31 March 2024 35,000
Amortisation
At 1 April 2023 31,500
Provided during the year 3,500
At 31 March 2024 35,000
Net book value
At 31 March 2024 -
At 31 March 2023 3,500
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2024 2023
£ £
Trade debtors 1,420 6,745
Other debtors 6,266 -
7,686 6,745
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 854 2,111
Directors loan account - (2,266)
Corporation Tax (1,138) (600)
Value Added Tax 172 682
Other creditors 887 810
775 737
6 Other information
SHIREVELL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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