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REGISTERED NUMBER: 11136464 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

S F Shop Fitting Ltd

S F Shop Fitting Ltd (Registered number: 11136464)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


S F Shop Fitting Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S L Farrow





REGISTERED OFFICE: Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA





REGISTERED NUMBER: 11136464 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
S F Shop Fitting Ltd

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 S F Shop Fitting Ltd for the year ended 31 March 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of S F Shop Fitting Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S F Shop Fitting Ltd and state those matters that we have agreed to state to the director of S F Shop Fitting Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S F Shop Fitting Ltd and its director for our work or for this report.

It is your duty to ensure that S F Shop Fitting Ltd 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 profit of S F Shop Fitting Ltd. You consider that S F Shop Fitting Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S F Shop Fitting Ltd. 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


4 December 2024

S F Shop Fitting Ltd (Registered number: 11136464)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 13,613 20,772
13,613 22,772

CURRENT ASSETS
Debtors 6 33,340 33,491
Cash at bank 7,026 13,273
40,366 46,764
CREDITORS
Amounts falling due within one year 7 18,729 15,118
NET CURRENT ASSETS 21,637 31,646
TOTAL ASSETS LESS CURRENT LIABILITIES 35,250 54,418

CREDITORS
Amounts falling due after more than one
year

8

(5,856

)

(10,540

)

PROVISIONS FOR LIABILITIES (2,484 ) (3,822 )
NET ASSETS 26,910 40,056

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 26,810 39,956
SHAREHOLDERS' FUNDS 26,910 40,056

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 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.

S F Shop Fitting Ltd (Registered number: 11136464)

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 director and authorised for issue on 4 December 2024 and were signed by:





S L Farrow - Director


S F Shop Fitting Ltd (Registered number: 11136464)

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

1. STATUTORY INFORMATION

S F Shop Fitting 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

S F Shop Fitting Ltd (Registered number: 11136464)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 10,000
AMORTISATION
At 1 April 2023 8,000
Charge for year 2,000
At 31 March 2024 10,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 2,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 12,265 995 32,763 2,929 48,952
Additions 484 - - - 484
At 31 March 2024 12,749 995 32,763 2,929 49,436
DEPRECIATION
At 1 April 2023 6,346 415 19,508 1,911 28,180
Charge for year 3,182 199 3,314 948 7,643
At 31 March 2024 9,528 614 22,822 2,859 35,823
NET BOOK VALUE
At 31 March 2024 3,221 381 9,941 70 13,613
At 31 March 2023 5,919 580 13,255 1,018 20,772

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 32,763
DEPRECIATION
At 1 April 2023
and 31 March 2024 9,198
NET BOOK VALUE
At 31 March 2024 23,565
At 31 March 2023 23,565

S F Shop Fitting Ltd (Registered number: 11136464)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 33,340 33,491

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,685 4,685
Trade creditors 2,291 -
Taxation and social security 8,576 8,386
Other creditors 3,177 2,047
18,729 15,118

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,856 10,540

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 10,541 15,225

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 April 2023 39,956
Profit for the year 21,854
Dividends (35,000 )
At 31 March 2024 26,810