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REGISTERED NUMBER: 05404164 (England and Wales)






Unaudited Financial Statements for the Year Ended 30 April 2024

for

Sherratt Group Ltd

Sherratt Group Ltd (Registered number: 05404164)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Sherratt Group Ltd

Company Information
for the Year Ended 30 April 2024







Directors: C F Stockton
Mrs S N Saxon





Registered office: Pinfold Lane
Alltami
Mold
Flintshire
CH7 6NZ





Registered number: 05404164 (England and Wales)





Accountants: Ridgway and Company
The Office,
Ffordd Pentre Bach,
Nercwys.
Mold
Flintshire
CH7 4EG

Sherratt Group Ltd (Registered number: 05404164)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 577 3,087
Property, plant and equipment 5 450,789 377,637
451,366 380,724

CURRENT ASSETS
Inventories - 5,000
Debtors 6 283,758 285,079
Cash at bank and in hand 528,426 592,445
812,184 882,524
CREDITORS
Amounts falling due within one year 7 271,787 424,566
NET CURRENT ASSETS 540,397 457,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,763

838,682

CREDITORS
Amounts falling due after more than one
year

8

(7,249

)

(25,209

)

PROVISIONS FOR LIABILITIES (95,019 ) (77,358 )
NET ASSETS 889,495 736,115

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 889,395 736,015
SHAREHOLDERS' FUNDS 889,495 736,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Sherratt Group Ltd (Registered number: 05404164)

Balance Sheet - continued
30 April 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 22 November 2024 and were signed on its behalf by:




C F Stockton - Director



Mrs S N Saxon - Director


Sherratt Group Ltd (Registered number: 05404164)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Sherratt Group 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Development costs are being amortised evenly over their estimated useful life of five years.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Sherratt Group Ltd (Registered number: 05404164)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 24 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 19,449
AMORTISATION
At 1 May 2023 16,362
Charge for year 2,510
At 30 April 2024 18,872
NET BOOK VALUE
At 30 April 2024 577
At 30 April 2023 3,087

Sherratt Group Ltd (Registered number: 05404164)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 71,292 684,087 276,651 52,153 1,084,183
Additions - 118,807 49,333 1,903 170,043
At 30 April 2024 71,292 802,894 325,984 54,056 1,254,226
DEPRECIATION
At 1 May 2023 - 461,280 207,465 37,801 706,546
Charge for year - 73,276 18,469 5,146 96,891
At 30 April 2024 - 534,556 225,934 42,947 803,437
NET BOOK VALUE
At 30 April 2024 71,292 268,338 100,050 11,109 450,789
At 30 April 2023 71,292 222,807 69,186 14,352 377,637

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 22,700
Transfer to ownership (22,700 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 17,313
Transfer to ownership (17,313 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 5,387

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 257,683 267,277
Other debtors 26,075 17,802
283,758 285,079

Sherratt Group Ltd (Registered number: 05404164)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 19,239 19,238
Hire purchase contracts - 4,500
Trade creditors 145,060 301,307
Taxation and social security 97,112 57,810
Other creditors 10,376 41,711
271,787 424,566

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 7,249 25,209