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Company Registration No. 01371294 (England and Wales)
Sheargold Pianos Limited Unaudited accounts for the year ended 30 April 2024
Sheargold Pianos Limited Unaudited accounts Contents
Page
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Sheargold Pianos Limited Company Information for the year ended 30 April 2024
Director
Anthony William Sheargold
Company Number
01371294 (England and Wales)
Registered Office
Sheargold Pianos Ltd 162 Anyards Road Cobham Surrey KT11 2LH England
Accountants
CMZ Accounting Ltd Unit A, 82 James Carter Road Mildenhall Suffolk IP28 7DE
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Sheargold Pianos Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,684 
1,589 
Current assets
Inventories
251,044 
296,875 
Debtors
72,448 
72,797 
323,492 
369,672 
Creditors: amounts falling due within one year
(93,006)
(100,303)
Net current assets
230,486 
269,369 
Total assets less current liabilities
232,170 
270,958 
Creditors: amounts falling due after more than one year
(20,833)
(30,833)
Net assets
211,337 
240,125 
Capital and reserves
Called up share capital
2,450 
2,450 
Capital redemption reserve
2,550 
2,550 
Profit and loss account
206,337 
235,125 
Shareholders' funds
211,337 
240,125 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 January 2025 and were signed on its behalf by
Anthony William Sheargold Director Company Registration No. 01371294
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Sheargold Pianos Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Sheargold Pianos Limited is a private company, limited by shares, registered in England and Wales, registration number 01371294. The registered office is Sheargold Pianos Ltd, 162 Anyards Road, Cobham, Surrey, KT11 2LH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over life of the lease
Plant & machinery
33% straight line
Motor vehicles
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
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Sheargold Pianos Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
69,030 
76,155 
40,815 
186,000 
Additions
- 
1,475 
- 
1,475 
At 30 April 2024
69,030 
77,630 
40,815 
187,475 
Depreciation
At 1 May 2023
69,030 
74,566 
40,815 
184,411 
Charge for the year
- 
1,380 
- 
1,380 
At 30 April 2024
69,030 
75,946 
40,815 
185,791 
Net book value
At 30 April 2024
- 
1,684 
- 
1,684 
At 30 April 2023
- 
1,589 
- 
1,589 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
57,289 
69,899 
Accrued income and prepayments
8,563 
2,863 
Other debtors
6,596 
35 
72,448 
72,797 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
33,899 
17,742 
Trade creditors
13,358 
18,294 
Taxes and social security
8,385 
34,037 
Other creditors
23,724 
11,715 
Loans from directors
221 
175 
Accruals
825 
2,025 
Deferred income
12,594 
16,315 
93,006 
100,303 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,833 
30,833 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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