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REGISTERED NUMBER: 01018472 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Shelton Machines Limited

Shelton Machines Limited (Registered number: 01018472)






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

Chartered Certified Accountants' Report 8

Shelton Machines Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr M A Shelton
Mrs N T Shelton





REGISTERED OFFICE: 1 Priory Business Park
Wistow Road
Kibworth
Leicestershire
LE8 0RX





REGISTERED NUMBER: 01018472 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

Shelton Machines Limited (Registered number: 01018472)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 333,596 349,481
Tangible assets 5 40,597 50,174
Investments 6 75 75
374,268 399,730

CURRENT ASSETS
Stocks 573,498 476,120
Debtors 7 568,483 372,967
Cash at bank and in hand 190,915 139,662
1,332,896 988,749
CREDITORS
Amounts falling due within one year 8 451,599 361,888
NET CURRENT ASSETS 881,297 626,861
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,255,565

1,026,591

CREDITORS
Amounts falling due after more than one year 9 30,750 49,750
NET ASSETS 1,224,815 976,841

CAPITAL AND RESERVES
Called up share capital 10 357,741 357,741
Share premium 19,500 19,500
Retained earnings 847,574 599,600
SHAREHOLDERS' FUNDS 1,224,815 976,841

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.

Shelton Machines Limited (Registered number: 01018472)

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 30 January 2025 and were signed on its behalf by:




Mr M A Shelton - Director



Mrs N T Shelton - Director


Shelton Machines Limited (Registered number: 01018472)

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

1. STATUTORY INFORMATION

Shelton Machines Limited 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.

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 nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

Shelton Machines Limited (Registered number: 01018472)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 May 2023
and 30 April 2024 476,567
AMORTISATION
At 1 May 2023 127,086
Amortisation for year 15,885
At 30 April 2024 142,971
NET BOOK VALUE
At 30 April 2024 333,596
At 30 April 2023 349,481

5. TANGIBLE FIXED ASSETS
Short Plant and Computer
leasehold machinery equipment Totals
£    £    £    £   
COST
At 1 May 2023 14,145 215,188 123,732 353,065
Additions - - 565 565
At 30 April 2024 14,145 215,188 124,297 353,630
DEPRECIATION
At 1 May 2023 13,880 176,414 112,597 302,891
Charge for year 53 7,755 2,334 10,142
At 30 April 2024 13,933 184,169 114,931 313,033
NET BOOK VALUE
At 30 April 2024 212 31,019 9,366 40,597
At 30 April 2023 265 38,774 11,135 50,174

Shelton Machines Limited (Registered number: 01018472)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 75
NET BOOK VALUE
At 30 April 2024 75
At 30 April 2023 75

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 456,046 244,798
Other debtors 112,437 128,169
568,483 372,967

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 14,083 10,000
Trade creditors 144,076 80,136
Taxation and social security 12,832 23,325
Other creditors 280,608 248,427
451,599 361,888

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 15,000 25,000
Other creditors 15,750 24,750
30,750 49,750

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
357,741 Ordinary 1 357,741 357,741

Shelton Machines Limited (Registered number: 01018472)

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

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M A Shelton and Mrs N T Shelton.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shelton Machines Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Shelton Machines Limited for the year ended 30 April 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Shelton Machines Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shelton Machines Limited and state those matters that we have agreed to state to the Board of Directors of Shelton Machines Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shelton Machines Limited 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 Shelton Machines Limited. You consider that Shelton Machines Limited 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 Shelton Machines Limited. 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.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


Date: .............................................