IRIS Accounts Production v24.3.2.46 04365260 director 1.5.23 30.4.24 30.4.24 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043652602023-04-30043652602024-04-30043652602023-05-012024-04-30043652602022-04-30043652602022-05-012023-04-30043652602023-04-3004365260ns15:EnglandWales2023-05-012024-04-3004365260ns14:PoundSterling2023-05-012024-04-3004365260ns10:Director12023-05-012024-04-3004365260ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004365260ns10:SmallEntities2023-05-012024-04-3004365260ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3004365260ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004365260ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004365260ns10:FullAccounts2023-05-012024-04-300436526012023-05-012024-04-3004365260ns10:RegisteredOffice2023-05-012024-04-3004365260ns5:CurrentFinancialInstruments2024-04-3004365260ns5:CurrentFinancialInstruments2023-04-3004365260ns5:Non-currentFinancialInstruments2024-04-3004365260ns5:Non-currentFinancialInstruments2023-04-3004365260ns5:ShareCapital2024-04-3004365260ns5:ShareCapital2023-04-3004365260ns5:RevaluationReserve2024-04-3004365260ns5:RevaluationReserve2023-04-3004365260ns5:FurtherSpecificReserve3ComponentTotalEquity2024-04-3004365260ns5:FurtherSpecificReserve3ComponentTotalEquity2023-04-3004365260ns5:RetainedEarningsAccumulatedLosses2024-04-3004365260ns5:RetainedEarningsAccumulatedLosses2023-04-3004365260ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3004365260ns5:ComputerSoftware2023-05-012024-04-3004365260ns5:LandBuildings2023-05-012024-04-3004365260ns5:PlantMachinery2023-05-012024-04-3004365260ns5:ComputerSoftware2023-04-3004365260ns5:ComputerSoftware2024-04-3004365260ns5:ComputerSoftware2023-04-3004365260ns5:LandBuildings2023-04-3004365260ns5:PlantMachinery2023-04-3004365260ns5:LandBuildings2024-04-3004365260ns5:PlantMachinery2024-04-3004365260ns5:LandBuildings2023-04-3004365260ns5:PlantMachinery2023-04-3004365260ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3004365260ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-30
REGISTERED NUMBER: 04365260 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Shellau Contracts Limited

Shellau Contracts Limited (Registered number: 04365260)






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


Shellau Contracts Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: M D Carmody





REGISTERED OFFICE: Unit C3, Segensworth Business
Centre, Segensworth Road
Fareham
Hampshire
PO15 5RQ





REGISTERED NUMBER: 04365260 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Shellau Contracts Limited (Registered number: 04365260)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,304 6,188
Tangible assets 5 272,395 262,660
Investment property 6 250,000 270,000
527,699 538,848

CURRENT ASSETS
Stocks 7 105,065 221,284
Debtors 8 420,932 352,959
Cash at bank 191,427 13,708
717,424 587,951
CREDITORS
Amounts falling due within one year 9 333,297 417,379
NET CURRENT ASSETS 384,127 170,572
TOTAL ASSETS LESS CURRENT
LIABILITIES

911,826

709,420

CREDITORS
Amounts falling due after more than one
year

10

(6,387

)

(17,570

)

PROVISIONS FOR LIABILITIES (7,917 ) (4,926 )
NET ASSETS 897,522 686,924

CAPITAL AND RESERVES
Called up share capital 160,000 160,000
Revaluation reserve 28,166 28,166
Undistributable reserve 96,389 116,389
Retained earnings 612,967 382,369
SHAREHOLDERS' FUNDS 897,522 686,924

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 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.

Shellau Contracts Limited (Registered number: 04365260)

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 director and authorised for issue on 29 January 2025 and were signed by:





M D Carmody - Director


Shellau Contracts Limited (Registered number: 04365260)

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

1. STATUTORY INFORMATION

Shellau Contracts 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 as modified by the revaluation of certain assets.

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.

Computer software is being amortised evenly over its estimated useful life of fourteen years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.


Shellau Contracts Limited (Registered number: 04365260)

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

2. ACCOUNTING POLICIES - continued
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
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 2 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 May 2023
and 30 April 2024 12,377
AMORTISATION
At 1 May 2023 6,189
Amortisation for year 884
At 30 April 2024 7,073
NET BOOK VALUE
At 30 April 2024 5,304
At 30 April 2023 6,188

Shellau Contracts Limited (Registered number: 04365260)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 315,000 123,065 438,065
Additions - 32,638 32,638
At 30 April 2024 315,000 155,703 470,703
DEPRECIATION
At 1 May 2023 94,104 81,301 175,405
Charge for year 6,300 16,603 22,903
At 30 April 2024 100,404 97,904 198,308
NET BOOK VALUE
At 30 April 2024 214,596 57,799 272,395
At 30 April 2023 220,896 41,764 262,660

Cost or valuation at 30 April 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2009 30,670 - 30,670
Cost 284,330 155,703 440,033
315,000 155,703 470,703

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 270,000
Revaluations (20,000 )
At 30 April 2024 250,000
NET BOOK VALUE
At 30 April 2024 250,000
At 30 April 2023 270,000

The director has assessed the fair value of the investment property based on the value of similar properties in the vicinity, taking into account the condition of the property.

7. STOCKS
30.4.24 30.4.23
£    £   
Stocks 105,065 221,284

Shellau Contracts Limited (Registered number: 04365260)

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

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 211,859 167,368
Other debtors 209,073 185,591
420,932 352,959

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 13,193 31,345
Trade creditors 86,583 203,079
Taxation and social security 115,950 34,368
Other creditors 117,571 148,587
333,297 417,379

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 6,387 17,570

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 1,531 19,980

The bank loans are secured by a fixed & floating charge over the company's assets.

12. OTHER FINANCIAL COMMITMENTS

As at the year end, the company had obligations totalling £465 (2023 : £2,324) under non-cancellable operating leases.