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Registration number: 11486525

Shellcore Build Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024

 

Shellcore Build Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 6

 

Shellcore Build Limited

(Registration number: 11486525)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

22,693

3,815

Current assets

 

Debtors

5

89,325

76,047

Cash at bank and in hand

 

80,652

32,392

 

169,977

108,439

Creditors: Amounts falling due within one year

6

(178,631)

(98,384)

Net current (liabilities)/assets

 

(8,654)

10,055

Total assets less current liabilities

 

14,039

13,870

Creditors: Amounts falling due after more than one year

6

(7,011)

(11,945)

Provisions for liabilities

(5,560)

(725)

Net assets

 

1,468

1,200

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,368

1,100

Shareholders' funds

 

1,468

1,200

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 January 2025
 

.........................................
Mr S Shallcross
Director

 

Shellcore Build Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Shellcore Build Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

straight line over 3 years

Motor vehicles

20% reducing balance

Plant and machinery

25% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Shellcore Build Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Computer equipment
 £

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 August 2023

1,167

-

9,335

10,502

Additions

-

22,990

2,084

25,074

At 31 July 2024

1,167

22,990

11,419

35,576

Depreciation

At 1 August 2023

678

-

6,009

6,687

Charge for the year

245

4,598

1,353

6,196

At 31 July 2024

923

4,598

7,362

12,883

Carrying amount

At 31 July 2024

244

18,392

4,057

22,693

At 31 July 2023

489

-

3,326

3,815

5

Debtors

2024
£

2023
£

Trade debtors

21,215

8,253

Other debtors

68,110

67,794

 

89,325

76,047

 

Shellcore Build Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

11,205

6,010

Trade creditors

 

17,179

54,639

Taxation and social security

 

10,879

5,080

Other creditors

 

139,368

32,655

 

178,631

98,384

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

7,011

11,945

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank loan

6,161

6,010

Hire purchase

5,044

-

11,205

6,010

Non-current loans and borrowings

2024
£

2023
£

Bank loan

5,787

11,945

Hire purchase

1,224

-

7,011

11,945

 

Shellcore Build Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

8

Related party transactions

Other transactions with the director

During the year, advances were made to the director in the sum of £14,568 and repayments were made in the sum of £14,739. At the year end, the director owed the company the amount of £67,622 (2023: £67,793) and this amount is included in other debtors. The loan was interest free and repayable on demand.