Company registration number 11184204 (England and Wales)
SHIELD EXTERIORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
SHIELD EXTERIORS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SHIELD EXTERIORS LIMITED (REGISTERED NUMBER: 11184204)
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
22,901
-
0
Current assets
Stocks
3,000
-
Debtors
4
12,151
100
Cash at bank and in hand
78,427
-
0
93,578
100
Creditors: amounts falling due within one year
5
(95,228)
-
0
Net current (liabilities)/assets
(1,650)
100
Net assets
21,251
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
21,151
-
0
Total equity
21,251
100

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 6 February 2025
Mr M Perry
Director
SHIELD EXTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

Shield Exteriors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3-4 Owlsbury Depot, Hadlow Down Road, Crowborough, East Sussex, TN6 3RG.

1.1
Reporting period

The company began trading on 1 April 2023, the accounts represent 12 months of trading.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents invoices sales for goods and services net of VAT and trade discounts.

 

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

 

 

 

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% reducing balance
Fixtures and fittings
25% reducing balance
Computers
33% straight line
Motor vehicles
25% reducing balance
SHIELD EXTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 3 -

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the Year was:

2024
2023
Number
Number
Total
6
1
SHIELD EXTERIORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2023
-
0
-
0
-
0
-
0
-
0
Additions
5,935
6,180
911
17,464
30,490
At 31 March 2024
5,935
6,180
911
17,464
30,490
Depreciation and impairment
At 1 April 2023
-
0
-
0
-
0
-
0
-
0
Depreciation charged in the Year
1,471
1,526
226
4,366
7,589
At 31 March 2024
1,471
1,526
226
4,366
7,589
Carrying amount
At 31 March 2024
4,464
4,654
685
13,098
22,901
At 31 March 2023
-
0
-
0
-
0
-
0
-
0
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,628
-
0
Other debtors
523
100
12,151
100
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
35,300
-
0
Taxation and social security
27,845
-
0
Other creditors
32,083
-
0
95,228
-
0
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