IRIS Accounts Production v24.3.0.553 10757709 director 1.6.23 31.5.24 31.5.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh107577092023-05-31107577092024-05-31107577092023-06-012024-05-31107577092022-05-31107577092022-06-012023-05-31107577092023-05-3110757709ns15:EnglandWales2023-06-012024-05-3110757709ns14:PoundSterling2023-06-012024-05-3110757709ns10:Director12023-06-012024-05-3110757709ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3110757709ns10:SmallEntities2023-06-012024-05-3110757709ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3110757709ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3110757709ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3110757709ns10:FullAccounts2023-06-012024-05-3110757709ns10:OrdinaryShareClass12023-06-012024-05-3110757709ns5:CurrentFinancialInstruments2024-05-3110757709ns5:CurrentFinancialInstruments2023-05-3110757709ns5:ShareCapital2024-05-3110757709ns5:ShareCapital2023-05-3110757709ns5:RetainedEarningsAccumulatedLosses2024-05-3110757709ns5:RetainedEarningsAccumulatedLosses2023-05-3110757709ns5:PlantMachinery2023-05-3110757709ns5:PlantMachinery2023-06-012024-05-3110757709ns5:PlantMachinery2024-05-3110757709ns5:PlantMachinery2023-05-3110757709ns10:OrdinaryShareClass12024-05-31
REGISTERED NUMBER: 10757709 (England and Wales)










SHUTTER UP YOUR PLACE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024






SHUTTER UP YOUR PLACE LTD (REGISTERED NUMBER: 10757709)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2 to 4


SHUTTER UP YOUR PLACE LTD (REGISTERED NUMBER: 10757709)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,584 12,778

CURRENT ASSETS
Cash at bank 17,953 13,518

CREDITORS
Amounts falling due within one year 5 12,398 15,937
NET CURRENT ASSETS/(LIABILITIES) 5,555 (2,419 )
TOTAL ASSETS LESS CURRENT LIABILITIES 15,139 10,359

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings 15,138 10,358
SHAREHOLDERS' FUNDS 15,139 10,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th November 2024 and were signed by:





C Walker - Director


SHUTTER UP YOUR PLACE LTD (REGISTERED NUMBER: 10757709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Shutter Up Your Place Limited is a company limited by shares incorporated in England and Wales. The address of the registered office if given in the company information on page 1 of these financial statements.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

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

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.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

When the outcome of the transaction can be estimated reliably, turnover from installing shutters is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work done.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery etc- 25% on cost
Motor vehicles- 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current and 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.

SHUTTER UP YOUR PLACE LTD (REGISTERED NUMBER: 10757709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023
and 31st May 2024 23,315
DEPRECIATION
At 1st June 2023 10,537
Charge for year 3,194
At 31st May 2024 13,731
NET BOOK VALUE
At 31st May 2024 9,584
At 31st May 2023 12,778

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 19
Taxation and social security 9,564 5,894
Other creditors 2,834 10,024
12,398 15,937

SHUTTER UP YOUR PLACE LTD (REGISTERED NUMBER: 10757709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1