1 June 2023 v2025.9.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP085362892023-06-012024-05-31085362892024-05-31085362892023-05-3108536289core:WithinOneYear2024-05-3108536289core:WithinOneYear2023-05-3108536289core:ShareCapital2024-05-3108536289core:ShareCapital2023-05-3108536289core:RetainedEarningsAccumulatedLosses2024-05-3108536289core:RetainedEarningsAccumulatedLosses2023-05-3108536289bus:Director12023-06-012024-05-3108536289bus:RegisteredOffice2023-06-012024-05-3108536289core:OfficeEquipment2023-06-012024-05-31085362892022-06-012023-05-3108536289core:PlantMachinery2024-05-310853628912023-06-012024-05-3108536289countries:EnglandWales2023-06-012024-05-3108536289bus:AuditExemptWithAccountantsReport2023-06-012024-05-3108536289bus:PrivateLimitedCompanyLtd2023-06-012024-05-3108536289bus:SmallEntities2023-06-012024-05-3108536289bus:FullAccounts2023-06-012024-05-31
Company registration number:
08536289
Shaket Technical Services Limited
Unaudited Filleted Financial Statements for the year ended
31 May 2024
Murtagh & Co Limited
36 Arden Close, Balsall Common, COVENTRY, West Midlands, CV7 7NY, United Kingdom
Shaket Technical Services Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Shaket Technical Services Limited
Year ended
31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Shaket Technical Services Limited
for the year ended
31 May 2024
which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Shaket Technical Services Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Shaket Technical Services Limited
and state those matters that we have agreed to state to the Board of Directors of
Shaket Technical Services Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Shaket Technical Services Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Shaket Technical Services 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 loss of
Shaket Technical Services Limited
. You consider that
Shaket Technical Services 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 Shaket Technical Services 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.
Murtagh & Co Limited
36 Arden Close
Balsall Common
COVENTRY
West Midlands
CV7 7NY
United Kingdom
Date:
23 January 2025
Shaket Technical Services Limited
Statement of Financial Position
31 May 2024
20242023
Note££
Current assets    
Debtors 6
745
 
542
 
Cash at bank and in hand
4,635
 
5,565
 
5,380
 
6,107
 
Creditors: amounts falling due within one year 7
(501
)
(535
)
Net current assets
4,879
 
5,572
 
Total assets less current liabilities 4,879   5,572  
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
4,779
 
5,472
 
Shareholders funds
4,879
 
5,572
 
For the year ending
31 May 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • 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;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
23 January 2025
, and are signed on behalf of the board by:
D Shaw
Director
Company registration number:
08536289
Shaket Technical Services Limited
Notes to the Financial Statements
Year ended
31 May 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
38 Gervase Drive
,
Dudley
,
West Midlands
,
DY1 4AT
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
33% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 June 2023
and
31 May 2024
108
 
Depreciation  
At
1 June 2023
and
31 May 2024
108
 
Carrying amount  
At
31 May 2024
-  
At 31 May 2023 -  

6 Debtors

20242023
££
Other debtors
745
 
542
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
21
  -  
Other creditors
480
 
535
 
501
 
535