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REGISTERED NUMBER: 04005000 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2024

FOR

SHERWOOD TECHNICAL SERVICES LIMITED

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHERWOOD TECHNICAL SERVICES LIMITED

COMPANY INFORMATION
for the Year Ended 31st May 2024







DIRECTOR: T J Brett





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 04005000 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

BALANCE SHEET
31st May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 490 578

CURRENT ASSETS
Debtors 5 3,949 14,460
Cash at bank - 4,572
3,949 19,032
CREDITORS
Amounts falling due within one year 6 21,857 26,068
NET CURRENT LIABILITIES (17,908 ) (7,036 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(17,418

)

(6,458

)

CREDITORS
Amounts falling due after more than one year 7 500 5,200
NET LIABILITIES (17,918 ) (11,658 )

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (17,920 ) (11,660 )
SHAREHOLDERS' FUNDS (17,918 ) (11,658 )

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.

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

BALANCE SHEET - continued
31st May 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th February 2025 and were signed by:





T J Brett - Director


SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st May 2024

1. STATUTORY INFORMATION

Sherwood Technical Services 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st June 2023
and 31st May 2024 6,373 2,044 4,810 13,227
DEPRECIATION
At 1st June 2023 5,890 1,961 4,798 12,649
Charge for year 72 12 4 88
At 31st May 2024 5,962 1,973 4,802 12,737
NET BOOK VALUE
At 31st May 2024 411 71 8 490
At 31st May 2023 483 83 12 578

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors 3,949 14,460

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans and overdrafts 11,959 2,400
Trade creditors 3,331 2,031
Social security and other taxes 4,967 2,432
Directors' current accounts - 17,660
Accrued expenses 1,600 1,545
21,857 26,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/5/24 31/5/23
£    £   
Bank loans - 1-2 years 500 2,400
Bank loans - 2-5 years - 2,800
500 5,200

SHERWOOD TECHNICAL SERVICES LIMITED (REGISTERED NUMBER: 04005000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/24 31/5/23
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

During the year the company carried out work for the director, Mr T J Brett, with a sales value of £56,524 (2023 - £37,467). This work was charged at market value.

10. ULTIMATE CONTROLLING PARTY

Mr T J Brett owns 100% of the issued share capital of the company.