SHEPPARD INNOVATIONS LTD

Company Registration Number:
11359039 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SHEPPARD INNOVATIONS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

SHEPPARD INNOVATIONS LTD

Company Information

for the Period Ended 31 May 2024




Director: Glyn Sheppard
Registered office: 55
Foston Avenue
Burton-On-Trent
Staffordshire
GBR
DE13 0PL
Company Registration Number: 11359039 (England and Wales)

SHEPPARD INNOVATIONS LTD

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

The company's principal activities during the period were bespoke engineering design and 3D scanning.

Directors

The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
Glyn Sheppard

This report was approved by the board of directors on 23 February 2025
And Signed On Behalf Of The Board By:

Name: Glyn Sheppard
Status: Director

SHEPPARD INNOVATIONS LTD

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 4,595 4,724
Total fixed assets: 4,595 4,724
Current assets
Debtors: 5 1,715 0
Cash at bank and in hand: 16,569 12,539
Total current assets: 18,284 12,539
Creditors: amounts falling due within one year: 6 ( 2,196 ) ( 0 )
Net current assets (liabilities): 16,088 12,539
Total assets less current liabilities: 20,683 17,263
Creditors: amounts falling due after more than one year: 7 ( 15,000 ) ( 15,000 )
Total net assets (liabilities): 5,683 2,263

The notes form part of these financial statements

SHEPPARD INNOVATIONS LTD

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 5,583 2,163
Shareholders funds: 5,683 2,263

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

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

This report was approved by the board of directors on 23 February 2025
And Signed On Behalf Of The Board By:

Name: Glyn Sheppard
Status: Director

The notes form part of these financial statements

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is recognised at the point at which there is reasonable certainty of it being received, e.g. a relevant milestone has been met.

    Tangible fixed assets depreciation policy

    Computing and scanning equipment is depreciated on a 5-year straight-line basis.

    Fixtures & fittings are depreciated on a 3-year straight-line basis.

    Other accounting policies

    The presentation of the financial statements is in GBP. Taxation: Taxation for the year consists of current tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or in equity. Current or 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 date of the Statement of Financial Position.

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

    The Company has no employees other than the Director, who did not receive any remuneration (2023: £NIL).

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Tangible Assets

Total
Cost £
At 01 June 2023 5,659
Additions 1,113
Disposals -
Revaluations -
Transfers -
At 31 May 2024 6,772
Depreciation
At 01 June 2023 935
Charge for year 1,242
On disposals -
Other adjustments -
At 31 May 2024 2,177
Net book value
At 31 May 2024 4,595
At 31 May 2023 4,724

Computing and scanning equipment is depreciated on a 5-year straight-line basis.

Fixtures & fittings are depreciated on a 3-year straight-line basis.

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 5. Debtors

    Current debtors relate to trade debtors.

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due within one year note

Current creditors relate to trade creditors, VAT payable and corporation tax payable.

SHEPPARD INNOVATIONS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

7. Creditors: amounts falling due after more than one year note

Non-current credit consists of interest-free loans provided by the Director and other private individuals.