Company Registration No. 9817729 (England and Wales)
Hampshire Sheen Ltd
Unaudited accounts
for the year ended 31 October 2024
Hampshire Sheen Ltd
Unaudited accounts
Contents
Hampshire Sheen Ltd
Company Information
for the year ended 31 October 2024
Directors
Mr M Saban-Smith
Mrs N Saban-Smith
Company Number
9817729 (England and Wales)
Registered Office
Garthowen
Alton Lane
FourMarks, Alton
Hampshire
GU34 5AJ
Accountants
Clare Weeks Accounting
18 Drift Road
Wallington
Fareham
Hampshire
PO16 8SY
Hampshire Sheen Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
21,165
22,707
Cash at bank and in hand
2,410
10,785
Creditors: amounts falling due within one year
(21,605)
(31,697)
Net current liabilities
(11,438)
(11,314)
Total assets less current liabilities
9,727
11,393
Creditors: amounts falling due after more than one year
(8,375)
(9,575)
Called up share capital
1
1
Profit and loss account
1,351
1,817
Shareholders' funds
1,352
1,818
For the year ending 31 October 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by
Mr M Saban-Smith
Director
Company Registration No. 9817729
Hampshire Sheen Ltd
Notes to the Accounts
for the year ended 31 October 2024
Hampshire Sheen Ltd is a private company, limited by shares, registered in England and Wales, registration number 9817729. The registered office is Garthowen, Alton Lane, FourMarks, Alton, Hampshire, GU34 5AJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% on a straight line basis
Plant & machinery
20% on a straight line basis
Fixtures & fittings
33% on a straight line basis
Computer equipment
33% on a straight line basis
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
The Directors consider the going concern basis of accounting is appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.
Hampshire Sheen Ltd
Notes to the Accounts
for the year ended 31 October 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2023
20,591
9,918
56
3,516
34,081
At 31 October 2024
20,591
9,918
56
3,974
34,539
At 1 November 2023
2,280
5,522
56
3,516
11,374
Charge for the year
824
1,025
-
151
2,000
At 31 October 2024
3,104
6,547
56
3,667
13,374
At 31 October 2024
17,487
3,371
-
307
21,165
At 31 October 2023
18,311
4,396
-
-
22,707
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,240
3,244
Trade creditors
1,094
9,139
Taxes and social security
8,862
8,384
Other creditors
4,300
10,550
Loans from directors
1,952
380
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Hampshire Sheen Ltd
Notes to the Accounts
for the year ended 31 October 2024
The director is the sole shareholder and therefore the controlling party.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).