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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
Page
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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
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Hampshire Sheen Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,165 
22,707 
Current assets
Inventories
1,000 
1,000 
Debtors
6,757 
8,598 
Cash at bank and in hand
2,410 
10,785 
10,167 
20,383 
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)
Net assets
1,352 
1,818 
Capital and reserves
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
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Hampshire Sheen Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
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.
Going concern
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.
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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 
Additions
- 
- 
- 
458 
458 
At 31 October 2024
20,591 
9,918 
56 
3,974 
34,539 
Depreciation
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 
Net book value
At 31 October 2024
17,487 
3,371 
- 
307 
21,165 
At 31 October 2023
18,311 
4,396 
- 
- 
22,707 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
552 
Trade debtors
6,757 
8,046 
6,757 
8,598 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,240 
3,244 
VAT
816 
- 
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 
Accruals
1,341 
- 
21,605 
31,697 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
8,375 
9,575 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
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Hampshire Sheen Ltd Notes to the Accounts for the year ended 31 October 2024
9
Controlling party
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).
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