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Logo On Report
Registered Number: 14902839
England and Wales

 

 

 

SHELT LIMITED


Abridged Accounts
 


Period of accounts

Start date: 30 May 2023

End date: 31 May 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Shelt Limited for the 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 accounts of Shelt Limited for the year ended 31 May 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of Shelt Limited , as a body, in accordance with the terms of our engagement letter dated 25 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Shelt Limited and state those matters that we have agreed to state to the Board of Directors of Shelt 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 Shelt Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Shelt Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shelt Limited . You consider that Shelt 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 accounts of Shelt 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 accounts
31 May 2024



....................................................

Kendall Accountancy Services Limited

2 Exeter Street
Cottingham
HU16 4LU
25 February 2025
1
 
 
Notes
 
2024
£
Fixed assets    
Tangible fixed assets 3 15,960 
15,960 
Current assets    
Cash at bank and in hand 138 
Creditors: amount falling due within one year (21,405)
Net current assets (21,267)
 
Total assets less current liabilities (5,307)
Net assets (5,307)
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account (5,407)
Shareholders' funds (5,307)
 


For the period ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 25 February 2025 and were signed by:


-------------------------------
Adam Shelton
Director
2
General Information
Shelt Limited is a private company, limited by shares, registered in England and Wales, registration number 14902839, registration address 2 Exeter Street, Cottingham, East Riding Of Yorkshire, HU16 4LU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Computer Equipment 25% Straight Line
Motor Vehicles 20% Reducing Balance
2.

Average number of employees


Average number of employees during the period was 1.
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 30 May 2023    
Additions 18,845    287    19,132 
Disposals    
At 31 May 2024 18,845    287    19,132 
Depreciation
At 30 May 2023    
Charge for period 3,100    72    3,172 
On disposals    
At 31 May 2024 3,100    72    3,172 
Net book values
Closing balance as at 31 May 2024 15,745    215    15,960 
Opening balance as at 30 May 2023    


3