Registered number
06254786
Sheina Allan Limited
Filleted Accounts
31 May 2024
Sheina Allan Limited
Registered number: 06254786
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,006 3,246
Current assets
Debtors 4 2,836 173
Cash at bank and in hand 16,681 27,281
19,517 27,454
Creditors: amounts falling due within one year 5 (938) (6,510)
Net current assets 18,579 20,944
Total assets less current liabilities 21,585 24,190
Provisions for liabilities (580) (608)
Net assets 21,005 23,582
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,003 23,580
Shareholder's funds 21,005 23,582
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms S Allan
Director
Approved by the board on 25 February 2025
Sheina Allan Limited
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 15% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 June 2023 9,288
Additions 291
At 31 May 2024 9,579
Depreciation
At 1 June 2023 6,042
Charge for the year 531
At 31 May 2024 6,573
Net book value
At 31 May 2024 3,006
At 31 May 2023 3,246
4 Debtors 2024 2023
£ £
Director's account 2,693 -
Other taxes and social security 143 173
2,836 173
The overdrawn directors loan account was repaid on 9 October 2024.
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director's account - 802
Corporation tax - 4,770
Other creditors 938 938
938 6,510
6 Other information
Sheina Allan Limited is a private company limited by shares and incorporated in England. Its registered office is:
Outer Ground Floor Office
8 Paxton Terrace
Grosvenor Road
London
SW1V 3DA
Sheina Allan Limited 06254786 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 Ms S Allan No description of principal activity 06254786 2022-06-01 2023-05-31 06254786 core:WithinOneYear 2023-05-31 06254786 core:ShareCapital 2023-05-31 06254786 core:RetainedEarningsAccumulatedLosses 2023-05-31 06254786 2023-06-01 2024-05-31 06254786 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 06254786 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 06254786 bus:Director40 2023-06-01 2024-05-31 06254786 1 2023-06-01 2024-05-31 06254786 2 2023-06-01 2024-05-31 06254786 core:PlantMachinery 2023-06-01 2024-05-31 06254786 countries:England 2023-06-01 2024-05-31 06254786 bus:FRS102 2023-06-01 2024-05-31 06254786 bus:FilletedAccounts 2023-06-01 2024-05-31 06254786 2024-05-31 06254786 core:WithinOneYear 2024-05-31 06254786 core:ShareCapital 2024-05-31 06254786 core:RetainedEarningsAccumulatedLosses 2024-05-31 06254786 core:PlantMachinery 2024-05-31 06254786 2023-05-31 06254786 core:PlantMachinery 2023-05-31 iso4217:GBP xbrli:pure