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Sher Construction Limited

Registered Number
05865071
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

Sher Construction Limited
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

Danilet, Stefan

Company Secretary

DANILET, Anca

Registered Address

Grove House
2 Woodberry Grove
London
N12 0DR

Registered Number

05865071 (England and Wales)
Sher Construction Limited
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3145,84350,476
145,84350,476
Current assets
Stocks4254,390205,156
Debtors5857,155996,680
Cash at bank and on hand27,84429,399
1,139,3891,231,235
Creditors amounts falling due within one year6(123,158)(168,015)
Net current assets (liabilities)1,016,2311,063,220
Total assets less current liabilities1,162,0741,113,696
Creditors amounts falling due after one year7(94,165)(22,556)
Provisions for liabilities9(27,710)(9,590)
Net assets1,040,1991,081,550
Capital and reserves
Called up share capital100100
Profit and loss account1,040,0991,081,450
Shareholders' funds1,040,1991,081,550
The financial statements were approved and authorised for issue by the Director on 26 February 2025, and are signed on its behalf by:
Danilet, Stefan
Director
Registered Company No. 05865071
Sher Construction Limited
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
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).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Vehicles20
Office Equipment20
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 June 238,703147,0529,540165,295
Additions-113,056316113,372
At 31 May 248,703260,1089,856278,667
Depreciation and impairment
At 01 June 233,880104,2126,727114,819
Charge for year96516,45158918,005
At 31 May 244,845120,6637,316132,824
Net book value
At 31 May 243,858139,4452,540145,843
At 31 May 234,82342,8402,81350,476
4.Stocks

2024

2023

££
Finished goods254,390205,156
Total254,390205,156
5.Debtors: amounts due within one year

2024

2023

££
Other debtors857,155996,680
Total857,155996,680
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables23,15844,777
Bank borrowings and overdrafts10,0029,949
Taxation and social security32,81743,507
Finance lease and HP contracts-9,923
Other creditors57,18159,859
Total123,158168,015
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts12,50222,556
Other creditors81,663-
Total94,16522,556
8.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts81,663-
9.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)27,7109,590
Total27,7109,590