Registered number
06960180
11 Shrubs Limited
Filleted Accounts
31 July 2024
11 Shrubs Limited
Registered number: 06960180
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 575 1,835
Current assets
Stocks 801 3,300
Debtors 5 - 112
Cash at bank and in hand 18,924 8,689
19,725 12,101
Creditors: amounts falling due within one year 6 (7,106) (1,743)
Net current assets 12,619 10,358
Net assets 13,194 12,193
Capital and reserves
Called up share capital 100 100
Profit and loss account 13,094 12,093
Shareholder's funds 13,194 12,193
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 his 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.
J Smith
Director
Approved by the board on 6 January 2025
11 Shrubs Limited
Notes to the Accounts
for the year ended 31 July 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
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 over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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. Current tax liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 August 2023 458
At 31 July 2024 458
Amortisation
At 1 August 2023 458
At 31 July 2024 458
Net book value
At 31 July 2024 -
Trademark costs are being written off in equal annual instalments over its estimated economic life of 2 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 5,663
At 31 July 2024 5,663
Depreciation
At 1 August 2023 3,828
Charge for the year 1,260
At 31 July 2024 5,088
Net book value
At 31 July 2024 575
At 31 July 2023 1,835
5 Debtors 2024 2023
£ £
Other debtors - 112
6 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 7,106 1,743
7 Controlling party
The company is controlled by J Smith by virtue of his controlling shareholding in the company.
8 Other information
11 Shrubs Limited is a private company limited by shares and incorporated in England. Its registered office is:
19 Ascot Close
Lichfield
WS14 9XX
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