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REGISTERED NUMBER: 06905317 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Shanard Ltd

Shanard Ltd (Registered number: 06905317)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shanard Ltd

Company Information
for the Year Ended 30 June 2024







Director: Mrs C W Ward





Registered office: Rockery Farm
Broadway
Bourn
Cambridgeshire
CB23 2TA





Registered number: 06905317 (England and Wales)





Accountants: Peter Reed Financial Services
Unit 8a
The Mount
High Street
Toft
Cambridgeshire
CB23 2RL

Shanard Ltd (Registered number: 06905317)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 2,000 2,000
Tangible assets 5 344,680 335,850
346,680 337,850

Current assets
Stocks 62,500 62,500
Debtors 6 272,163 255,951
Cash at bank 6,000 30,991
340,663 349,442
Creditors
Amounts falling due within one year 7 116,351 127,502
Net current assets 224,312 221,940
Total assets less current liabilities 570,992 559,790

Creditors
Amounts falling due after more than one
year

8

(493,701

)

(441,094

)

Provisions for liabilities - (48,098 )
Net assets 77,291 70,598

Capital and reserves
Called up share capital 50,000 50,000
Retained earnings 27,291 20,598
77,291 70,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Shanard Ltd (Registered number: 06905317)

Balance Sheet - continued
30 June 2024


The 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.

The financial statements were approved by the director and authorised for issue on 13 March 2025 and were signed by:





Mrs C W Ward - Director


Shanard Ltd (Registered number: 06905317)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Shanard Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

Shanard Ltd (Registered number: 06905317)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 2,000
NET BOOK VALUE
At 30 June 2024 2,000
At 30 June 2023 2,000

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 60,000 456,967 516,967
Additions 50,000 - 50,000
At 30 June 2024 110,000 456,967 566,967
DEPRECIATION
At 1 July 2023 - 181,117 181,117
Charge for year - 41,170 41,170
At 30 June 2024 - 222,287 222,287
NET BOOK VALUE
At 30 June 2024 110,000 234,680 344,680
At 30 June 2023 60,000 275,850 335,850

Cost or valuation at 30 June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 14,001 - 14,001
Cost 95,999 456,967 552,966
110,000 456,967 566,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 238,687 239,346
Other debtors 20,033 3,528
VAT 13,443 13,077
272,163 255,951

Shanard Ltd (Registered number: 06905317)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 22,139 25,439
Trade creditors 88,265 76,343
Social security and other taxes - 1,232
Other creditors 3,424 21,353
Accrued expenses 2,523 3,135
116,351 127,502

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans - 2-5 years 198,684 216,337
Other creditors 65,248 85,038
Directors' loan accounts 229,769 139,719
493,701 441,094