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Registered number: 04678773

SHEEN DESIGNS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

SHEEN DESIGNS LIMITED

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Mr T W Taylor
Mrs W Taylor
SECRETARY
P K Manster
REGISTERED OFFICE
20 Westlands Way
Oxted
Surrey
RH8 0ND
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04678773
BANKERS
National Westminster Bank Plc
ACCOUNTANTS
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND

SHEEN DESIGNS LIMITED

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

SHEEN DESIGNS LIMITED

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3849,681858,362
CURRENT ASSETS
Stock31,90075,928
Debtors5115,565120,173
Cash at bank and in hand49,081115,603
196,546311,704
CREDITORS: Amounts falling due within one year6251,911401,383
NET CURRENT LIABILITIES(55,365)(89,679)
TOTAL ASSETS LESS CURRENT LIABILITIES794,316768,683
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account794,216768,583
SHAREHOLDERS' FUNDS794,316768,683
For the year ending 30/06/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 14/03/2025 and signed on their behalf by
.............................
Mr T W Taylor
Director

SHEEN DESIGNS LIMITED

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees-4

SHEEN DESIGNS LIMITED

3. TANGIBLE FIXED ASSETS
EquipmentMotor CarsTotal
£££
Cost
At 01/07/2023114,130824,489938,619
Additions7,918-7,918
At 30/06/2024122,048824,489946,537
Depreciation
At 01/07/202363,73116,52680,257
For the year14,5792,02016,599
At 30/06/202478,31018,54696,856
Net Book Amounts
At 30/06/202443,738805,943849,681
At 30/06/202350,399807,963858,362
4. STOCK 20242023
££
Stock comprises:
Work in progress31,90075,928
31,90075,928
5. DEBTORS 20242023
££
Amounts falling due within one year
VAT104,017100,790
Prepayments11,54811,255
Directors current account-8,128
115,565120,173

SHEEN DESIGNS LIMITED

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax1,3007,211
PAYE control11,3267,756
Directors current account1,822-
Payments received on account126,029295,302
Trade creditors7,29726,973
Other creditors32,31427,257
Accruals71,82336,884
251,911401,383
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100