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Company registration number: 03041035







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 SEPTEMBER 2024


SHORTLANDS (PLASTERING & DRY LINING) LIMITED






































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SHORTLANDS (PLASTERING & DRY LINING) LIMITED
 


 
COMPANY INFORMATION


Director
B I Mardell 




Registered number
03041035



Registered office
Landell House
46 Basils Road

Stevenage

Hertfordshire

SG1 3PX




Accountants
Menzies LLP
Chartered Accountants

Richmond House

Walkern Road

Stevenage

SG1 3QP





 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6

 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
REGISTERED NUMBER:03041035



STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
11,208
15,787

  
11,208
15,787

Current assets
  

Stocks
  
118,528
265,090

Debtors: amounts falling due within one year
 4 
188,781
487,097

Cash at bank and in hand
  
1,701,847
1,521,015

  
2,009,156
2,273,202

Creditors: amounts falling due within one year
 5 
(539,307)
(1,048,684)

Net current assets
  
 
 
1,469,849
 
 
1,224,518

Total assets less current liabilities
  
1,481,057
1,240,305

  

Net assets
  
1,481,057
1,240,305


Capital and reserves
  

Called up share capital 
  
100
100

Capital redemption reserve
  
400
400

Profit and loss account
  
1,480,557
1,239,805

  
1,481,057
1,240,305


Page 1

 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
REGISTERED NUMBER:03041035


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
B I Mardell
Director

Date: 16 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
1.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
1.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.Accounting policies (continued)

 
1.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
1.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.7

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Page 4

 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.


Employees

The average monthly number of employees, including directors, during the year was 6 (2023 - 8).


3.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 October 2023
41,034
42,392
83,426


Disposals
(7,549)
-
(7,549)



At 30 September 2024

33,485
42,392
75,877



Depreciation


At 1 October 2023
27,727
39,912
67,639


Charge for the year on owned assets
3,075
496
3,571


Disposals
(6,541)
-
(6,541)



At 30 September 2024

24,261
40,408
64,669



Net book value



At 30 September 2024
9,224
1,984
11,208



At 30 September 2023
13,307
2,480
15,787


4.


Debtors

2024
2023
£
£


Trade debtors
91,050
348,486

Amounts owed by connected undertakings
15,162
39,162

Other debtors
79,820
96,592

Prepayments and accrued income
2,749
2,857

188,781
487,097


Page 5

 


SHORTLANDS (PLASTERING & DRY LINING) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
212,067
250,071

Corporation tax
184,806
244,730

Other taxation and social security
22,730
22,620

Other creditors
74,191
284,723

Accruals and deferred income
45,513
246,540

539,307
1,048,684



6.


Related party transactions

Included within debtors amounts falling due within one year is an amount of £15,162 (2023: £39,162) due from a connected undertaking. This amount is free of interest.

 
Page 6