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04728152
Shacklefords Limited
Filleted Accounts
31 March 2025
Shacklefords Limited
Registered number: 04728152
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 4 700 300
Current assets
Debtors 5 8,876 14,687
Cash at bank and in hand 26,273 17,100
35,149 31,787
Creditors: amounts falling due within one year 6 (34,017) (31,028)
Net current assets 1,132 759
Net assets 1,832 1,059
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,732 959
Shareholders' funds 1,832 1,059
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 members have 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.
T D Shackleford
Director
Approved by the board on 21 April 2025
Shacklefords Limited
Notes to the Accounts
for the year ended 31 March 2025
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 from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Goodwill is amortised on a straight lne basis over 5 years.
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:
Computers 33% on a straight line basis
Fixtures, fittings, tools and equipment 15% on a straight line basis
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2024 24,805
At 31 March 2025 24,805
Amortisation
At 1 April 2024 24,805
At 31 March 2025 24,805
Net book value
At 31 March 2025 -
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 1,085
Additions 649
Disposals (479)
At 31 March 2025 1,255
Depreciation
At 1 April 2024 785
Charge for the year 249
On disposals (479)
At 31 March 2025 555
Net book value
At 31 March 2025 700
At 31 March 2024 300
5 Debtors 2025 2024
£ £
Trade debtors 6,168 12,642
Other debtors 2,708 2,045
8,876 14,687
6 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 2,168 182
Taxation and social security costs 14,637 16,476
Other creditors 17,212 14,370
34,017 31,028
7 Other financial commitments 2025 2024
£ £
Total future minimum payments under non-cancellable operating leases 2,250 2,250
8 Other information
Shacklefords Limited is a private company limited by shares and incorporated in England. Its registered office is:
6A Little Aston Lane
Little Aston
Sutton Coldfield
B74 3UF
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