2023-08-01 10302519 2024-07-31 10302519 2023-08-01 2024-07-31 10302519 2023-07-31 10302519 2022-08-01 2023-07-31 10302519 uk-core:WithinOneYear 2023-07-31 10302519 uk-core:WithinOneYear 2024-07-31 10302519 uk-core:AfterOneYear 2023-07-31 10302519 uk-core:AfterOneYear 2024-07-31 10302519 uk-core:ShareCapital 2024-07-31 10302519 uk-core:ShareCapital 2023-07-31 10302519 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 10302519 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 10302519 uk-bus:Director1 2023-08-01 2024-07-31 10302519 uk-core:PlantMachinery 2023-08-01 2024-07-31 10302519 uk-core:OfficeEquipment 2023-08-01 2024-07-31 10302519 uk-core:MotorVehicles 2023-08-01 2024-07-31 10302519 uk-core:OfficeEquipment 2023-07-31 10302519 uk-core:MotorVehicles 2023-07-31 10302519 uk-core:PlantMachinery 2023-07-31 10302519 uk-core:PlantMachinery 2024-07-31 10302519 uk-core:MotorVehicles 2024-07-31 10302519 uk-core:OfficeEquipment 2024-07-31 10302519 uk-core:WithinOneYear 2024-07-31 10302519 uk-core:WithinOneYear 2023-07-31 10302519 uk-core:AfterOneYear uk-core:Secured 2024-07-31 10302519 uk-core:AfterOneYear uk-core:Secured 2023-07-31 iso4217:GBP xbrli:pure 10302519 uk-bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10302519 uk-bus:FRS102 2023-08-01 2024-07-31 10302519 uk-bus:FilletedAccounts 2023-08-01 2024-07-31 10302519 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31
Shop Displays Ltd
Registered Number:10302519
For the year ended 31 July 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2024
Shop Displays Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
3
Registered Number :
10302519
As at 31 July 2024
Shop Displays Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
18,702
22,569
2
18,702
22,569
Current assets
Trade and other receivables
35,401
48,071
3
61,673
Cash and cash equivalents
68,941
117,012
97,074
Trade and other payables: amounts falling due within one
year
(92,321)
(123,600)
4
4,753
(6,588)
Net current liabilities
Total assets less current liabilities
12,114
27,322
Trade and other payables: amounts falling due after more
than one year
(21,257)
(8,333)
5
(3,100)
(3,700)
Provisions for liabilities
681
Net assets
2,365
Capital and reserves
Called up share capital
100
100
Retained earnings
581
2,265
681
2,365
Shareholders' funds
For the year ended 31 July 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
10302519
For the year ended 31 July 2024
Shop Displays Ltd
Statement of Financial Position Continued
Mr R.A. Jenkinson Director
These financial statements were approved and authorised for issue by the Board on 29 April 2025 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 July 2024
Shop Displays Ltd
Notes to the Financial Statements
Statutory Information
Shop Displays Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 10302519.
Registered address:
Omega Court
368 Cemetery Road
Sheffield
S11 8FT
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and
the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Turnover is recognised on the completion of each large contract assignment or small job, in accordance with the contract terms.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
20% Reducing balance
Office Equipment
25% Reducing balance
Motor Vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Income on work in progress contracts is recognised by reference to the valuation of time spent on each contract, at the year end. Profit on work in progress contracts is recognised when the outcome of the contracts can be assessed with reasonable certainty, and is that amount which is estimated to fairly reflect the profit arising up to the year end. Profit on work in progress contracts is reflected in the profit and loss account as the difference between the reported turnover, and the related costs.
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For the year ended 31 July 2024
Shop Displays Ltd
Notes to the Financial Statements Continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the 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 timing differences. 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 future profits.
2. Property, plant and equipment
Total
Office
Equipment
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 August 2023
58,490
2,137
49,690
6,663
1,607
-
-
1,607
Additions
At 31 July 2024
8,270
49,690
2,137
60,097
Provision for depreciation and impairment
At 01 August 2023
35,921
1,364
31,611
2,946
Charge for year
5,474
155
4,520
799
At 31 July 2024
41,395
1,519
36,131
3,745
At 31 July 2024
Net book value
4,525
13,559
618
18,702
At 31 July 2023
3,717
18,079
773
22,569
3. Trade and other receivables
2023
2024
£
£
Trade debtors
48,071
401
Other debtors
-
35,000
35,401
48,071
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For the year ended 31 July 2024
Shop Displays Ltd
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
10,000
10,000
Trade creditors
50,457
19,116
Taxation and social security
40,980
57,339
Other creditors
22,163
5,866
123,600
92,321
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
8,333
18,333
Other creditors
-
2,924
8,333
21,257
6. Related party transactions
The director is also a shareholder of the company. Dividends paid to Mr R.A. Jenkinson, as director and
shareholder of the company, during the year (with the previous year shown in brackets) were £50,500
(£104,000).
The company is under the sole control of its director, Mr R.A. Jenkinson.
7. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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