Registered number
10047146
Shirleys Removals Ltd
Filleted Accounts
30 April 2024
Shirleys Removals Ltd
Registered number: 10047146
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 22,384 29,445
Current assets
Stocks 1,240 6,580
Debtors 4 2,585 2,840
Cash at bank and in hand 21,249 25,585
25,074 35,005
Creditors: amounts falling due within one year 5 (25,483) (26,148)
Net current (liabilities)/assets (409) 8,857
Total assets less current liabilities 21,975 38,302
Creditors: amounts falling due after more than one year 6 (15,951) (38,778)
Net assets/(liabilities) 6,024 (476)
Capital and reserves
Called up share capital 100 100
Profit and loss account 5,924 (576)
Shareholders' funds 6,024 (476)
The directors are 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 directors acknowledge their 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.
M Boato
Director
Approved by the board on 28 April 2025
Shirleys Removals Ltd
Notes to the Accounts
for the year ended 30 April 2024
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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:
Commercial vehicles 25% reducing balance
Plant and machinery 25% reducing balance
Equipment 25% reducing balance
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.
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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 May 2023 3,777 44,994 48,771
Additions 400 - 400
At 30 April 2024 4,177 44,994 49,171
Depreciation
At 1 May 2023 2,640 16,686 19,326
Charge for the year 384 7,077 7,461
At 30 April 2024 3,024 23,763 26,787
Net book value
At 30 April 2024 1,153 21,231 22,384
At 30 April 2023 1,137 28,308 29,445
4 Debtors 2024 2023
£ £
Trade debtors 1,773 2,840
Other debtors 812 -
2,585 2,840
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 6,571 -
Trade creditors 591 14,623
Directors loan 1,919 964
Taxation and social security costs 10,211 -
Accruals 1,820 1,200
Other creditors 4,371 9,361
25,483 26,148
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,951 29,028
Other creditors - 9,750
15,951 38,778
7 Other information
Shirleys Removals Ltd is a private company limited by shares and incorporated in England. Its registered office is:
20-22 Wenlock Road
London
N1 7GU
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