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Registered number: 7487950
A M Sheppard Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Cottage Computer Services Limited
FMAAT
The Cottage
55 Dysart Avenue
Drayton
Portsmouth
PO6 2LY
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 7487950
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 11,551 11,551
Tangible Assets 5 16,051 17,414
27,602 28,965
CURRENT ASSETS
Stocks 6 6,000 6,000
Debtors 7 2,470 2,289
Cash at bank and in hand 19,715 13,656
28,185 21,945
Creditors: Amounts Falling Due Within One Year 8 (43,543 ) (31,544 )
NET CURRENT ASSETS (LIABILITIES) (15,358 ) (9,599 )
TOTAL ASSETS LESS CURRENT LIABILITIES 12,244 19,366
NET ASSETS 12,244 19,366
CAPITAL AND RESERVES
Called up share capital 9 200 200
Profit and Loss Account 12,044 19,166
SHAREHOLDERS' FUNDS 12,244 19,366
For the year ending 31 March 2025 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 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Sheppard
Director
27/05/2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
A M Sheppard Ltd Registered number 7487950 is a limited by shares company incorporated in England & Wales. The Registered Office is The Cottage, 55 Dysart Avenue, Portsmouth, Hampshire, PO6 2LY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% per annum reducing balance method
Motor Vehicles 15% per annum reducing balance method
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.7. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2024: 5)
5 5
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 11,551
As at 31 March 2025 11,551
Net Book Value
As at 31 March 2025 11,551
As at 1 April 2024 11,551
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Page 3
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 April 2024 47,825 8,059 55,884
Additions 1,470 - 1,470
As at 31 March 2025 49,295 8,059 57,354
Depreciation
As at 1 April 2024 32,272 6,198 38,470
Provided during the period 2,554 279 2,833
As at 31 March 2025 34,826 6,477 41,303
Net Book Value
As at 31 March 2025 14,469 1,582 16,051
As at 1 April 2024 15,553 1,861 17,414
6. Stocks
2025 2024
£ £
Finished goods 6,000 6,000
7. Debtors
2025 2024
£ £
Due within one year
Other debtors 2,470 2,289
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 16,614 18,044
Accruals and deferred income 669 650
Directors' loan accounts 26,260 12,850
43,543 31,544
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
10. Dividends
2025 2024
£ £
On equity shares:
Final dividend paid 66,000 65,500
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Page 4
11. Ultimate Controlling Party
The company's ultimate controlling party is Andrew Sheppard by virtue of his ownership of the majority of the issued share capital in the company.
Page 4