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Company Registration No. 07380613 (England and Wales)
Dr Karen Shannon Associates Limited Unaudited accounts for the year ended 30 September 2024
Dr Karen Shannon Associates Limited Unaudited accounts Contents
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Dr Karen Shannon Associates Limited Company Information for the year ended 30 September 2024
Directors
Dr Karen Shannon Mr Alun Jones
Company Number
07380613 (England and Wales)
Registered Office
Cotton Exchange 16 Bixeth Street Liverpool L3 9LQ United Kingdom
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Dr Karen Shannon Associates Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,398 
3,284 
Current assets
Debtors
55,475 
53,227 
Cash at bank and in hand
56,486 
61,290 
111,961 
114,517 
Creditors: amounts falling due within one year
(31,692)
(23,797)
Net current assets
80,269 
90,720 
Net assets
82,667 
94,004 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
82,567 
93,904 
Shareholders' funds
82,667 
94,004 
For the year ending 30 September 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by
Dr Karen Shannon Director Company Registration No. 07380613
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Dr Karen Shannon Associates Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Dr Karen Shannon Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 07380613. The registered office is Cotton Exchange, 16 Bixeth Street, Liverpool, L3 9LQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
3 Years Straight Line
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
12,123 
1,201 
13,324 
Additions
127 
- 
127 
At 30 September 2024
12,250 
1,201 
13,451 
Depreciation
At 1 October 2023
9,736 
304 
10,040 
Charge for the year
612 
401 
1,013 
At 30 September 2024
10,348 
705 
11,053 
Net book value
At 30 September 2024
1,902 
496 
2,398 
At 30 September 2023
2,387 
897 
3,284 
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Dr Karen Shannon Associates Limited Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
55,075 
52,853 
Accrued income and prepayments
400 
374 
55,475 
53,227 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,292 
5,734 
Trade creditors
863 
7,142 
Taxes and social security
8,503 
5,447 
Other creditors
- 
2,880 
Loans from directors
11,289 
- 
Accruals
2,745 
2,594 
31,692 
23,797 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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