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REGISTERED NUMBER: 08149914 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SHEPHERD HILLS FURNITURE LIMITED

SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

SHEPHERD HILLS FURNITURE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: E Martin
K Witmer
L H Witmer
J A Martin





SECRETARY: K Witmer





REGISTERED OFFICE: 44 Shrewsbury Road
Craven Arms
Shropshire
SY7 9PY





REGISTERED NUMBER: 08149914 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD

SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 130,574 86,516

CURRENT ASSETS
Stocks 272,797 274,899
Debtors 6 72,364 33,094
Cash at bank and in hand 99,916 14,430
445,077 322,423
CREDITORS
Amounts falling due within one year 7 342,096 251,454
NET CURRENT ASSETS 102,981 70,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,555

157,485

CREDITORS
Amounts falling due after more than one
year

8

(97,464

)

(38,139

)

PROVISIONS FOR LIABILITIES (1,085 ) -
NET ASSETS 135,006 119,346

CAPITAL AND RESERVES
Called up share capital 100 2
Retained earnings 134,906 119,344
SHAREHOLDERS' FUNDS 135,006 119,346

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





K Witmer - Director


SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Shepherd Hills Furniture Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention. The accounts are prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 33% on cost, 20% on cost and 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 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 the timing difference.

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.

SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grants are credited to the profit and loss account when received.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 14 ) .

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 65,054 181,396 35,495
Additions 5,057 45,525 3,410
Disposals - (14,405 ) -
At 30 September 2024 70,111 212,516 38,905
DEPRECIATION
At 1 October 2023 40,697 131,095 24,837
Charge for year 7,617 18,587 709
Eliminated on disposal - (14,405 ) -
At 30 September 2024 48,314 135,277 25,546
NET BOOK VALUE
At 30 September 2024 21,797 77,239 13,359
At 30 September 2023 24,357 50,301 10,658

SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 11,495 9,293 302,733
Additions 18,814 - 72,806
Disposals (8,495 ) - (22,900 )
At 30 September 2024 21,814 9,293 352,639
DEPRECIATION
At 1 October 2023 10,295 9,293 216,217
Charge for year 1,835 - 28,748
Eliminated on disposal (8,495 ) - (22,900 )
At 30 September 2024 3,635 9,293 222,065
NET BOOK VALUE
At 30 September 2024 18,179 - 130,574
At 30 September 2023 1,200 - 86,516

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 43,027 26,390
Other debtors 24,254 3,400
VAT - 471
Prepayments 5,083 2,833
72,364 33,094

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other loans 176,500 119,425
Trade creditors 24,369 20,756
VAT 17,988 -
Other creditors 93,635 70,967
Accrued expenses 29,604 40,306
342,096 251,454

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Directors' loan accounts 97,464 38,139

SHEPHERD HILLS FURNITURE LIMITED (REGISTERED NUMBER: 08149914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 33,000 27,000
Between one and five years 105,000 108,000
138,000 135,000

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHEPHERD HILLS FURNITURE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shepherd Hills Furniture Limited for the year ended 30 September 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shepherd Hills Furniture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shepherd Hills Furniture Limited and state those matters that we have agreed to state to the Board of Directors of Shepherd Hills Furniture Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shepherd Hills Furniture Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shepherd Hills Furniture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shepherd Hills Furniture Limited. You consider that Shepherd Hills Furniture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shepherd Hills Furniture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
Number 5
The Business Quarter
Eco Park Road
Ludlow
Shropshire
SY8 1FD


26 May 2025