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Registered Number: 11575127
England and Wales

 

 

 

SHEARSTUD SUPPLIES LTD



Abridged Accounts
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SHEARSTUD SUPPLIES LTD for the year ended 30 September 2024.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHEARSTUD SUPPLIES LTD for the year ended 30 September 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of SHEARSTUD SUPPLIES LTD , as a body, in accordance with the terms of our engagement letter dated 20 June 2025. Our work has been undertaken solely to prepare for your approval the accounts of SHEARSTUD SUPPLIES LTD and state those matters that we have agreed to state to the Board of Directors of SHEARSTUD SUPPLIES LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SHEARSTUD SUPPLIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SHEARSTUD SUPPLIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SHEARSTUD SUPPLIES LTD . You consider that SHEARSTUD SUPPLIES LTD 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 accounts of SHEARSTUD SUPPLIES LTD . 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 accounts
30 September 2024.



....................................................
SRB Accountancy Limited
The Lower Stables
Main Street, Sudbury
Ashbourne
Derbyshire
DE6 5HT
20 June 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 26,143    32,633 
26,143    32,633 
Current assets      
Stocks 61,968    31,961 
Debtors 54,135    67,227 
Cash at bank and in hand 4,546    23,294 
120,649    122,482 
Creditors: amount falling due within one year (39,525)   (27,129)
Net current assets 81,124    95,353 
 
Total assets less current liabilities 107,267    127,986 
Creditors: amount falling due after more than one year (23,100)   (27,607)
Net assets 84,167    100,379 
 

Capital and reserves
     
Called up share capital 1    1 
Profit and loss account 84,166    100,378 
Shareholders' funds 84,167    100,379 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 June 2025 and were signed by:


-------------------------------
Jo-Anne Yeomans
Director
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General Information
SHEARSTUD SUPPLIES LTD is a private company, limited by shares, registered in England and Wales, registration number 11575127, registration address The Lower Stables, Main Street, Sudbury, Ashbourne, Derbyshire, DE6 5HT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, 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% Straight Line
Motor Vehicles 25% Straight Line
Stocks
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.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 October 2023 13,310    34,345    1,207    1,170    50,032 
Additions       1,074    1,074 
Disposals        
At 30 September 2024 13,310    34,345    1,207    2,244    51,106 
Depreciation
At 01 October 2023 3,837    12,646    526    390    17,399 
Charge for year 1,421    5,424    102    617    7,564 
On disposals        
At 30 September 2024 5,258    18,070    628    1,007    24,963 
Net book values
Closing balance as at 30 September 2024 8,052    16,275    579    1,237    26,143 
Opening balance as at 01 October 2023 9,473    21,699    681    780    32,633 


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