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REGISTERED NUMBER: 03417547 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SHERWOOD ALUMINIUM SYSTEMS LIMITED

SHERWOOD ALUMINIUM SYSTEMS LIMITED (REGISTERED NUMBER: 03417547)






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


SHERWOOD ALUMINIUM SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr M. C. Shirley
Mr D Stone



REGISTERED OFFICE: Sherwood House
Acorn Way
Mansfield
Nottinghamshire
NG18 3HD



REGISTERED NUMBER: 03417547 (England and Wales)



ACCOUNTANTS: Anderson & Co
18 Diamond Avenue
Kirkby in Ashfield
Nottinghamshire
NG17 7GR



BANKERS: National Westminster Plc
Sutton & Kirkby Branch
Portland Square
Sutton in Ashfield
Nottinghamshire
NG17 1BA

SHERWOOD ALUMINIUM SYSTEMS LIMITED (REGISTERED NUMBER: 03417547)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1,411 2,823
Tangible assets 5 766,871 784,609
768,282 787,432

CURRENT ASSETS
Stocks 29,058 4,200
Debtors 6 369,685 390,729
Cash at bank and in hand 1,631,405 1,459,805
2,030,148 1,854,734
CREDITORS
Amounts falling due within one year 7 484,174 467,591
NET CURRENT ASSETS 1,545,974 1,387,143
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,314,256

2,174,575

PROVISIONS FOR LIABILITIES 42,490 42,490
NET ASSETS 2,271,766 2,132,085

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 2,271,566 2,131,885
SHAREHOLDERS' FUNDS 2,271,766 2,132,085

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.

SHERWOOD ALUMINIUM SYSTEMS LIMITED (REGISTERED NUMBER: 03417547)

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 28 June 2025 and were signed on its behalf by:





Mr M. C. Shirley - Director


SHERWOOD ALUMINIUM SYSTEMS LIMITED (REGISTERED NUMBER: 03417547)

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

1. STATUTORY INFORMATION

Sherwood Aluminium Systems 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Office equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

SHERWOOD ALUMINIUM SYSTEMS LIMITED (REGISTERED NUMBER: 03417547)

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

2. ACCOUNTING POLICIES - continued

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.

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independantly administered fund. Contributions payable for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 11,435
AMORTISATION
At 1 October 2023 8,612
Charge for year 1,412
At 30 September 2024 10,024
NET BOOK VALUE
At 30 September 2024 1,411
At 30 September 2023 2,823

5. TANGIBLE FIXED ASSETS
Freehold Plant and Office Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 479,109 76,479 112,609 299,318 967,515
Additions - - - 23,042 23,042
Disposals - - - (31,631 ) (31,631 )
At 30 September 2024 479,109 76,479 112,609 290,729 958,926
DEPRECIATION
At 1 October 2023 - 58,979 79,609 44,318 182,906
Charge for year - 1,500 3,720 10,560 15,780
Eliminated on disposal - - - (6,631 ) (6,631 )
At 30 September 2024 - 60,479 83,329 48,247 192,055
NET BOOK VALUE
At 30 September 2024 479,109 16,000 29,280 242,482 766,871
At 30 September 2023 479,109 17,500 33,000 255,000 784,609

SHERWOOD ALUMINIUM SYSTEMS LIMITED (REGISTERED NUMBER: 03417547)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 323,838 265,060
Amount recoverable on contract 2,585 63,563
Value added tax 23,323 50,207
Prepayments 19,939 11,899
369,685 390,729

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 229,030 229,268
Other creditors - 22,464
Corporation tax 44,258 -
Pension Fund Account 3,298 4,155
PAYE and national insurance 16,968 21,950
Directors' current accounts 165,010 164,698
Accrued expenses 25,610 25,056
484,174 467,591

8. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M. C. Shirley.

The ultimate controlling party is Mr M. C. Shirley.