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COMPANY REGISTRATION NUMBER: 06654894
Sheridanglobal UK Limited
Filleted Unaudited Financial Statements
31 March 2025
Sheridanglobal UK Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
1,897
2,530
Current assets
Debtors
6
9,849
1,509
Cash at bank and in hand
15,787
14,205
--------
--------
25,636
15,714
Creditors: amounts falling due within one year
7
( 14,758)
( 6,781)
--------
--------
Net current assets
10,878
8,933
--------
--------
Total assets less current liabilities
12,775
11,463
--------
--------
Net assets
12,775
11,463
--------
--------
Sheridanglobal UK Limited
Statement of Financial Position (continued)
31 March 2025
2025
2024
Note
£
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
12,774
11,462
--------
--------
Shareholders funds
12,775
11,463
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 July 2025 , and are signed on behalf of the board by:
M A Kingdon
Director
Company registration number: 06654894
Sheridanglobal UK Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Kingfisher House, Hurstwood Grange, Hurstwood Lane, Haywards Heath, West Sussex, RH17 7QX.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and Machinery
-
25% reducing balance
Equipment
-
25% reducing balance
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
10,357
8,836
19,193
--------
-------
--------
Depreciation
At 1 April 2024
10,155
6,508
16,663
Charge for the year
51
582
633
--------
-------
--------
At 31 March 2025
10,206
7,090
17,296
--------
-------
--------
Carrying amount
At 31 March 2025
151
1,746
1,897
--------
-------
--------
At 31 March 2024
202
2,328
2,530
--------
-------
--------
6. Debtors
2025
2024
£
£
Trade debtors
8,658
Other debtors
1,191
1,509
-------
-------
9,849
1,509
-------
-------
7. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
5,035
1,148
Corporation tax
2,695
13
Social security and other taxes
6,578
5,170
Other creditors
450
450
--------
-------
14,758
6,781
--------
-------
8. Related party transactions
The company was under the control of its parent undertaking during the current period.
9. Controlling party
The company's parent undertaking is Sheridanglobal Group Limited, a company registered in the United Kingdom.