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REGISTERED NUMBER: 06002685 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

SHANNON VALE PLANT SALES LIMITED

SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SHANNON VALE PLANT SALES LIMITED

COMPANY INFORMATION
for the Year Ended 30 NOVEMBER 2024







DIRECTORS: Miss F Gill
Mr N Scoon





REGISTERED OFFICE: 260 - 270
Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL





BUSINESS ADDRESS: 67 The Belfry
Luton
Beds
LU2 7GA





REGISTERED NUMBER: 06002685 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 60,080 26,870

CURRENT ASSETS
Stocks 6 289,831 520,526
Debtors 7 35,851 39,903
Cash at bank and in hand 571,073 338,820
896,755 899,249
CREDITORS
Amounts falling due within one year 8 303,498 362,240
NET CURRENT ASSETS 593,257 537,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

653,337

563,879

CREDITORS
Amounts falling due after more than one
year

9

(30,780

)

-

PROVISIONS FOR LIABILITIES (15,021 ) (6,718 )
NET ASSETS 607,536 557,161

CAPITAL AND RESERVES
Called up share capital 12 267 267
Capital redemption reserve 133 133
Retained earnings 607,136 556,761
SHAREHOLDERS' FUNDS 607,536 557,161

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2025 and were signed on its behalf by:





Miss F Gill - Director


SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 NOVEMBER 2024

1. STATUTORY INFORMATION

Shannon Vale Plant Sales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going Concern
The directors have considered the financial health of the company and are confident that, at the date of signing, the company will continue as a going concern for the foreseeable future.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2024

3. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 December 2023 44,756 3,114 47,870
Additions 69,576 1,945 71,521
Disposals (32,500 ) (115 ) (32,615 )
At 30 November 2024 81,832 4,944 86,776
DEPRECIATION
At 1 December 2023 19,975 1,025 21,000
Charge for year 19,019 1,008 20,027
Eliminated on disposal (14,219 ) (112 ) (14,331 )
At 30 November 2024 24,775 1,921 26,696
NET BOOK VALUE
At 30 November 2024 57,057 3,023 60,080
At 30 November 2023 24,781 2,089 26,870

SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 December 2023 32,500
Additions 58,004
Transfer to ownership (32,500 )
At 30 November 2024 58,004
DEPRECIATION
At 1 December 2023 14,219
Charge for year 14,501
Transfer to ownership (14,219 )
At 30 November 2024 14,501
NET BOOK VALUE
At 30 November 2024 43,503
At 30 November 2023 18,281

6. STOCKS
2024 2023
£    £   
Stocks 289,831 520,526

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,199 27,600
VAT 22,236 6,006
Prepayments and accrued income 8,416 6,297
35,851 39,903

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 14,876 1,434
Trade creditors 32,860 54,482
Corporation tax 30,971 57,854
Taxation and social security 51 634
Directors' current accounts 222,140 238,208
Accruals and deferred income 2,600 9,628
303,498 362,240

SHANNON VALE PLANT SALES LIMITED (REGISTERED NUMBER: 06002685)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 NOVEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 10) 30,780 -

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 14,876 1,434
Between one and five years 30,780 -
45,656 1,434

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,500 1,550

11. SECURED DEBTS

National Westminster Bank PLC holds a fixed and floating charge over the undertaking and all property and assets present and future.

The company has entered into a hire purchase agreement for plant and machinery. The liability is secured against the asset subject to the hire purchase agreement.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
67 Ordinary £1 67 67
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
267 267

Ordinary shares have voting rights and rights to dividends.

Ordinary A and B shares have rights to dividends.

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Miss F Gill.