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REGISTERED NUMBER: 01744293 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Sheermain Limited

Sheermain Limited (Registered number: 01744293)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Certified Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Sheermain Limited

Company Information
for the Year Ended 31 October 2024







DIRECTOR: Ms A Miksiene





REGISTERED OFFICE: 94 London Road
Headington
Oxford
Oxfordshire
OX3 9FN





REGISTERED NUMBER: 01744293 (England and Wales)





ACCOUNTANTS: Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Sheermain Limited

The following reproduces the text of the report prepared for the director 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 Profit and Loss Account and certain other primary statements and the Report of the Director 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 Sheermain Limited for the year ended 31 October 2024 which comprise the Profit and Loss Account, 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Sheermain Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sheermain Limited and state those matters that we have agreed to state to the director of Sheermain Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Sheermain 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 Sheermain Limited. You consider that Sheermain 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 Sheermain 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.






Chapman Robinson and Moore Limited
30 Bankside Court
Stationfields
Kidlington
Oxford
OX5 1JE


Date: .............................................

Sheermain Limited (Registered number: 01744293)

Balance Sheet
31 October 2024

31/10/24 31/10/23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,197 67,094
55,197 67,094

CURRENT ASSETS
Stocks 28,782 29,700
Debtors 6 28,193 28,665
Cash at bank and in hand 14,399 16,548
71,374 74,913
CREDITORS
Amounts falling due within one year 7 (138,192 ) (91,229 )
NET CURRENT LIABILITIES (66,818 ) (16,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,621

)

50,778

CREDITORS
Amounts falling due after more than
one year

8

(62,179

)

(81,420

)

PROVISIONS FOR LIABILITIES (8,094 ) (8,094 )
NET LIABILITIES (81,894 ) (38,736 )

Sheermain Limited (Registered number: 01744293)

Balance Sheet - continued
31 October 2024

31/10/24 31/10/23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings (81,996 ) (38,838 )
(81,894 ) (38,736 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 July 2025 and were signed by:





Ms A Miksiene - Director


Sheermain Limited (Registered number: 01744293)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Sheermain 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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

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.
Land and buildings - 25% on reducing balance
Plant and machinery etc - 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 Profit and Loss Account, 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.


Sheermain Limited (Registered number: 01744293)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 7 ) .

Sheermain Limited (Registered number: 01744293)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 36,276
AMORTISATION
At 1 November 2023
and 31 October 2024 36,276
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2023 48,196 325,921 374,117
Additions - 5,324 5,324
At 31 October 2024 48,196 331,245 379,441
DEPRECIATION
At 1 November 2023 48,196 258,827 307,023
Charge for year - 17,221 17,221
At 31 October 2024 48,196 276,048 324,244
NET BOOK VALUE
At 31 October 2024 - 55,197 55,197
At 31 October 2023 - 67,094 67,094

Sheermain Limited (Registered number: 01744293)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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
etc
£   
COST
At 1 November 2023
and 31 October 2024 59,581
DEPRECIATION
At 1 November 2023 11,315
Charge for year 11,314
At 31 October 2024 22,629
NET BOOK VALUE
At 31 October 2024 36,952
At 31 October 2023 48,266

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Trade debtors 17,662 -
Other debtors 10,531 28,665
28,193 28,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans and overdrafts 5,863 5,622
Hire purchase contracts 14,377 14,377
Trade creditors 18,679 165
Taxation and social security 25,232 8,025
Other creditors 74,041 63,040
138,192 91,229

Sheermain Limited (Registered number: 01744293)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/24 31/10/23
£    £   
Bank loans 30,104 36,087
Hire purchase contracts 32,075 45,333
62,179 81,420

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mikra Limited.