Company registration number: 02869693
Unaudited financial statements
for the year ended 31 December 2024
for
Shereline Limited
Pages for filing with the Registrar
Company registration number: 02869693
Shereline Limited
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 - 1,395
- 1,395
Current assets
Stocks 80,250 116,000
Debtors 11,183 (1,323)
Cash at bank and in hand 251 36,026
91,684 150,703
Creditors: amounts falling due within one
year
(19,378) (53,764)
Net current assets 72,306 96,939
Total assets less current liabilities 72,306 98,334
Creditors: Amounts falling due after more
than one year
5 - (26,583)
NET ASSETS 72,306 71,751
Capital and reserves
Called up share capital 100 100
Profit and loss account 72,206 71,651
TOTAL EQUITY 72,306 71,751
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 02869693
Shereline Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr C Clayton, Director
30 July 2025
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Shereline Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Shereline Limited is a private company registered in England and Wales. Its registered number is 02869693. The company is limited by shares. Its registered office is 2 Ridings Barn, Loxwood Road, Cranleigh, Surrey, GU6 8EW.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 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 etc.:
Fixtures & fittings - 25% 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.
3 Average number of employees
During the year the average number of employees was Nil (2023 - Nil).
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Shereline Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 12,994
Disposals (12,994)
At 31 December 2024 -
Depreciation
At 1 January 2024 11,599
Charge for year 349
Eliminated on disposal (11,948)
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 1,395
5 Creditors: amounts falling due after more than five years
2024 2023
£ £
Repayable by instalments
Bank loans - 26,583
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