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REGISTERED NUMBER: 04402381 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Shane Howells Limited

Shane Howells Limited (Registered number: 04402381)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Shane Howells Limited

Company Information
for the Year Ended 31 March 2025







Directors: S Howells
Mrs C L Howells





Secretary: Mrs C L Howells





Registered office: 10 The Southend
Ledbury
Herefordshire
HR8 2EY





Registered number: 04402381 (England and Wales)





Accountants: Crowthers Chartered Accountants
10 The Southend
Ledbury
Herefordshire
HR8 2EY

Shane Howells Limited (Registered number: 04402381)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 48,282 58,048
48,282 58,048

CURRENT ASSETS
Stocks 49,692 79,068
Debtors 6 24,275 58,218
Cash at bank and in hand 407,787 322,384
481,754 459,670
CREDITORS
Amounts falling due within one year 7 187,619 136,053
NET CURRENT ASSETS 294,135 323,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,417

381,665

PROVISIONS FOR LIABILITIES 10,136 12,454
NET ASSETS 332,281 369,211

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 332,279 369,209
SHAREHOLDERS' FUNDS 332,281 369,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Shane Howells Limited (Registered number: 04402381)

Statement of Financial Position - continued
31 March 2025


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 11 August 2025 and were signed on its behalf by:




S Howells - Director



Mrs C L Howells - Director


Shane Howells Limited (Registered number: 04402381)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Shane Howells 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.

The functional currency of Shane Howells Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the company operates.

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Therefore actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Within the company, the area where significant judgements and estimates are made by the director is in the stock valuation. Stock of materials is valued on a cost price basis but is subject to ongoing reviews and a provision made where the director is of the opinion that specific items are slow moving and require being written down to net realisable value. At the year-end, the director has no concerns over the recoverability of the company's stock balance as shown on The Statement of Financial Position.

Turnover
Turnover represents the value of goods sold during the period net of VAT. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of one years.

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.

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 etc - 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Shane Howells Limited (Registered number: 04402381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Stocks
Stock of goods is valued at the lower of cost and net realisable value.

Cost represents the purchase price of goods plus an apportionment of the relevant costs in transporting the goods to the company's storage locations. This would include relevant duty charges, dock charges and handling fees for imports, apportioned per item that the costs relate to.

Net realisable value represents the selling price of completed goods less any costs necessary to complete the goods. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

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.

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.

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 11 (2024 - 11 ) .

Shane Howells Limited (Registered number: 04402381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
Cost
At 1 April 2024
and 31 March 2025 1
Amortisation
At 1 April 2024
and 31 March 2025 1
Net book value
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
Cost
At 1 April 2024 257,892
Additions 2,535
At 31 March 2025 260,427
Depreciation
At 1 April 2024 199,844
Charge for year 12,301
At 31 March 2025 212,145
Net book value
At 31 March 2025 48,282
At 31 March 2024 58,048

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 19,921 37,908
Amounts recoverable on contract 1,621 14,660
Prepayments 2,733 5,650
24,275 58,218

Shane Howells Limited (Registered number: 04402381)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 63,143 58,508
Tax 37,342 13,304
Social security and other taxes 32,773 22,875
Other creditors 482 -
Directors' current accounts 163 163
Accruals and deferred income 53,716 41,203
187,619 136,053

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £163 (2024: £163 ) owed to the directors, no interest has been charged on this loan. The loan is repayable on demand and is unsecured.