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Registration number: 10618903

Sheppard's Construction Limited trading as Sheppards Construction Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2025

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 12

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Company Information

Director

Mr Stuart Douglas Sheppard

Registered office

St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

Accountants

Young & Co St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

(Registration number: 10618903)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

43,337

56,000

Current assets

 

Stocks

5

21,536

61,405

Debtors

6

53,174

50,007

Cash at bank and in hand

 

4,400

1,120

 

79,110

112,532

Creditors: Amounts falling due within one year

7

(55,047)

(93,871)

Net current assets

 

24,063

18,661

Total assets less current liabilities

 

67,400

74,661

Creditors: Amounts falling due after more than one year

7

(3,346)

(12,558)

Provisions for liabilities

(8,500)

(10,640)

Net assets

 

55,554

51,463

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

55,552

51,461

Shareholders' funds

 

55,554

51,463

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

(Registration number: 10618903)
Balance Sheet as at 31 March 2025
(continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 July 2025
 

.........................................
Mr Stuart Douglas Sheppard
Director

   
     
 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

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

1

General information

The company is a private company limited by share capital, incorporated in Wales.

The address of its registered office is:
St Ethelbert House
Ryelands Street
Hereford
Herefordshire
HR4 0LA
England

These financial statements were authorised for issue by the director on 24 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% of written down value per annum

Plant and machinery

20% of written down value per annum

Computer equipment

25% of straight line

Fixtures and fittings

20% of straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

2

Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 6).

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

58,838

77,705

136,543

Additions

3,800

-

3,800

Disposals

-

(26,065)

(26,065)

At 31 March 2025

62,638

51,640

114,278

Depreciation

At 1 April 2024

36,122

44,421

80,543

Charge for the year

4,856

5,948

10,804

Eliminated on disposal

-

(20,406)

(20,406)

At 31 March 2025

40,978

29,963

70,941

Carrying amount

At 31 March 2025

21,660

21,677

43,337

At 31 March 2024

22,716

33,284

56,000

5

Stocks

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

5

Stocks (continued)

2025
£

2024
£

Work in progress

62,536

56,405

Other inventories

(41,000)

5,000

21,536

61,405

6

Debtors

Current

2025
£

2024
£

Trade debtors

13,665

15,391

Prepayments

13,234

2,712

Other debtors

26,275

31,904

 

53,174

50,007

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Loans and borrowings

9

7,987

7,675

Trade creditors

 

19,151

30,874

Amounts owed to group undertakings and undertakings in which the company has a participating interest

16,737

36,737

Taxation and social security

 

5,789

4,276

Accruals and deferred income

 

4,144

4,170

Other creditors

 

1,239

10,139

 

55,047

93,871

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

9

3,346

12,558

8

Share capital

Allotted, called up and fully paid shares

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

8

Share capital (continued)

2025

2024

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

3,346

12,558

Current loans and borrowings

2025
£

2024
£

Bank borrowings

7,987

7,675

Bank borrowings

Bank loan is denominated in £ with a nominal interest rate of 3.5%%, and the final instalment is due on 31 March 2028. The carrying amount at year end is £11,334 (2024 - £20,233).

The bank which totals £20,233 is secured by the UK goverment.

 

Sheppard's Construction Limited

trading as Sheppards Construction Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025
(continued)

9

Loans and borrowings (continued)

Other borrowings

Included in the loans and borrowings are the following amounts due after more than five years:

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,643 (2024 - £1,659). 'The company operates defined contribution schemes on behalf of its directors and employees. The assets of the schemes are held separately from those of the company in independently administered funds. The pension cost charge represents contributions payable by the company to these funds and amounted to £1,643.