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Registration number: 14863182

Sheppard's Maintenance Limited trading as Sheppards Maintenance Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2025

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

Company Information

Director

Stuart Sheppard

Registered office

St Ethelbert House
Ryelands Street
Hereford
HR4 0LA

Accountants

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

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

(Registration number: 14863182)
Balance Sheet as at 31 May 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

97,300

6,912

Current assets

 

Stocks

5

78,583

5,000

Debtors

6

179,085

151,024

Cash at bank and in hand

 

88,676

127,674

 

346,344

283,698

Creditors: Amounts falling due within one year

7

(205,163)

(145,295)

Net current assets

 

141,181

138,403

Total assets less current liabilities

 

238,481

145,315

Provisions for liabilities

(24,325)

(1,728)

Net assets

 

214,156

143,587

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

214,056

143,487

Shareholders' funds

 

214,156

143,587

For the financial year ending 31 May 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

(Registration number: 14863182)
Balance Sheet as at 31 May 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2025
 

.........................................
Stuart Sheppard
Director

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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
HR4 0LA
England

The principal place of business is:
Ennig Buildings
The Square
Talgarth
Powys
LD3 0BW
Wales

These financial statements were authorised for issue by the director on 30 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).

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

2

Accounting policies (continued)

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.

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.

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

2

Accounting policies (continued)

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.

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

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

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2024

7,000

-

7,000

Additions

19,347

82,825

102,172

At 31 May 2025

26,347

82,825

109,172

Depreciation

At 1 June 2024

88

-

88

Charge for the year

2,313

9,471

11,784

At 31 May 2025

2,401

9,471

11,872

Carrying amount

At 31 May 2025

23,946

73,354

97,300

At 31 May 2024

6,912

-

6,912

5

Stocks

2025
£

2024
£

Other inventories

78,583

5,000

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

6

Debtors

Current

Note

2025
£

2024
£

Trade debtors

 

76,235

28,188

Amounts owed by related parties

-

74,004

Prepayments

 

102,850

48,832

   

179,085

151,024

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

15,745

30,891

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

89,879

-

Taxation and social security

 

95,192

98,972

Accruals and deferred income

 

4,051

15,225

Other creditors

 

296

207

 

205,163

145,295

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

       

9

Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

 

Sheppard's Maintenance Limited

trading as Sheppards Maintenance Limited

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

9

Financial commitments, guarantees and contingencies (continued)

Included in the balance sheet are pensions of £2,746 (2024 - £752). The company operates defined contribution schemes on behalf of its directors and employees. The assets of the schemes are held seperately from those of the company in independently administered funds. The pension costcharge represents contributions payable by the company to these funds and amounted to £2,746 (2024 £752).