Company Registration No. 01371294 (England and Wales)
Sheargold Pianos Limited
Unaudited accounts
for the year ended 30 April 2025
Sheargold Pianos Limited
Unaudited accounts
Contents
Sheargold Pianos Limited
Company Information
for the year ended 30 April 2025
Director
Anthony William Sheargold
Company Number
01371294 (England and Wales)
Registered Office
Sheargold Pianos Ltd
162 Anyards Road
Cobham
Surrey
KT11 2LH
England
Accountants
CMZ Accounting Ltd
Unit A, 82 James Carter Road
Mildenhall
Suffolk
IP28 7DE
Sheargold Pianos Limited
Statement of financial position
as at 30 April 2025
Tangible assets
48,065
1,684
Inventories
291,339
251,044
Creditors: amounts falling due within one year
(124,837)
(93,006)
Net current assets
232,217
230,486
Total assets less current liabilities
280,282
232,170
Creditors: amounts falling due after more than one year
(30,463)
(20,833)
Net assets
249,819
211,337
Called up share capital
2,450
2,450
Capital redemption reserve
2,550
2,550
Profit and loss account
244,819
206,337
Shareholders' funds
249,819
211,337
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2025 and were signed on its behalf by
Anthony William Sheargold
Director
Company Registration No. 01371294
Sheargold Pianos Limited
Notes to the Accounts
for the year ended 30 April 2025
Sheargold Pianos Limited is a private company, limited by shares, registered in England and Wales, registration number 01371294. The registered office is Sheargold Pianos Ltd, 162 Anyards Road, Cobham, Surrey, KT11 2LH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight line over life of the lease
Plant & machinery
33% straight line
Motor vehicles
25% straight line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Sheargold Pianos Limited
Notes to the Accounts
for the year ended 30 April 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
69,030
77,630
40,815
187,475
Additions
-
4,668
45,495
50,163
At 30 April 2025
69,030
82,298
86,310
237,638
At 1 May 2024
69,030
75,946
40,815
185,791
Charge for the year
-
1,255
2,527
3,782
At 30 April 2025
69,030
77,201
43,342
189,573
At 30 April 2025
-
5,097
42,968
48,065
At 30 April 2024
-
1,684
-
1,684
Amounts falling due within one year
Trade debtors
55,019
57,289
Accrued income and prepayments
10,696
8,563
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
67,531
33,899
Obligations under finance leases and hire purchase contracts
10,344
-
Trade creditors
13,450
13,358
Taxes and social security
27,095
8,385
Loans from directors
63
221
Deferred income
5,393
12,594
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
29,629
-
8
Average number of employees
During the year the average number of employees was 5 (2024: 6).