REGISTERED NUMBER: 03573049 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2025

for

Shield Service Group Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Rose

K J L Macpherson

SECRETARY:

M P Goddard

REGISTERED OFFICE:

Bourne House

475 Godstone Road

Whyteleafe

Surrey

CR3 0BL

REGISTERED NUMBER:

03573049 (England and Wales)

ACCOUNTANTS:

M Goddard & Co

Chartered Accountants

69 Tupwood Lane

Caterham

Surrey

CR3 6DD

SOLICITORS:

Baldwin & Robinson Law

4 Oxted Chambers

185-187 station Road East

Surrey

RH8 0QE

FIXED ASSETS

Intangible assets

4

26,040

38,540

Tangible assets

5

30,882

92,114

Investments

6

306

306

57,228

130,960

CURRENT ASSETS

Stocks

16,237

15,751

Debtors

856,903

998,109

Cash at bank

763,089

442,383

1,636,229

1,456,243

CREDITORS

Amounts falling due within one year

678,890

639,861

NET CURRENT ASSETS

957,339

816,382

TOTAL ASSETS LESS CURRENT LIABILITIES

1,014,567

947,342

CREDITORS

Amounts falling due after more than one year

-

(7,566

)

PROVISIONS FOR LIABILITIES

(6,479

)

(11,845

)

NET ASSETS

1,008,088

927,931

CAPITAL AND RESERVES

Called up share capital

771,002

771,002

Retained earnings

237,086

156,929

SHAREHOLDERS' FUNDS

1,008,088

927,931

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 September 2025 and were signed on its behalf by:

M J Rose - Director

1.	STATUTORY INFORMATION

Shield Service Group Ltd is a private company , 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.

Turnover

Turnover represents amounts receivable for the provision of cleaning services after deduction of trade discounts and value added tax. Turnover is recognised on a time incurred basis.

Intangible assets

Intangible assets consist entirely of goodwill arising on acquisition of subsidiary companies and customer lists. Goodwill arising on the acquisition of subsidiaries and other assets is the difference between the fair value of the consideration paid and the fair value of the fixed assets and liabilities acquired. Goodwill is being written off evenly over its estimated useful life of twelve years.

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

-

50% on cost, 25% on cost, 25% on reducing balance, 20% on cost and 15% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Consolidated accounts

The company is exempt from preparing consolidated financial statements on the grounds that, taken with its subsidiaries, it qualifies as a small group under S398 of the Companies Act 2006. These financial statements therefore present information about the company as an individual undertaking and not about its group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 470 (2024 - 466 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

2,907,981

AMORTISATION

At 1 June 2024

2,869,441

Amortisation for year

12,500

At 31 May 2025

2,881,941

NET BOOK VALUE

At 31 May 2025

26,040

At 31 May 2024

38,540

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

198,966

Additions

8,232

Disposals

(101,224

)

At 31 May 2025

105,974

DEPRECIATION

At 1 June 2024

106,852

Charge for year

29,149

Eliminated on disposal

(60,909

)

At 31 May 2025

75,092

NET BOOK VALUE

At 31 May 2025

30,882

At 31 May 2024

92,114

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 June 2024

60,350

Disposals

(60,350

)

At 31 May 2025

-

DEPRECIATION

At 1 June 2024

19,802

Charge for year

10,137

Eliminated on disposal

(29,939

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

40,548

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 June 2024

and 31 May 2025

306

NET BOOK VALUE

At 31 May 2025

306

At 31 May 2024

306

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £10,309 (2024-£10,309) were paid to the directors.