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Company Registration No. 1813061 (England and Wales)
Shelmead Limited Unaudited accounts for the year ended 31 March 2025
Shelmead Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
- 2 -
Shelmead Limited Company Information for the year ended 31 March 2025
Directors
D S Saxby C Saxby
Company Number
1813061 (England and Wales)
Registered Office
6 Chalfont Drive Hove East Sussex BN3 6QR England
Accountants
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD
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Shelmead Limited Accountants' report
Accountants' report to the board of directors of Shelmead Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Shelmead Limited for the year ended 31 March 2025 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Shelmead Limited, as a body, in accordance with the terms of our engagement letter dated 29 April 2005. Our work has been undertaken solely to prepare for your approval the accounts of Shelmead Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shelmead Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Shelmead Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Shelmead Limited. You consider that Shelmead Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Shelmead Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD 22 April 2025
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Shelmead Limited Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
817 
1,065 
Investment property
5
700,000 
700,000 
700,817 
701,065 
Current assets
Inventories
184,680 
243,578 
Debtors
6
49,394 
23,834 
Cash at bank and in hand
236,553 
164,701 
470,627 
432,113 
Creditors: amounts falling due within one year
7
(40,780)
(65,921)
Net current assets
429,847 
366,192 
Total assets less current liabilities
1,130,664 
1,067,257 
Provisions for liabilities
Deferred tax
(90,980)
(71,625)
Net assets
1,039,684 
995,632 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
1,039,584 
995,532 
Shareholders' funds
1,039,684 
995,632 
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by
D S Saxby Director Company Registration No. 1813061
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Shelmead Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Shelmead Limited is a private company, limited by shares, registered in England and Wales, registration number 1813061. The registered office is 6 Chalfont Drive, Hove, East Sussex, BN3 6QR, 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.
3
Accounting policies
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.
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:
Plant & machinery
over ten years
Computer equipment
over ten years
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 6 -
Shelmead Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
2,837 
806 
3,643 
At 31 March 2025
2,837 
806 
3,643 
Depreciation
At 1 April 2024
1,772 
806 
2,578 
Charge for the year
248 
- 
248 
At 31 March 2025
2,020 
806 
2,826 
Net book value
At 31 March 2025
817 
- 
817 
At 31 March 2024
1,065 
- 
1,065 
5
Investment property
2025 
£ 
Fair value at 1 April 2024
700,000 
At 31 March 2025
700,000 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,375 
15,435 
Accrued income and prepayments
7,826 
8,399 
Other debtors
25,193 
- 
49,394 
23,834 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Trade creditors
- 
6,550 
Taxes and social security
38,497 
39,938 
Other creditors
2,283 
2,171 
Loans from directors
- 
17,262 
40,780 
65,921 
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
- 7 -
Shelmead Limited Notes to the Accounts for the year ended 31 March 2025
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
D S Saxby
Director's loan account
- 
25,193 
- 
25,193 
- 
25,193 
- 
25,193 
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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