REGISTERED NUMBER: 04600372 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SHEAN AND HARE CONSTRUCTION LTD

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

R M Shean

Mrs D A Shean

J E Shean

SECRETARY:

Mrs D A Shean

REGISTERED OFFICE:

32 The Square

Gillingham

Dorset

SP8 4AR

REGISTERED NUMBER:

04600372 (England and Wales)

ACCOUNTANTS:

Andrews and Palmer

Chartered Accountants

32 The Square

Gillingham

Dorset

SP8 4AR

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Building Contractors.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

R M Shean

Mrs D A Shean

Other changes in directors holding office are as follows:

J E Shean - appointed 8 January 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

R M Shean - Director

20 September 2025

TURNOVER

2,842,920

2,892,916

Cost of sales

2,198,264

2,230,734

GROSS PROFIT

644,656

662,182

Administrative expenses

281,594

348,605

363,062

313,577

Other operating income

24,500

13,926

OPERATING PROFIT

4

387,562

327,503

Interest receivable and similar income

16,246

10,912

403,808

338,415

Interest payable and similar expenses

525

727

PROFIT BEFORE TAXATION

403,283

337,688

Tax on profit

99,219

78,765

PROFIT FOR THE FINANCIAL YEAR

304,064

258,923

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

315,661

307,627

Investment property

7

690,138

357,617

1,005,799

665,244

CURRENT ASSETS

Stocks

3,500

3,500

Debtors

8

479,083

312,239

Cash at bank and in hand

487,809

724,196

970,392

1,039,935

CREDITORS

Amounts falling due within one year

9

513,103

437,355

NET CURRENT ASSETS

457,289

602,580

TOTAL ASSETS LESS CURRENT LIABILITIES

1,463,088

1,267,824

CREDITORS

Amounts falling due after more than one year

10

(4,437

)

(14,687

)

PROVISIONS FOR LIABILITIES

(24,845

)

(24,845

)

NET ASSETS

1,433,806

1,228,292

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

1,433,716

1,228,202

1,433,806

1,228,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2025 and were signed on its behalf by:

Mrs D A Shean - Director

R M Shean - Director

1.	STATUTORY INFORMATION

Shean and Hare Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 20 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.24

31.12.23

£

£

Depreciation - owned assets

32,156

42,230

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

83,000

AMORTISATION

At 1 January 2024

and 31 December 2024

83,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

6.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

176,110

429,633

605,743

Additions

-

44,433

44,433

Disposals

-

(24,346

)

(24,346

)

At 31 December 2024

176,110

449,720

625,830

DEPRECIATION

At 1 January 2024

-

298,116

298,116

Charge for year

-

32,156

32,156

Eliminated on disposal

-

(20,103

)

(20,103

)

At 31 December 2024

-

310,169

310,169

NET BOOK VALUE

At 31 December 2024

176,110

139,551

315,661

At 31 December 2023

176,110

131,517

307,627

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

357,617

Additions

332,521

At 31 December 2024

690,138

NET BOOK VALUE

At 31 December 2024

690,138

At 31 December 2023

357,617

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

328,881

263,935

Long term contract balances

147,494

42,542

Other debtors

2,708

5,762

479,083

312,239

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

10,245

10,130

Trade creditors

279,799

210,904

Amounts owed to group undertakings

90

-

Taxation and social security

191,914

181,752

Other creditors

31,055

34,569

513,103

437,355

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,437

14,687

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

£

R M Shean and Mrs D A Shean

Balance outstanding at start of year

1,202

-

Amounts advanced

-

1,202

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

1,202