The Shed Outlet Limited iXBRL

Company Registration Number: NI718830

The Shed Outlet Limited

Abridged Unaudited Financial Statements

for the financial period from 23 July 2024 (date of incorporation) to 31 December 2024

The Shed Outlet Limited

DIRECTORS' REPORT

for the financial period from 23 July 2024 (date of incorporation) to 31 December 2024

The directors present their report and the unaudited financial statements for the financial period from 23 July 2024 (date of incorporation) to 31 December 2024.

Principal Activity

The principal activity of the Company is the provision of steel sheds and other related products.

Directors

The directors who served during the financial period are as follows:

Alan Dawson (Appointed 23 July 2024)

Louise Dawson (Appointed 23 July 2024)

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial period.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

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

On behalf of the board

___________________________

Alan Dawson

Louise Dawson

Director

10 October 2025

The Shed Outlet Limited

ABRIDGED PROFIT AND LOSS ACCOUNT

for the financial period from 23 July 2024 (date of incorporation) to 31 December 2024

Dec 24

Notes


Administrative expenses		(26,986)
		─────────
Operating loss		(26,986)

Interest payable and similar expenses		(25)
		─────────
Loss before taxation		(27,011)

Tax on loss		-
		─────────
Loss for the financial period		(27,011)
		─────────
Total comprehensive income		(27,011)
		═════════

The Shed Outlet Limited

Company Registration Number: NI718830

ABRIDGED BALANCE SHEET

as at 31 December 2024

Dec 24

Notes

Fixed Assets

Tangible assets

32,695

─────────

Current Assets

Debtors

366

Cash and cash equivalents

1,243

─────────

1,609

─────────

Creditors: amounts falling due within one year

(61,215)

─────────

Net Current Liabilities

(59,606)

─────────

Total Assets less Current Liabilities

(26,911)

═════════

Capital and Reserves

Called up share capital

100

Retained earnings

(27,011)

─────────

Equity attributable to owners of the company

(26,911)

═════════

These abridged financial statements have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

For the financial period from 23 July 2024 (date of incorporation) to 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period 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.

Approved by the Board and authorised for issue on 10 October 2025 and signed on its behalf by




________________________________			________________________________
Alan Dawson			Louise Dawson
Director			Director

The Shed Outlet Limited

STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024

Called up

Retained

Total

share

earnings

capital

Loss for the financial period

(27,011)

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Net proceeds of equity

ordinary share issue	100	-	100
	─────────	─────────	─────────
At 31 December 2024	100	(27,011)	(26,911)
	═════════	═════════	═════════

The Shed Outlet Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period from 23 July 2024 (date of incorporation) to 31 December 2024

General Information

The Shed Outlet Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI718830. The registered office of the company is 4 Glenanne Road, Newry Road, Armagh, BT60 2BX, Northern Ireland which is also the principal place of business of the company. The principal activity of the Company is the provision of steel sheds and other related products. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 December 2024 have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland (FRS 102) issued by the Financial Reporting Council and in accordance with the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.There have been no transitional adjustments made.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Tangible assets and depreciation

Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

15% Straight line

Fixtures, fittings and equipment

15% Straight line

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Leasing and hire purchases

Tangible assets held under leasing and Hire Purchases arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Balance Sheet at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Profit and Loss Account.

Leasing

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Adoption of FRS 102

This is the first set of financial statements prepared by The Shed Outlet Limited in accordance with accounting standards issued by the Financial Reporting Council, including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”).

Period of financial statements

The financial statements are for the 5 month 9 days period from 23 July 2024 (date of incorporation) to 31 December 2024.

Statement on previous periods

The company did not present financial statements for previous periods.

Employees

The average monthly number of employees, including directors, during the financial period was 0, (Jul 24 - 0).


7.	Tangible assets
		Plant and	Fixtures,	Total
		machinery	fittings and
			equipment
		£	£	£
	Cost
	At 23 July 2024	-	-	-
	Additions	12,281	24,216	36,497
		─────────	─────────	─────────
	At 31 December 2024	12,281	24,216	36,497
		─────────	─────────	─────────
	Depreciation
	At 23 July 2024	-	-	-
	Charge for the financial period	1,279	2,523	3,802
		─────────	─────────	─────────
	At 31 December 2024	1,279	2,523	3,802
		─────────	─────────	─────────
	Net book value
	At 31 December 2024	11,002	21,693	32,695
		═════════	═════════	═════════

Capital commitments

The company had no material capital commitments at the financial period-ended 31 December 2024.

Parent company

The company regards Dawson Sheds Limited as its parent company.

10.

Post-Balance Sheet Events

The Company has changed the name to The Shed Outlet Limited on 5th August 2025.