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Registration number: 09192915

John Shepherd Ltd
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

John Shepherd Ltd

Contents

Balance Sheet | 1
Notes to the Unaudited Financial Statements | 2 to 5

John Shepherd Ltd

(Registration number: 09192915)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 1,834 | 2,446
Current assets |  |  |
Debtors | 6 | 12,630 | 4,544
Cash at bank and in hand |  | 6,617 | 1,507
|  | 19,247 | 6,051
Creditors: Amounts falling due within one year | 7 | (8,105) | (6,605)
Net current assets/(liabilities) |  | 11,142 | (554)
Net assets |  | 12,976 | 1,892
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 12,876 | 1,792
Shareholders' funds |  | 12,976 | 1,892

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 3 December 2025 and signed on its behalf by:

......................................... J D Shepherd Director

John Shepherd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax, and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements, and is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

John Shepherd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% per annum on reducing balance
Computer equipment | 25% per annum on cost

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition; it is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | 20% per annum on cost

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business, and are recognised initially at the transaction price.

Assets held under hire purchase agreements

Assets held under hire purchase agreements are capitalised at their original cost and depreciated in accordance with the company's policy as shown above.
The obligation to the hire purchase company is included in creditors in the Balance Sheet; repayments are apportioned between interest payable in the Profit and Loss Account and reduction of the hire purchase obligation, so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 1).

John Shepherd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 October 2024 | 10,000 | 10,000
At 30 September 2025 | 10,000 | 10,000
Amortisation
At 1 October 2024 | 10,000 | 10,000
At 30 September 2025 | 10,000 | 10,000
Net book value
At 30 September 2025 | - | -

5 | Tangible assets

| Computer equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 October 2024 | 1,620 | 18,335 | 19,955
At 30 September 2025 | 1,620 | 18,335 | 19,955
Depreciation
At 1 October 2024 | 1,620 | 15,889 | 17,509
Charge for the year | - | 612 | 612
At 30 September 2025 | 1,620 | 16,501 | 18,121
Net book value
At 30 September 2025 | - | 1,834 | 1,834
At 30 September 2024 | - | 2,446 | 2,446

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 12,630 | 4,544
| 12,630 | 4,544

John Shepherd Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Amounts falling due within one year

| 2025 £ | 2024 £
Accruals and deferred income | 2,228 | 2,178
Other creditors | 424 | 86
Corporation tax | 5,453 | 4,341
| 8,105 | 6,605