Registration number: 02923942

Shelfweld Services Ltd
(Registration number: 02923942)

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

Shelfweld Services Ltd
(Registration number: 02923942)

Company Information

Director

Mr Peter Lovegrove

Company secretary

Mrs Yvette J Garton

Registered office

2 Market Hill Chatteris Cambridgeshire PE16 6BA

Registered number

02923942

Shelfweld Services Ltd
(Registration number: 02923942)

Balance Sheet as at 30 September 2025

	Note	30 September 2025 £	28 February 2025 £
Fixed Assets
Tangible Assets	4	-	13,650
Current assets
Stocks	5	-	8,000
Debtors	6	952	26,633
Cash at bank and in hand		-	1,021
		952	35,654
Creditors: Amounts falling due within one year	7	(5,716)	(10,860)
Net current (liabilities)/assets		(4,764)	24,794
Net (liabilities)/assets		(4,764)	38,444
Capital and Reserves
Called up share capital		2	2
Retained Earnings		(4,766)	38,442
Shareholders' (deficit)/funds		(4,764)	38,444

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

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 28 November 2025
 

......................................... Mr Peter Lovegrove Director

Shelfweld Services Ltd
(Registration number: 02923942)

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 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:
2 Market Hill
Chatteris
Cambridgeshire
PE16 6BA
England

These financial statements were authorised for issue by the director on 28 November 2025.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Shelfweld Services Ltd
(Registration number: 02923942)

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 September 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	10% reducing balance
Office equipment	15% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Shelfweld Services Ltd
(Registration number: 02923942)

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 September 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2025 - 1).

4	Tangible Assets

	Office equipment £	Plant and machinery £	Total £
Cost or valuation
At 1 March 2025	3,756	34,845	38,601
Disposals	(3,756)	(34,845)	(38,601)
At 30 September 2025	-	-	-
Depreciation
At 1 March 2025	3,279	21,672	24,951
Eliminated on disposal	(3,279)	(21,672)	(24,951)
At 30 September 2025	-	-	-
Carrying amount
At 30 September 2025	-	-	-
At 28 February 2025	477	13,173	13,650

5

Stocks

	30 September 2025 £	28 February 2025 £
Other inventories	-	8,000

Shelfweld Services Ltd
(Registration number: 02923942)

Notes to the Unaudited Financial Statements for the Period from 1 March 2025 to 30 September 2025

6

Debtors