S.G. Shields (Benfleet) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01429916 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

S.G. SHIELDS (BENFLEET) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Shields

Mrs P R Shields

SECRETARY:

Mrs P R Shields

REGISTERED OFFICE:

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

SS1 1BN

REGISTERED NUMBER:

01429916 (England and Wales)

ACCOUNTANTS:

Barnard Mountstephens Childs Limited

Chartered Certified Accountants

Victoria House

50 Alexandra Street

Southend-on-Sea

Essex

SS1 1BN

FIXED ASSETS

Tangible assets

4

60,035

69,280

CURRENT ASSETS

Stocks

141

34,278

Debtors

5

146,880

157,297

Cash at bank and in hand

12,780

68,337

159,801

259,912

CREDITORS

Amounts falling due within one year

6

255,741

299,935

NET CURRENT LIABILITIES

(95,940

)

(40,023

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,905

)

29,257

CREDITORS

Amounts falling due after more than one
year

7

30,000

NET LIABILITIES

(65,905

)

(743

)

CAPITAL AND RESERVES

Called up share capital

8

2,100

Retained earnings

(68,005

)

(2,843

)

SHAREHOLDERS' FUNDS

(65,905

)

(743

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 April 2026 and were signed on its behalf by:

C R Shields - Director

1.	STATUTORY INFORMATION

S.G. Shields (Benfleet) Limited 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.

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 represents the invoiced amount of goods sold and services provided (stated Net of Value Added Tax).

Tangible fixed assets

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

Freehold property

-

not provided

Leasehold property

-

5% on cost

Improvements to property

-

4% on cost

Plant & equipment

-

10% on cost

Motor vehicles

-

25% on cost

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.

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 4 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvement

Freehold

Leasehold

to

property

£

COST

At 1 August 2024

82,085

82,347

19,242

Disposals

-

At 31 July 2025

82,085

82,347

19,242

DEPRECIATION

At 1 August 2024

27,898

78,227

19,242

Charge for year

-

4,118

-

Eliminated on disposal

-

At 31 July 2025

27,898

82,345

19,242

NET BOOK VALUE

At 31 July 2025

54,187

2

-

At 31 July 2024

54,187

4,120

-

Plant &

Motor

equipment

vehicles

Totals

£

COST

At 1 August 2024

83,893

19,961

287,528

Disposals

(22,000

)

-

(22,000

)

At 31 July 2025

61,893

19,961

265,528

DEPRECIATION

At 1 August 2024

82,901

9,980

218,248

Charge for year

136

4,991

9,245

Eliminated on disposal

(22,000

)

-

(22,000

)

At 31 July 2025

61,037

14,971

205,493

NET BOOK VALUE

At 31 July 2025

856

4,990

60,035

At 31 July 2024

992

9,981

69,280

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/25

31/7/24

£

Trade debtors

146,367

155,402

VAT

513

183

Prepayments

-

1,712

146,880

157,297

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/7/25

31/7/24

£

Trade creditors

732

2,941

Social security and other taxes

138

736

Pensions

71

258

Directors' current accounts

252,800

293,300

Accrued expenses

2,000

2,700

255,741

299,935

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/7/25

31/7/24

£

Loan

30,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Loan

30,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/25

31/7/24

value:

£

2,100

Ordinary

£1

2,100