Company Registration No. 14989249 (England and Wales)
Shack Ltd
Unaudited accounts
for the year ended 31 July 2025
Shack Ltd
Unaudited accounts
Contents
Shack Ltd
Company Information
for the year ended 31 July 2025
Directors
Sam Benjamin Pinkham
Simon Anthony Pont
Freya Summers
Company Number
14989249 (England and Wales)
Registered Office
West Witheridge Fourth House Penn Road
Knotty Green
Beaconsfield
HP9 2TW
England
Accountants
Net Accountancy Solutions Limited
12 Harles Acres
Hickling
Melton Mowbray
LEICESTERSHIRE
LE14 3AF
Shack Ltd
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
360,773
127,405
Creditors: amounts falling due within one year
(690,029)
(39,257)
Net current (liabilities)/assets
(226,832)
94,333
Net (liabilities)/assets
(220,048)
94,447
Called up share capital
500
500
Share premium
178,432
199,980
Profit and loss account
(398,980)
(106,033)
Shareholders' funds
(220,048)
94,447
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2026 and were signed on its behalf by
Simon Anthony Pont
Director
Company Registration No. 14989249
Shack Ltd
Notes to the Accounts
for the year ended 31 July 2025
Shack Ltd is a private company, limited by shares, registered in England and Wales, registration number 14989249. The registered office is West Witheridge Fourth House Penn Road, Knotty Green, Beaconsfield, HP9 2TW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.33% straight line
Intangible fixed assets (comprising the website and content) are included at cost less accumulated amortisation.
Shack Ltd
Notes to the Accounts
for the year ended 31 July 2025
Overview
The company undertakes construction projects that often span more than one accounting period. To ensure income is recognised in line with the related activity, costs incurred on incomplete projects at the year end are carried forward as Work in Progress (WIP) and matched against future revenues.
Recognition of Work in Progress
Costs directly attributable to specific contracts, including materials, labour, subcontractor costs, and other directly related expenses, are recognised as WIP where the associated revenue has not yet been recognised. These costs are carried forward in the balance sheet as current assets until the relevant stage of the project is reached.
Revenue Recognition
Revenue is recognised in line with the stage of completion of each contract where this can be measured reliably. The stage of completion is typically assessed based on costs incurred to date as a proportion of total expected contract costs. Where the outcome of a contract cannot be estimated reliably, revenue is recognised only to the extent of recoverable costs incurred.
Matching Principle
The company applies the matching principle by deferring costs incurred on incomplete projects at the reporting date and recognising them in the same period as the corresponding revenue. This ensures that profit is recognised fairly over the life of each contract.
Valuation of Work in Progress
WIP is valued at the lower of cost and net realisable value. Cost includes all direct costs and an appropriate proportion of attributable overheads. Net realisable value represents the estimated contract revenue less costs to complete.
Review and Adjustments
WIP balances are reviewed regularly to ensure they remain recoverable. Any foreseeable losses on contracts are recognised immediately in the profit and loss account.
Presentation and Disclosure
WIP is included within current assets in the balance sheet. Any amounts received on account that exceed the value of work performed are recognised as contract liabilities (deferred income).
Consistency
This policy is applied consistently across accounting periods and all contracts undertaken by the company.
The accounts have been prepared on a going concern basis on the understanding that the directors will continue to support the company financially for the foreseeable future.
4
Intangible fixed assets
Other
Shack Ltd
Notes to the Accounts
for the year ended 31 July 2025
5
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Other debtors
39,801
6,185
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
32,640
17,222
Taxes and social security
15,372
(3,693)
Other creditors
2,094
2,094
Loans from directors
-
23,634
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan repayable on demand
6,155
24,101
618
29,638
Interest free loan repayable on demand
(23,634)
36,862
3,095
10,133
(17,479)
60,963
3,713
39,771
The loans were repaid within 9 months of the year end.
Shack Ltd
Notes to the Accounts
for the year ended 31 July 2025
9
Transactions with related parties
Included in consultancy is an amount of £160,056 (2024: £17,833) charged by Arch Stanton Productions Ltd, a company that director Simon Pont is also a director and shareholder. At the end of the year £2,094 (2024: £2,094) was owed to Arch Stanton Productions Ltd. The loan is interest free and repayable on demand.
Also included in consultancy is an amount of £142,200 (2024: £NIL) charged by Nexus London Ltd, a company that director Sam Pinkham is also a director and shareholder. Nothing was outstanding to this company at the year end.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).