| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£ |
| Fixed assets |
|
|
14,216 |
|
|
14,745 |
| Current assets |
|
31,565 |
|
|
40,501 |
|
| Creditors: amount falling due within one year |
|
(7,589) |
|
|
(9,487) |
|
|
Net current assets
|
|
|
23,976
|
|
|
31,014
|
|
Total assets less current liabilities
|
|
|
38,192 |
|
|
45,759 |
| Creditors: amount falling due after more than one year |
|
|
(24,781) |
|
|
(32,415) |
|
Net assets
|
|
|
13,411 |
|
|
13,344 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
13,411 |
|
|
13,344 |
| |
NOTES TO THE ACCOUNTS
General Information
SHEENA RETAIL LTD is a private company, limited by shares, registered in England and Wales, registration number 08783142, registration address 10 THE BANK, ECCLESHILL, BRADFORD, WEST YORKSHIRE, BD10 8BN.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Fixtures and Fittings |
20 % Reducing Balance
|
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
12,100 |
|
12,100 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
12,100 |
|
12,100 |
| Net book values |
| At 30 November 2025 |
12,100 |
|
12,100 |
| At 30 November 2024 |
12,100 |
|
12,100 |
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Fixtures and Fittings |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
19,808 |
|
19,808 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
19,808 |
|
19,808 |
| Depreciation |
| At 01 December 2024 |
17,163 |
|
17,163 |
| Charge for year |
529 |
|
529 |
| On disposals |
- |
|
- |
| At 30 November 2025 |
17,692 |
|
17,692 |
| Net book values |
| Closing balance as at 30 November 2025 |
2,116 |
|
2,116 |
| Opening balance as at 01 December 2024 |
2,645 |
|
2,645 |
|
| 4. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
|
TRANSACTIONS WITH DIRECTORS
A salary of £17,688 was paid to MR SHAILESH GOPALBHAI PATEL and MRS HINABEN MANGUBHAI PATEL during the year.
MR SHAILESH GOPALBHAI PATEL and MRS HINABEN MANGUBHAI PATEL also has a director's current account balance of £20781.00
The movements in the director's currrent account during the year are as follows:
| Particulars |
|
Debit
£ |
|
Credit
£ |
| Balance b/f |
|
- |
|
20,133 |
| Loan Granted |
|
- |
|
17,047 |
| Dividend (Own Company) |
|
- |
|
5,000 |
| Loan repaid |
|
21,399 |
|
- |
| Balance C/f |
|
20,781 |
|
- |
|
|
42,180 |
|
42,180 |
CONTROL :
The ultimate controlling parties are MR SHAILESH GOPALBHAI PATEL by virtue of their ownership of 50% and MRS HINABEN MANGUBHAI PATEL by virtue of their ownership of 50% each in the ordinary share capital of the company.
|
For the year ended 30 November 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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 16 May 2026 and were signed on its behalf by: --------------------------------
MR SHAILESH GOPALBHAI PATEL
Director |
2
|