2025-04-01 2026-03-31 2026-03-31 false 03381102 SHELDON REED LIMITED 70229 Management consultancy activities other than financial management iso4217:GBP xbrli:pure 03381102 2025-04-01 03381102 2026-03-31 03381102 2025-04-01 2026-03-31 03381102 bus:SmallEntities 2025-04-01 2026-03-31 03381102 bus:AuditExempt-NoAccountantsReport 2025-04-01 2026-03-31 03381102 bus:FullAccounts 2025-04-01 2026-03-31 03381102 core:WithinOneYear 2026-03-31 03381102 core:AfterOneYear 2026-03-31 03381102 core:WithinOneYear 2025-04-01 2026-03-31 03381102 core:AfterOneYear 2025-04-01 2026-03-31 03381102 core:CurrentFinancialInstruments 2026-03-31 03381102 core:Non-currentFinancialInstruments 2026-03-31 03381102 core:CurrentFinancialInstruments 2025-04-01 2026-03-31 03381102 core:Non-currentFinancialInstruments 2025-04-01 2026-03-31 03381102 core:LandBuildings 2025-04-01 2026-03-31 03381102 core:FurnitureFittings 2025-04-01 2026-03-31 03381102 core:OfficeEquipment 2025-04-01 2026-03-31 03381102 core:Vehicles 2025-04-01 2026-03-31 03381102 core:PlantMachinery 2025-04-01 2026-03-31 03381102 core:OtherPropertyPlantEquipment 2025-04-01 2026-03-31 03381102 core:LandBuildings 2026-03-31 03381102 core:PlantMachinery 2026-03-31 03381102 core:Vehicles 2026-03-31 03381102 core:FurnitureFittings 2026-03-31 03381102 core:OfficeEquipment 2026-03-31 03381102 core:OtherPropertyPlantEquipment 2026-03-31 03381102 core:Right-of-useAssets 2025-04-01 2026-03-31 03381102 core:Right-of-useAssets 2026-03-31 03381102 core:Goodwill 2025-04-01 2026-03-31 03381102 core:PatentsTrademarksLicencesConcessionsSimilar 2025-04-01 2026-03-31 03381102 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-04-01 2026-03-31 03381102 core:OtherResidualIntangibleAssets 2025-04-01 2026-03-31 03381102 core:Goodwill 2026-03-31 03381102 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2026-03-31 03381102 core:PatentsTrademarksLicencesConcessionsSimilar 2026-03-31 03381102 core:OtherResidualIntangibleAssets 2026-03-31 03381102 dpl:CostSales 2025-04-01 2026-03-31 03381102 dpl:AdministrativeExpenses 2025-04-01 2026-03-31 03381102 dpl:DistributionCosts 2025-04-01 2026-03-31 03381102 core:ShareCapital 2026-03-31 03381102 core:SharePremium 2026-03-31 03381102 core:RevaluationReserve 2026-03-31 03381102 core:OtherReservesSubtotal 2026-03-31 03381102 core:ShareCapitalPreferenceShares 2026-03-31 03381102 core:CapitalRedemptionReserve 2026-03-31 03381102 core:OtherCapitalReserve 2026-03-31 03381102 core:RetainedEarningsAccumulatedLosses 2026-03-31 03381102 core:ShareCapital 2025-04-01 2026-03-31 03381102 core:SharePremium 2025-04-01 2026-03-31 03381102 core:RevaluationReserve 2025-04-01 2026-03-31 03381102 core:OtherReservesSubtotal 2025-04-01 2026-03-31 03381102 core:RetainedEarningsAccumulatedLosses 2025-04-01 2026-03-31 03381102 1 2025-04-01 2026-03-31 03381102 2 2025-04-01 2026-03-31 03381102 core:ShareCapital 1 2025-04-01 2026-03-31 03381102 core:ShareCapital 2 2025-04-01 2026-03-31 03381102 core:SharePremium 1 2025-04-01 2026-03-31 03381102 core:SharePremium 2 2025-04-01 2026-03-31 03381102 core:RevaluationReserve 1 2025-04-01 2026-03-31 03381102 core:RevaluationReserve 2 2025-04-01 2026-03-31 03381102 core:RetainedEarningsAccumulatedLosses 1 2025-04-01 2026-03-31 03381102 core:RetainedEarningsAccumulatedLosses 2 2025-04-01 2026-03-31 03381102 1 2025-04-01 2026-03-31 03381102 core:Non-currentFinancialInstruments core:CostValuation 2025-04-01 03381102 core:Non-currentFinancialInstruments core:AdditionsToInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:DisposalsDecreaseInInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:TransfersIntoOrOutInvestmentsIncreaseDecreaseInInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:CostValuation 2026-03-31 03381102 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-04-01 03381102 core:Non-currentFinancialInstruments core:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:DisposalsDecreaseInProvisionsForImpairmentInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:ImpairmentLossReversalProvisionsForImpairmentInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:FurtherSpecificIncreaseDecreaseInProvisionsForImpairmentInvestments1ComponentCorrespondingTotal 2026-03-31 03381102 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2026-03-31 03381102 core:Non-currentFinancialInstruments 2026-03-31 03381102 core:Non-currentFinancialInstruments 2025-03-31 03381102 2024-04-01 03381102 2025-03-31 03381102 2024-04-01 2025-03-31 03381102 core:WithinOneYear 2025-03-31 03381102 core:AfterOneYear 2025-03-31 03381102 core:CurrentFinancialInstruments 2025-03-31 03381102 core:Non-currentFinancialInstruments 2025-03-31 03381102 core:LandBuildings 2025-03-31 03381102 core:PlantMachinery 2025-03-31 03381102 core:Vehicles 2025-03-31 03381102 core:FurnitureFittings 2025-03-31 03381102 core:OfficeEquipment 2025-03-31 03381102 core:OtherPropertyPlantEquipment 2025-03-31 03381102 core:Right-of-useAssets 2025-03-31 03381102 core:Goodwill 2025-03-31 03381102 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03381102 core:PatentsTrademarksLicencesConcessionsSimilar 2025-03-31 03381102 core:OtherResidualIntangibleAssets 2025-03-31 03381102 dpl:AdministrativeExpenses 2024-04-01 2025-03-31 03381102 core:ShareCapital 2025-03-31 03381102 core:SharePremium 2025-03-31 03381102 core:RevaluationReserve 2025-03-31 03381102 core:OtherReservesSubtotal 2025-03-31 03381102 core:ShareCapitalPreferenceShares 2025-03-31 03381102 core:CapitalRedemptionReserve 2025-03-31 03381102 core:OtherCapitalReserve 2025-03-31 03381102 core:RetainedEarningsAccumulatedLosses 2025-03-31 03381102 core:RetainedEarningsAccumulatedLosses 2024-04-01 03381102 core:ShareCapital 2024-04-01 03381102 core:SharePremium 2024-04-01 03381102 core:RevaluationReserve 2024-04-01 03381102 core:ShareCapital 2024-04-01 2025-03-31 03381102 core:SharePremium 2024-04-01 2025-03-31 03381102 core:RevaluationReserve 2024-04-01 2025-03-31 03381102 core:OtherReservesSubtotal 2024-04-01 2025-03-31 03381102 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 03381102 bus:Director1 2025-04-01 2026-03-31 03381102 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31
SHELDON REED LIMITED
Unaudited Financial Statements
for the year ended 31 March 2026
Company registration number 03381102
(England and Wales)

# Company Information

For the year ended 31 March 2026

Director | Mcanulla, Stephen James

Registered office | Walker House
| Market Place
| Somerton
| TA11 7LX

Registered number | 03381102

Accountant | Blue Lias Accounting Limited
| Walker House
| Market Place
| Somerton
| Somerset
| TA11 7LX

# Statement of Financial Position

As at 31 March 2026

| Notes |
2026
2025
£
£
£
£
Fixed assets
Intangible assets
44
(89)
Tangible assets
| 4 |
1,648
1,418
1,692
1,329
Current assets
Stocks
| 5 |
3,030
2,475
Debtors
| 6 |
27,173
43,350
Cash at bank and in hand
| 7 |
11,119
31,451
41,322
77,276
Creditors
Amounts falling due within one year
| 8 |
(18,861)
(37,704)
(18,861)
(37,704)
Net current assets (liabilities)
22,461
39,572
Total assets less current liabilities
24,153
40,901
Net assets (liabilities)
24,153
40,901
Capital and reserves
Called up share capital
| 10 |
3,000
3,000
Profit and loss account
21,153
37,901
Total equity
24,153
40,901

The company is a private company limited by shares and registered in England and Wales. It 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 financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 26 May 2026 and are signed on its behalf by:

Mcanulla, Stephen James Mcanulla, Stephen James Director |

Company registration number 03381102

# Notes to the Financial Statements

For the year ended 31 March 2026

### 1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

### 2. Accounting policies

### 2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

### 2.2. Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

### 2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

### 2.4. Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

### 2.5. Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

### 2.6. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate
Method
%
Office and computer equipment
25
Reducing balance

### 2.7. Stocks and work in progress

Inventories are measured 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, inventories are assessed for impairment. If an item of inventory is impaired, the carrying amount is reduced to its selling price less costs to complete and sell, and the impairment loss is recognised immediately in the income statement. When inventories are sold, the carrying amount is recognised as an expense in the period in which the related revenue is recognised.

For long-term contracts where the company provides services or bespoke goods, work in progress is recognised as a contract asset. These are measured by reference to the stage of completion of the contract activity at the reporting date, based on the progress made towards the complete satisfaction of the performance obligations.

### 2.8. Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

### 2.9. Trade and other creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

### 2.10. Share capital

Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

### 3. Employees

The average number of employees during the year was 0 (2025: 0).

### 4. Tangible fixed assets

Office equipment
Total
£
£
Cost
At 1 April 2025
18,905
18,905
Additions
780
780
At 31 March 2026
19,685
19,685
Depreciation and impairment
At 1 April 2025
17,487
17,487
Charge for the period
550
550
At 31 March 2026
18,037
18,037
Net book value
At 31 March 2026
1,648
1,648
At 31 March 2025
1,418
1,418

### 5. Stocks and work in progress

2026
2025
£
£
Work in progress
3,030
2,475
Total
3,030
2,475

### 6. Debtors

2026
2025
£
£
Trade debtors
13,236
29,220
Other debtors
13,937
14,130
Total due within one year
27,173
43,350
Total due after one year
-
-
Total
27,173
43,350

### 7. Cash at bank and in hand

2026
2025
£
£
Cash at bank
11,119
31,451
Total
11,119
31,451

### 8. Creditors due within one year

2026
2025
£
£
Trade creditors
-
325
Directors loan account
388
40
Taxation and social security
17,117
36,090
Accruals and deferred income
1,356
1,249
Total
18,861
37,704

### 9. Deferred Tax

The deferred tax asset and provision consists of the following deferred tax liabilities/(assets):

2026
2025
£
£
Revalued fixed assets
(44)
89
Net deferred tax liabilities/(assets)
(44)
89
Deferred tax assets
44
(89)
Net deferred tax liabilities/(assets)
(44)
89

The values of the deferred tax liabilities/(assets) at the balance sheet date have been calculated using the applicable rate when the asset is expected to be realised.

### 10. Share capital

2026
2025
£
£
Allotted, called up and fully paid
Ordinary Shares
3,000
3,000
Total
3,000
3,000