P S Shelley Master Thatcher Ltd Company accounts

COMPANY REGISTRATION NUMBER: 09834134

P S Shelley Master Thatcher Ltd

Unaudited Financial Statements

31 March 2026

P S Shelley Master Thatcher Ltd

Financial Statements

Year ended 31 March 2026

Contents	Page

Director's report	1

Report to the director on the preparation of the unaudited statutory financial statements	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

P S Shelley Master Thatcher Ltd

Director's Report

Year ended 31 March 2026

The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2026 .

Principal activities

The principal activity of the company during the year was thatching.

Director

The director who served the company during the year was as follows:

Mr Shelley

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 22 May 2026 and signed on behalf of the board by:

Mr Shelley
Director

Registered office:

11 Purdeys Way

Rochford

Esses

England

SS4 1ND

P S Shelley Master Thatcher Ltd

Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of P S Shelley Master Thatcher Ltd

Year ended 31 March 2026

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2026, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

S R A ACCOUTANCY & TAXATION SERVICES Chartered accountants

Unit 11+13 Purdeys way Rochford Essex SS4 1ND

22 May 2026

P S Shelley Master Thatcher Ltd

Statement of Income and Retained Earnings

Year ended 31 March 2026

	2026	2025
Note	£	£
Turnover	480,700	325,600

Cost of sales	167,616	166,807
	---------	---------
Gross profit	313,084	158,793

Administrative expenses	58,074	59,674
	---------	---------
Operating profit	255,010	99,119

Other interest receivable and similar income		323	330
Interest payable and similar expenses		1,071	1,071
		---------	---------
Profit before taxation	5	254,262	98,378

Tax on profit	64,159	22,742
	---------	--------
Profit for the financial year and total comprehensive income	190,103	75,636
	---------	--------

Dividends paid and payable	( 156,000)	( 84,000)

Retained earnings at the start of the year	202	8,567
	---------	--------
Retained earnings at the end of the year	34,305	203
	---------	--------

All the activities of the company are from continuing operations.

P S Shelley Master Thatcher Ltd

Statement of Financial Position

31 March 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	6	30,191	34,299

Current assets

Stocks		5,000	2,800
Debtors	7	–	1,307
Cash at bank and in hand		83,039	9,893
		--------	--------
		88,039	14,000

Creditors: amounts falling due within one year	8	83,924	41,466
		--------	--------
Net current assets/(liabilities)		4,115	( 27,466)
		--------	--------
Total assets less current liabilities		34,306	6,833

Creditors: amounts falling due after more than one year	9	–	6,629
		--------	-------
Net assets		34,306	204
		--------	-------

Capital and reserves

Called up share capital	1	1
Profit and loss account	34,305	203
	--------	----
Shareholders funds	34,306	204
	--------	----

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2026 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

P S Shelley Master Thatcher Ltd

Statement of Financial Position (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 22 May 2026 , and are signed on behalf of the board by:

Mr Shelley
Director

Company registration number: 09834134

P S Shelley Master Thatcher Ltd

Notes to the Financial Statements

Year ended 31 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Purdeys Way, Rochford, Esses, SS4 1ND, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	20% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2026	2025
	£	£
Depreciation of tangible assets	8,899	10,377
	-------	--------

6. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 April 2025	38,451	34,465	72,916
Additions	–	4,791	4,791
	--------	--------	--------
At 31 March 2026	38,451	39,256	77,707
	--------	--------	--------
Depreciation
At 1 April 2025	16,822	21,795	38,617
Charge for the year	5,407	3,492	8,899
	--------	--------	--------
At 31 March 2026	22,229	25,287	47,516
	--------	--------	--------
Carrying amount
At 31 March 2026	16,222	13,969	30,191
	--------	--------	--------
At 31 March 2025	21,629	12,670	34,299
	--------	--------	--------

7. Debtors

	2026	2025
	£	£
Other debtors	–	1,307
	----	-------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Corporation tax	64,160	20,619
Social security and other taxes	12,285	11,208
Other creditors	7,479	9,639
	--------	--------
	83,924	41,466
	--------	--------

9. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Other creditors	–	6,629
	----	-------

10. Director's advances, credits and guarantees