Shepherd Hills Furniture Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08149914 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

SHEPHERD HILLS FURNITURE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

E Martin

K Witmer

L H Witmer

J A Martin

SECRETARY:

K Witmer

REGISTERED OFFICE:

44 Shrewsbury Road

Craven Arms

Shropshire

SY7 9PY

REGISTERED NUMBER:

08149914 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

FIXED ASSETS

Tangible assets

5

118,749

130,574

CURRENT ASSETS

Stocks

297,572

272,797

Debtors

6

61,927

72,364

Cash at bank and in hand

23,510

99,916

383,009

445,077

CREDITORS

Amounts falling due within one year

7

413,672

342,096

NET CURRENT (LIABILITIES)/ASSETS

(30,663

)

102,981

TOTAL ASSETS LESS CURRENT
LIABILITIES

88,086

233,555

CREDITORS

Amounts falling due after more than one
year

8

-

(97,464

)

PROVISIONS FOR LIABILITIES

(16,800

)

(1,085

)

NET ASSETS

71,286

135,006

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

71,186

134,906

SHAREHOLDERS' FUNDS

71,286

135,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 1 June 2026 and were signed on its behalf by:

K Witmer - Director

1.	STATUTORY INFORMATION

Shepherd Hills Furniture 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The accounts are prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

33% on cost, 20% on cost and 10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Computer equipment

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grants

Grants are credited to the profit and loss account when received.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 October 2024

70,111

212,516

38,905

Additions

1,066

28,571

3,199

Disposals

-

(5,000

)

-

At 30 September 2025

71,177

236,087

42,104

DEPRECIATION

At 1 October 2024

48,314

135,277

25,546

Charge for year

8,825

28,786

1,452

Eliminated on disposal

-

(5,000

)

-

At 30 September 2025

57,139

159,063

26,998

NET BOOK VALUE

At 30 September 2025

14,038

77,024

15,106

At 30 September 2024

21,797

77,239

13,359

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 October 2024

21,814

9,293

352,639

Additions

-

32,836

Disposals

-

(5,000

)

At 30 September 2025

21,814

9,293

380,475

DEPRECIATION

At 1 October 2024

3,635

9,293

222,065

Charge for year

5,598

-

44,661

Eliminated on disposal

-

(5,000

)

At 30 September 2025

9,233

9,293

261,726

NET BOOK VALUE

At 30 September 2025

12,581

-

118,749

At 30 September 2024

18,179

-

130,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

56,402

43,027

Other debtors

4,254

24,254

Prepayments

1,271

5,083

61,927

72,364

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Other loans

139,000

176,500

Trade creditors

16,453

24,369

Tax

6,530

-

VAT

16,659

17,988

Other creditors

107,658

93,635

Directors' current accounts

91,610

-

Accrued expenses

35,762

29,604

413,672

342,096

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.9.25

30.9.24

£

Directors' loan accounts

-

97,464

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.25

30.9.24

£

Within one year

33,000

Between one and five years

71,500

105,000

104,500

138,000

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shepherd Hills Furniture Limited for the year ended 30 September 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shepherd Hills Furniture Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shepherd Hills Furniture Limited and state those matters that we have agreed to state to the Board of Directors of Shepherd Hills Furniture Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shepherd Hills Furniture Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shepherd Hills Furniture Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shepherd Hills Furniture Limited. You consider that Shepherd Hills Furniture Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shepherd Hills Furniture Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

2 June 2026