G & S Sheen Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04506883 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

G & S Sheen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

G Sheen

J R Eniffer

Mrs S Sheen

REGISTERED OFFICE:

110 Old Road

Clacton-on-Sea

Essex

CO15 3AA

REGISTERED NUMBER:

04506883 (England and Wales)

ACCOUNTANTS:

Clacton Business Services Ltd

Chartered Accountants

Hurlingham Chambers

61 Station Road

Clacton on Sea

Essex

CO15 1SD

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

389,925

391,488

389,925

391,488

CURRENT ASSETS

Debtors

6

163,078

111,608

Cash at bank and in hand

272,191

169,889

435,269

281,497

CREDITORS

Amounts falling due within one year

7

176,877

141,563

NET CURRENT ASSETS

258,392

139,934

TOTAL ASSETS LESS CURRENT
LIABILITIES

648,317

531,422

CREDITORS

Amounts falling due after more than one year

8

(133,224

)

(155,625

)

PROVISIONS FOR LIABILITIES

(1,343

)

(1,769

)

NET ASSETS

513,750

374,028

CAPITAL AND RESERVES

Called up share capital

9

103

Capital redemption reserve

1

Retained earnings

513,646

373,924

SHAREHOLDERS' FUNDS

513,750

374,028

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 18 June 2026 and were signed on its behalf by:

G Sheen - Director

1.	STATUTORY INFORMATION

G & S Sheen 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Goodwill - Over 20 years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 October 2024

and 30 September 2025

44,768

AMORTISATION

At 1 October 2024

and 30 September 2025

44,768

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 October 2024

and 30 September 2025

384,412

83,049

467,461

DEPRECIATION

At 1 October 2024

-

75,973

Charge for year

-

1,563

At 30 September 2025

-

77,536

NET BOOK VALUE

At 30 September 2025

384,412

5,513

389,925

At 30 September 2024

384,412

7,076

391,488

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

Trade debtors

145,342

98,657

Amounts owed by group undertakings

13,369

8,632

Other debtors

4,367

4,319

163,078

111,608

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/9/25

30/9/24

£

Bank loans and overdrafts

22,500

Amounts owed to group undertakings

-

4,093

Taxation and social security

152,277

111,970

Other creditors

2,100

3,000

176,877

141,563

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/9/25

30/9/24

£

Bank loans

133,125

155,625

Taxation and social security

99

-

133,224

155,625

30/9/25

30/9/24

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

43,125

65,625

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/9/25

30/9/24

value:

£

100

Ordinary

£100

100

1

Ordinary A

£1

1

Ordinary B

£1

1

Ordinary C

£1

1

103

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30/9/25

30/9/24

£

G Sheen and Mrs S Sheen

Balance outstanding at start of year

4,319

(829

)

Amounts advanced

85,968

134,718

Amounts repaid

(86,600

)

(129,570

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,687

4,319

J R Eniffer

Balance outstanding at start of year

-

Amounts advanced

41,080

-

Amounts repaid

(40,400

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

680

-

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G Sheen.

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 G & S Sheen Limited for the year ended 30 September 2025 which comprise the Income Statement, Balance Sheet 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 G & S Sheen Limited, as a body, in accordance with the terms of our engagement letter dated 29 June 2011. Our work has been undertaken solely to prepare for your approval the financial statements of G & S Sheen Limited and state those matters that we have agreed to state to the Board of Directors of G & S Sheen 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 G & S Sheen Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G & S Sheen 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 G & S Sheen Limited. You consider that G & S Sheen 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 G & S Sheen 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.

Clacton Business Services Ltd

Chartered Accountants

Hurlingham Chambers

61 Station Road

Clacton on Sea

Essex

CO15 1SD

18 June 2026