Shearman Bowen Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07276201 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

Shearman Bowen Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M Bowen

REGISTERED OFFICE:

6-9 Snow Hill

London

EC1A 2AY

REGISTERED NUMBER:

07276201 (England and Wales)

ACCOUNTANTS:

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

FIXED ASSETS

Intangible assets

5

-

Tangible assets

6

1,889

1,591

1,889

1,591

CURRENT ASSETS

Stocks

5,000

Debtors

7

1,506,634

986,945

Cash at bank

64,867

14,525

1,576,501

1,006,470

CREDITORS

Amounts falling due within one year

8

950,265

435,079

NET CURRENT ASSETS

626,236

571,391

TOTAL ASSETS LESS CURRENT
LIABILITIES

628,125

572,982

CREDITORS

Amounts falling due after more than one year

9

(5,594

)

(65,660

)

PROVISIONS FOR LIABILITIES

(472

)

(398

)

NET ASSETS

622,059

506,924

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

621,959

506,824

SHAREHOLDERS' FUNDS

622,059

506,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 August 2026 and were signed by:

M Bowen - Director

1.	STATUTORY INFORMATION

Shearman Bowen 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

Compliance with accounting standards

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

Going concern

These financial statements are prepared on the going concern basis. The director has a reasonable expectation that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends on the continuing support of the company director and shareholder. If the company were unable to continue in existence for the foreseeable future, adjustments would be necessary to reduce the balance sheet values of assets to their recoverable amounts and to reclassify fixed assets as current assets.

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 2006, is being amortised evenly over its estimated useful life of five 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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 December 2024

and 30 November 2025

500,000

19,680

519,680

AMORTISATION

At 1 December 2024

and 30 November 2025

500,000

19,680

519,680

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

6.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2024

29,668

Additions

2,052

At 30 November 2025

31,720

DEPRECIATION

At 1 December 2024

28,077

Charge for year

1,754

At 30 November 2025

29,831

NET BOOK VALUE

At 30 November 2025

1,889

At 30 November 2024

1,591

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

as restated

£

Trade debtors

467,015

120,718

Amounts owed by group undertakings

253,955

Other debtors

785,664

612,272

1,506,634

986,945

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/25

30/11/24

as restated

£

Bank loans and overdrafts

152,991

48,121

Trade creditors

298,756

-

Taxation and social security

230,367

288,549

Other creditors

268,151

98,409

950,265

435,079

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30/11/25

30/11/24

as restated

£

Bank loans

5,594

65,660

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30/11/25

30/11/24

as restated

£

M Bowen

Balance outstanding at start of year

444,884

381,819

Amounts advanced

120,213

63,065

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

565,097

444,884

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Shearman Bowen Holdings Limited.

The ultimate controlling party is M Bowen.