Registration number:
Sheppard's Construction Limited
trading as
for the
Year Ended 31 March 2026
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Contents
|
Company Information |
|
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Company Information
|
Director |
Mr Stuart Douglas Sheppard |
|
Registered office |
|
|
Accountants |
|
Sheppard's Construction Limited
trading as Sheppards Construction Limited
(Registration number: 10618903)
Balance Sheet as at 31 March 2026
|
Note |
2026 |
2025 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
- |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
2 |
2 |
|
|
Retained earnings |
94,160 |
55,552 |
|
|
Shareholders' funds |
94,162 |
55,554 |
For the financial 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Sheppard's Construction Limited
trading as Sheppards Construction Limited
(Registration number: 10618903)
Balance Sheet as at 31 March 2026
(continued)
Approved and authorised by the
|
......................................... |
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
|
General information |
The company is a private company limited by share capital, incorporated in Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
2 |
Accounting policies (continued) |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
2 |
Accounting policies (continued) |
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Motor vehicles |
20% of written down value per annum |
|
Plant and machinery |
20% of written down value per annum |
|
Computer equipment |
25% of straight line |
|
Fixtures and fittings |
20% of straight line |
Stocks
Stocks are stated 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, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
2 |
Accounting policies (continued) |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
|
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
Tangible assets |
|
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||
|
At 1 April 2025 |
|
|
|
|
Additions |
|
|
|
|
Disposals |
( |
- |
( |
|
At 31 March 2026 |
|
|
|
|
Depreciation |
|||
|
At 1 April 2025 |
|
|
|
|
Charge for the year |
|
|
|
|
Eliminated on disposal |
( |
- |
( |
|
At 31 March 2026 |
|
|
|
|
Carrying amount |
|||
|
At 31 March 2026 |
|
|
|
|
At 31 March 2025 |
|
|
|
|
Stocks |
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
5 |
Stocks (continued) |
|
2026 |
2025 |
|
|
Work in progress |
|
|
|
Other inventories |
|
|
|
|
|
|
Debtors |
|
Current |
Note |
2026 |
2025 |
|
Trade debtors |
|
|
|
|
Amounts owed by related parties |
|
- |
|
|
Prepayments |
|
|
|
|
Other debtors |
|
|
|
|
|
|
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
Creditors |
Creditors: amounts falling due within one year
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
- |
|
|
|
Taxation and social security |
|
|
|
|
Accruals and deferred income |
|
|
|
|
Other creditors |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
Note |
2026 |
2025 |
|
|
Due after one year |
|||
|
Loans and borrowings |
- |
|
|
Share capital |
Allotted, called up and fully paid shares
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
8 |
Share capital (continued) |
|
2026 |
2025 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
2 |
|
2 |
|
Loans and borrowings |
Non-current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
- |
|
Current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
|
|
Bank borrowings
|
The bank which totals £3,234 is secured by the UK goverment. |
Sheppard's Construction Limited
trading as Sheppards Construction Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
(continued)
|
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £