REGISTERED NUMBER: 14095179 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2026

for

Sherlock Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr R M Sherlock

REGISTERED OFFICE:

Enterprise Cottage

Chilcomb

Winchester

Hampshire

SO21 1HT

REGISTERED NUMBER:

14095179 (England and Wales)

ACCOUNTANTS:

Don Roper Accountant Limited

Linden Lea

Allington Lane

West End

Southampton

Hampshire

SO30 3HQ

FIXED ASSETS

Tangible assets

4

3,316

3,543

CURRENT ASSETS

Stocks

5

50,000

-

Debtors

6

19,591

105

Cash at bank

1,509

32,519

71,100

32,624

CREDITORS

Amounts falling due within one year

7

74,404

5,406

NET CURRENT (LIABILITIES)/ASSETS

(3,304

)

27,218

TOTAL ASSETS LESS CURRENT LIABILITIES

12

30,761

CAPITAL AND RESERVES

Called up share capital

8

12

12

Retained earnings

9

-

30,749

SHAREHOLDERS' FUNDS

12

30,761

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2026 and were signed by:

Mr R M Sherlock - Director

1.	STATUTORY INFORMATION

Sherlock Projects Ltd 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.	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.

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

-

25% on reducing balance

Computer equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2025

6,619

749

7,368

Additions

-

833

833

At 31 May 2026

6,619

1,582

8,201

DEPRECIATION

At 1 June 2025

3,557

268

3,825

Charge for year

766

294

1,060

At 31 May 2026

4,323

562

4,885

NET BOOK VALUE

At 31 May 2026

2,296

1,020

3,316

At 31 May 2025

3,062

481

3,543

5.

STOCKS

31.5.26

31.5.25

£

£

Work-in-progress

50,000

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Other debtors

19,256

-

VAT

335

105

19,591

105

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

£

Corporation tax

-

(3,167

)

Directors' current accounts

72,807

7,013

Accrued expenses

1,597

1,560

74,404

5,406

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.26

31.5.25

value:

£

£

12

Ordinary A

£1

12

12

9.

RESERVES

Retained

earnings

£

At 1 June 2025

30,749

Deficit for the year

(7,382

)

Dividends

(23,367

)

At 31 May 2026

-

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2026 and 31 May 2025:

31.5.26

31.5.25

£

£

Mr R M Sherlock

Balance outstanding at start of year

(7,013

)

(7,425

)

Amounts advanced

6,633

4,272

Amounts repaid

(72,427

)

(3,860

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(72,807

)

(7,013

)

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £23,367 (2025 - £30,000) were paid to the director .

The company was under the control of Mr R Sherlock throughout the current period. Mr R Sherlock is the managing director and majority shareholder.

No transactions with related parties were undertaken such as are required to be disclosed under section 1a (Small entities) for Financial Reporting Standard 102.