Sheila Farrell Associates Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04605741

Sheila Farrell Associates Limited

Filleted Unaudited Financial Statements

31 August 2026

Sheila Farrell Associates Limited

Statement of Financial Position

31 August 2026

	31 Aug 26		31 Mar 25
Note	£	£	£

Fixed assets

Tangible assets	5		500	–

Current assets

Debtors	6	121	57
Cash at bank and in hand		24,935	45,345
		--------	--------
		25,056	45,402

Creditors: amounts falling due within one year	7	3,650		6,567
		--------		--------
Net current assets			21,406	38,835
			--------	--------
Total assets less current liabilities			21,906	38,835
			--------	--------
Net assets			21,906	38,835
			--------	--------

Capital and reserves

Called up share capital	5	5
Profit and loss account	21,901	38,830
	--------	--------
Shareholders funds	21,906	38,835
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 August 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 members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sheila Farrell Associates Limited

Statement of Financial Position (continued)

31 August 2026

These financial statements were approved by the board of directors and authorised for issue on 21 October 2026 , and are signed on behalf of the board by:

Mrs S Farrell
Director

Company registration number: 04605741

Sheila Farrell Associates Limited

Notes to the Financial Statements

Period from 1 April 2025 to 31 August 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is C/O Moore Kingston Smith, 5 Godalming Business Centre, Woolsack Way, Goldalming,, GU7 1XW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Foreign currency

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2025: 1 ).

5. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2025	1,597	1,597
Additions	500	500
	-------	-------
At 31 August 2026	2,097	2,097
	-------	-------
Depreciation
At 1 April 2025 and 31 August 2026	1,597	1,597
	-------	-------
Carrying amount
At 31 August 2026	500	500
	-------	-------
At 31 March 2025	–	–
	-------	-------

6. Debtors

	31 Aug 26	31 Mar 25
	£	£
Other debtors	121	57
	----	----

7. Creditors: amounts falling due within one year

	31 Aug 26	31 Mar 25
	£	£
Other creditors	3,650	6,567
	-------	-------

8. Director's advances, credits and guarantees

At the year end, the company owed £1,300 to the director (2025: £4,917)