Sheppard Rockey & Williams Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05411592 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHEPPARD ROCKEY & WILLIAMS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

S L Williams

J Mackie

SECRETARY:

R Williams

REGISTERED OFFICE:

Sannerville Chase

Exminster

Exeter

Devon

EX6 8AT

REGISTERED NUMBER:

05411592 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

748

Tangible assets

5

1,000

1,932

1,000

2,680

CURRENT ASSETS

Stocks

140,188

150,784

Debtors

6

110,606

121,243

Cash at bank and in hand

9,951

42

260,745

272,069

CREDITORS

Amounts falling due within one year

7

121,559

148,404

NET CURRENT ASSETS

139,186

123,665

TOTAL ASSETS LESS CURRENT
LIABILITIES

140,186

126,345

CREDITORS

Amounts falling due after more than one
year

8

(70,000

)

(23,985

)

PROVISIONS FOR LIABILITIES

(441

)

(441

)

NET ASSETS

69,745

101,919

CAPITAL AND RESERVES

Called up share capital

10

200

Retained earnings

69,545

101,719

SHAREHOLDERS' FUNDS

69,745

101,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 26 November 2025 and were signed on its behalf by:

S L Williams - Director

1.	STATUTORY INFORMATION

Sheppard Rockey & Williams 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 represents invoiced sales of services, net of value added tax.

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.

Computer equipment

-

33% on reducing balance

Furniture

-

10% on cost

Stocks

Stocks include work in progress which is valued at the lower of our standard charge out rates or net realisable value.

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.

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 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

481,922

AMORTISATION

At 1 April 2024

481,174

Amortisation for year

748

At 31 March 2025

481,922

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

748

5.	TANGIBLE FIXED ASSETS

Reference

Computer

books

equipment

Furniture

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,000

112,479

14,816

128,295

DEPRECIATION

At 1 April 2024

-

111,800

14,563

126,363

Charge for year

-

679

253

932

At 31 March 2025

-

112,479

14,816

127,295

NET BOOK VALUE

At 31 March 2025

1,000

-

1,000

At 31 March 2024

1,000

679

253

1,932

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

87,417

101,217

Other debtors

23,189

20,026

110,606

121,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

20,796

33,547

Taxation and social security

37,238

43,199

Other creditors

63,525

71,658

121,559

148,404

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

-

23,985

Other creditors

70,000

-

70,000

23,985

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

Bank overdraft

-

11,165

Bank loans

20,796

46,367

20,796

57,532

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

160

Ordinary Class A

£1

160

40

Ordinary Class B

£1

40

200

11.	RELATED PARTY DISCLOSURES

Included in other creditors is a loan from one of the directors of £12,355 (2024 - £17,848). The loan is interest free, unsecured and repayable on demand.

The officers, S L Williams and R Williams, have given personal guarantees in respect of the bank overdraft and bank loan.