Company Registration No. 06700850 (England and Wales)
Shane Sissons Loft Conversions Ltd
Unaudited accounts
for the year ended 30 September 2023
Shane Sissons Loft Conversions Ltd
Unaudited accounts
Contents
Shane Sissons Loft Conversions Ltd
Company Information
for the year ended 30 September 2023
Company Number
06700850 (England and Wales)
Registered Office
9 NEW LANE
HOLGATE
YORK
YO24 4NT
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
Shane Sissons Loft Conversions Ltd
Statement of financial position
as at 30 September 2023
Tangible assets
8,445
11,047
Cash at bank and in hand
10,907
199
Creditors: amounts falling due within one year
(33,244)
(27,659)
Net current assets
23,238
11,949
Total assets less current liabilities
31,683
22,996
Creditors: amounts falling due after more than one year
(11,676)
(22,000)
Provisions for liabilities
Called up share capital
100
100
Profit and loss account
18,269
896
Shareholders' funds
18,369
996
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2024 and were signed on its behalf by
S. Sissons
Director
Company Registration No. 06700850
Shane Sissons Loft Conversions Ltd
Notes to the Accounts
for the year ended 30 September 2023
Shane Sissons Loft Conversions Ltd is a private company, limited by shares, registered in England and Wales, registration number 06700850. The registered office is 9 NEW LANE, HOLGATE, YORK, YO24 4NT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
33% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Shane Sissons Loft Conversions Ltd
Notes to the Accounts
for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2022
3,376
18,557
642
22,575
At 30 September 2023
3,376
18,557
798
22,731
At 1 October 2022
2,773
8,119
636
11,528
Charge for the year
91
2,609
58
2,758
At 30 September 2023
2,864
10,728
694
14,286
At 30 September 2023
512
7,829
104
8,445
At 30 September 2022
603
10,438
6
11,047
Amounts falling due within one year
Accrued income and prepayments
918
-
Other debtors
35,854
30,077
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,600
9,691
Trade creditors
1,819
2,187
Taxes and social security
13,730
6,613
7
Creditors: amounts falling due after more than one year
2023
2022
Shane Sissons Loft Conversions Ltd
Notes to the Accounts
for the year ended 30 September 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
1,638
-
Charged to the profit and loss account
1,638
-
Provision at end of year
1,638
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Director
27,991
49,708
41,845
35,854
27,991
49,708
41,845
35,854
Overdrawn Directors Loan Account as at 30th September 2023. Repaid within 9 months and 1 day following the end of the Accounting Period.
11
Transactions with related parties
During the year, total dividends of £23,390 (2022: £24,116) were paid to the director.
12
Average number of employees
During the year the average number of employees was 1 (2022: 1).