Company Registration No. 8111738 (England and Wales)
Shere Engineering Ltd
Unaudited accounts
for the year ended 30 June 2022
Shere Engineering Ltd
Unaudited accounts
Contents
Shere Engineering Ltd
Company Information
for the year ended 30 June 2022
Directors
Mr William Michael Shere
Mrs Catherine Lucy Shere
Company Number
8111738 (England and Wales)
Registered Office
Unit 1 Pitt Farm
Muxbeare Lane, Uffculme
Cullompton
Devon
EX15 3BY
Accountants
Jenkins Accountants Ltd
17 Oaktree Road
South Molton
Devon
EX36 4FJ
Shere Engineering Ltd
Statement of financial position
as at
30 June 2022
Tangible assets
12,310
15,338
Cash at bank and in hand
12,705
20,872
Creditors: amounts falling due within one year
(22,549)
(24,957)
Net current assets
31,016
48,183
Total assets less current liabilities
43,326
63,521
Creditors: amounts falling due after more than one year
(40,834)
(50,000)
Provisions for liabilities
Deferred tax
(2,339)
(2,914)
Called up share capital
20
20
Profit and loss account
133
10,587
Shareholders' funds
153
10,607
For the year ending 30 June 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 26 October 2022 and were signed on its behalf by
Mr William Michael Shere
Director
Company Registration No. 8111738
Shere Engineering Ltd
Notes to the Accounts
for the year ended 30 June 2022
Shere Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 8111738. The registered office is Unit 1 Pitt Farm, Muxbeare Lane, Uffculme, Cullompton, Devon, EX15 3BY.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Shere Engineering Ltd
Notes to the Accounts
for the year ended 30 June 2022
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 July 2021
43,009
2,699
45,708
At 30 June 2022
43,159
2,699
45,858
At 1 July 2021
28,145
2,225
30,370
Charge for the year
3,083
95
3,178
At 30 June 2022
31,228
2,320
33,548
At 30 June 2022
11,931
379
12,310
At 30 June 2021
14,864
474
15,338
Amounts falling due within one year
Trade debtors
30,059
43,604
Accrued income and prepayments
4,824
5,074
7
Creditors: amounts falling due within one year
2022
2021
Trade creditors
4,237
6,848
Taxes and social security
9,372
8,781
Loans from directors
1,722
2,021
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 3 (2021: 3).