Registered Number
:
08720732
|
For the year ended 31 December 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 December 2022
Shavekit Ltd
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
Shavekit Ltd
Statement of Financial Position
2021
2022
801
874
2
Property
,
plant and equipment
|
3,608
5,160
3
4,409
6,034
172,058
141,577
4
Trade and other receivables
|
10,766
37,672
5
318,884
Cash and cash equivalents
|
166,095
345,344
501,708
Trade and other payables
:
amounts falling due within one
|
year
|
(323,277)
(242,053)
6
178,431
103,291
Net current assets
Total assets less current liabilities
|
107,700
184,465
Trade and other payables
:
amounts falling due after more
|
than one year
|
(49,167)
(39,167)
7
68,533
Net assets
135,298
2,068
2,068
1,754,838
1,754,838
(1,688,373)
(1,621,608)
68,533
135,298
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
|
1 of 5
For the year ended 31 December 2022
Shavekit Ltd
Statement of Financial Position Continued
Bevan Thomas Harrow Director
|
These financial statements were approved and authorised for issue by the Board on 22 March 2023 and were signed by:
|
The notes form part of these financial statements
|
2 of 5
For the year ended 31 December 2022
Shavekit Ltd
Notes to the Financial Statements
Statutory Information
Shavekit Ltd is a private limited company
,
limited by shares
,
domiciled in England and Wales
,
registration
|
number
08720732
.
|
Suite 308 Reaver House
12 East Street
Epsom
Surrey
KT17 1HX
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention as
|
modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Research and development
Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.
|
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Computer equipment
Office equipment
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
3 of 5
For the year ended 31 December 2022
Shavekit Ltd
Notes to the Financial Statements Continued
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
|
2
.
Intangible fixed assets
|
1,466
1,466
592
73
Charge for year
665
801
874
3
.
Property
,
plant and equipment
|
13,298
12,761
537
537
12,761
13,298
Provision for depreciation and impairment
|
8,138
7,826
312
Charge for year
1,552
1,444
108
9,690
9,270
420
117
3,491
3,608
225
4,935
5,160
2021
2022
141,577
172,058
4 of 5
For the year ended 31 December 2022
Shavekit Ltd
Notes to the Financial Statements Continued
5
.
Trade and other receivables
|
2021
2022
213
1,921
37,459
8,845
10,766
37,672
6
.
Trade and other payables
:
amounts falling due within one year
|
2021
2022
116,815
186,127
Taxation and social security
|
34,558
48,858
90,680
88,292
242,053
323,277
7
.
Trade and other payables
:
amounts falling due after more than one year
|
2021
2022
39,167
49,167
8
.
Average number of persons employed
|
During the year the average number of employees was 6 (2021 : 7)
5 of 5