Company Registration No. 10543693 (England and Wales)
Sheepers Ltd
Unaudited accounts
for the year ended 31 January 2022
Sheepers Ltd
Unaudited accounts
Contents
Sheepers Ltd
Company Information
for the year ended 31 January 2022
Director
Mrs N. Skowronek
Company Number
10543693 (England and Wales)
Registered Office
1 THANE WORKS
LONDON
N7 7NU
ENGLAND
Accountants
SQK Accountancy Limited
275 Deansgate
Manchester
North West England
M3 4EL
Sheepers Ltd
Accountants' report
Accountants' report to the director of Sheepers Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Sheepers Ltd for the year ended
31 January 2022 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sheepers Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sheepers Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sheepers Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sheepers Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sheepers Ltd. You consider that Sheepers Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sheepers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SQK Accountancy Limited
275 Deansgate
Manchester
North West England
M3 4EL
31 October 2022
Sheepers Ltd
Statement of financial position
as at
31 January 2022
Tangible assets
2,293
2,615
Cash at bank and in hand
119,170
196,711
Creditors: amounts falling due within one year
(73,388)
(126,475)
Net current assets
58,916
100,144
Total assets less current liabilities
61,209
102,759
Creditors: amounts falling due after more than one year
(74,252)
(50,000)
Net (liabilities)/assets
(13,043)
52,759
Called up share capital
1
1
Profit and loss account
(13,044)
52,758
Shareholders' funds
(13,043)
52,759
For the year ending 31 January 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 director acknowledges her 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 31 October 2022 and were signed on its behalf by
Mrs N. Skowronek
Director
Company Registration No. 10543693
Sheepers Ltd
Notes to the Accounts
for the year ended 31 January 2022
Sheepers Ltd is a private company, limited by shares, registered in England and Wales, registration number 10543693. The registered office is 1 THANE WORKS, LONDON, N7 7NU, ENGLAND.
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:
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 February 2021
-
3,967
3,967
At 31 January 2022
1,500
3,967
5,467
At 1 February 2021
-
1,352
1,352
Charge for the year
500
1,322
1,822
At 31 January 2022
500
2,674
3,174
At 31 January 2022
1,000
1,293
2,293
At 31 January 2021
-
2,615
2,615
Amounts falling due within one year
Sheepers Ltd
Notes to the Accounts
for the year ended 31 January 2022
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
23,456
-
Taxes and social security
67
11,035
Loans from directors
15,183
16,196
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).