Shirethorn Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01374725 (England and Wales)

Financial Statements for the Year Ended 30 June 2019

for

Shirethorn Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J R Blacker

Mr R M Chetham

SECRETARY:

Mr J R Blacker

REGISTERED OFFICE:

2a Carr Lane

Willerby

East Yorkshire

HU10 6JW

REGISTERED NUMBER:

01374725 (England and Wales)

ACCOUNTANTS:

360 Accountants Limited

18-19 Albion Street

Hull

East Yorkshire

HU1 3TG

SOLICITORS:

Gosschalks

Queens Gardens

Hull

East Yorkshire

HU1 3DZ

FIXED ASSETS

Tangible assets

5

1,978

2,473

CURRENT ASSETS

Stocks

100,028

119,684

Debtors

168,256

162,436

Cash at bank

41,553

46,827

309,837

328,947

CREDITORS

Amounts falling due within one year

19,042

37,943

NET CURRENT ASSETS

290,795

291,004

TOTAL ASSETS LESS CURRENT LIABILITIES

292,773

293,477

CREDITORS

Amounts falling due after more than one year

267,068

267,068

NET ASSETS

25,705

26,409

CAPITAL AND RESERVES

Called up share capital

6

100,000

100,000

Retained earnings

(74,295

)

(73,591

)

SHAREHOLDERS' FUNDS

25,705

26,409

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

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 on 29 October 2019 and were signed on its behalf by:

Mr R M Chetham - Director

1.	STATUTORY INFORMATION

Shirethorn 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, rents receivable and profits/losses made on the sale of land

and property, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs

in bringing stocks to their present location and condition.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

and 30 June 2019

110,490

DEPRECIATION

At 1 July 2018

108,017

Charge for year

495

At 30 June 2019

108,512

NET BOOK VALUE

At 30 June 2019

1,978

At 30 June 2018

2,473

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/19

30/6/18

value:

£

£

100,000

Ordinary

1

100,000

100,000

7.

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