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

REGISTERED NUMBER: 06276372 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2019

for

Shawdrive Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

I Minshaw

SECRETARY:

Miss K Minshaw

REGISTERED OFFICE:

35 King John Road

Gillingham

Dorset

SP8 4PG

REGISTERED NUMBER:

06276372 (England and Wales)

ACCOUNTANTS:

Nicola Brookes

Chartered Accountant

Mole End

Shorts Green Lane

Motcombe

Dorset

SP7 9PA

FIXED ASSETS

Tangible assets

4

425

838

CURRENT ASSETS

Debtors

5

1,143

1,756

Cash at bank

8,463

6,578

9,606

8,334

CREDITORS

Amounts falling due within one year

6

2,212

2,427

NET CURRENT ASSETS

7,394

5,907

TOTAL ASSETS LESS CURRENT LIABILITIES

7,819

6,745

PROVISIONS FOR LIABILITIES

80

155

NET ASSETS

7,739

6,590

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

6,739

5,590

SHAREHOLDERS' FUNDS

7,739

6,590

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2020 and were signed by:

I Minshaw - Director

1.	STATUTORY INFORMATION

Shawdrive 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

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

-

33% on cost and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

and 31 August 2019

1,329

DEPRECIATION

At 1 September 2018

491

Charge for year

413

At 31 August 2019

904

NET BOOK VALUE

At 31 August 2019

425

At 31 August 2018

838

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade debtors

950

1,240

Other debtors

193

516

1,143

1,756

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Taxation and social security

1,663

1,876

Other creditors

549

551

2,212

2,427

7.	ULTIMATE CONTROLLING PARTY

The controlling party is I Minshaw.