SHEENGATE PUBLISHING LIMITED

SHEENGATE PUBLISHING LIMITED

SHEENGATE PUBLISHING LIMITED - Company Information

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SHEENGATE PUBLISHING LIMITED

Company Registration Number:
03514089 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2020

Period of accounts

Start date: 1 June 2019

End date: 31 May 2020

SHEENGATE PUBLISHING LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2020

Balance sheet
Additional notes
Balance sheet notes

SHEENGATE PUBLISHING LIMITED

Balance sheet

As at 31 May 2020

Notes 2020 2019


£
£
Fixed assets
Tangible assets: 3 3,473 6,044
Total fixed assets: 3,473 6,044
Current assets
Debtors: 4 756,081 819,393
Cash at bank and in hand: 1,333,842 1,463,466
Total current assets: 2,089,923 2,282,859
Net current assets (liabilities): 2,089,923 2,282,859
Total assets less current liabilities: 2,093,396 2,288,903
Creditors: amounts falling due after more than one year: 5 ( 285,152 ) ( 433,210 )
Provision for liabilities: ( 432 ) ( 871 )
Total net assets (liabilities): 1,807,812 1,854,822
Capital and reserves
Called up share capital: 1,111 1,111
Profit and loss account: 1,806,701 1,853,711
Total Shareholders' funds: 1,807,812 1,854,822

The notes form part of these financial statements

SHEENGATE PUBLISHING LIMITED

Balance sheet statements

For the year ending 31 May 2020 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 28 May 2021
and signed on behalf of the board by:

Name: Alexander Whitney
Status: Director

The notes form part of these financial statements

SHEENGATE PUBLISHING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Other accounting policies

    The company designates certain hedging instruments, including derivatives, embedded derivatives andnon-derivatives, as either fair value hedges or cash flow hedges. At the inception of the hedge relationship,the company documents the relationship between the hedging instrument and the hedged item along withrisk management objectives and strategy for undertaking various hedge transactions. At the inception ofthe hedge and on an ongoing basis, the company documents whether the hedging instrument is highlyeffective in offsetting changes in fair values or cash flows of the hedged item.Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognisedin profit or loss immediately, together with any changes in the fair value of the hedged asset or liability thatare attributable to the hedged risk.

SHEENGATE PUBLISHING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

  • 2. Employees

    2020 2019
    Average number of employees during the period 15 18

SHEENGATE PUBLISHING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 June 2019 144,113 144,113
Additions 704 704
Disposals
Revaluations
Transfers
At 31 May 2020 144,817 144,817
Depreciation
At 1 June 2019 138,069 138,069
Charge for year 3,275 3,275
On disposals
Other adjustments
At 31 May 2020 141,344 141,344
Net book value
At 31 May 2020 3,473 3,473
At 31 May 2019 6,044 6,044

SHEENGATE PUBLISHING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

4. Debtors

2020 2019
£ £
Trade debtors 128,813 199,007
Other debtors 627,268 620,386
Total 756,081 819,393

SHEENGATE PUBLISHING LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2020

5. Creditors: amounts falling due after more than one year note

2020 2019
£ £
Bank loans and overdrafts 0 59,760
Other creditors 285,152 373,450
Total 285,152 433,210