Sheepers Ltd

Sheepers Ltd

SHEEPERS LTD - Company Information

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1 February 2021 false No description of principal activity Taxfiler 2022.10.3 10543693business:PrivateLimitedCompanyLtd2021-02-012022-01-31 105436932021-01-31 105436932021-02-012022-01-31 10543693business:AuditExemptWithAccountantsReport2021-02-012022-01-31 10543693business:FullAccounts2021-02-012022-01-31 105436932022-01-31 10543693business:Director12021-02-012022-01-31 10543693business:RegisteredOffice2021-02-012022-01-31 105436932021-01-31 10543693core:WithinOneYear2022-01-31 10543693core:WithinOneYear2021-01-31 10543693core:AfterOneYear2022-01-31 10543693core:AfterOneYear2021-01-31 10543693core:ShareCapital2022-01-31 10543693core:ShareCapital2021-01-31 10543693core:RetainedEarningsAccumulatedLosses2022-01-31 10543693core:RetainedEarningsAccumulatedLosses2021-01-31 10543693business:SmallEntities2021-02-012022-01-31 10543693countries:EnglandWales2021-02-012022-01-31 10543693core:ComputerEquipment2021-02-012022-01-31 10543693core:PlantMachinery2021-01-31 10543693core:ComputerEquipment2021-01-31 10543693core:PlantMachinery2021-02-012022-01-31 10543693core:PlantMachinery2022-01-31 10543693core:ComputerEquipment2022-01-31 105436932020-02-012021-01-31 iso4217:GBP xbrli:pure
Company Registration No. 10543693 (England and Wales)
Sheepers Ltd Unaudited accounts for the year ended 31 January 2022
Sheepers Ltd Unaudited accounts Contents
Page
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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
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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
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Sheepers Ltd Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,293 
2,615 
Current assets
Inventories
2,000 
28,000 
Debtors
5
11,134 
1,908 
Cash at bank and in hand
119,170 
196,711 
132,304 
226,619 
Creditors: amounts falling due within one year
6
(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
7
(74,252)
(50,000)
Net (liabilities)/assets
(13,043)
52,759 
Capital and reserves
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
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Sheepers Ltd Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Additions
1,500 
- 
1,500 
At 31 January 2022
1,500 
3,967 
5,467 
Depreciation
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 
Net book value
At 31 January 2022
1,000 
1,293 
2,293 
At 31 January 2021
- 
2,615 
2,615 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
795 
1,908 
Other debtors
10,339 
- 
11,134 
1,908 
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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 
- 
VAT
31,207 
95,490 
Trade creditors
2,282 
- 
Taxes and social security
67 
11,035 
Other creditors
193 
754 
Loans from directors
15,183 
16,196 
Accruals
1,000 
3,000 
73,388 
126,475 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
74,252 
50,000 
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).
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