Company Registration No. NI676356 (Northern Ireland)
Shrogg Developments Limited
Unaudited accounts
for the period from 10 February 2021 to 28 February 2022
Shrogg Developments Limited
Statement of financial position
as at 28 February 2022
Cash at bank and in hand
26,695
Creditors: amounts falling due within one year
(218,438)
Net current liabilities
(6,758)
Called up share capital
100
Profit and loss account
(5,684)
Shareholders' funds
(5,584)
For the period ending 28 February 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 his 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 8 November 2022 and were signed on its behalf by
Benjamin Woods
Director
Company Registration No. NI676356
Shrogg Developments Limited
Notes to the Accounts
for the period from 10 February 2021 to 28 February 2022
Shrogg Developments Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI676356. The registered office is Unit 2 Channel Wharf, 21 Old Channel Road, Belfast, Country Antrim, BT3 9DE, Northern Ireland.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of property development services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Straight Line
The director believes that the company Shrogg Developments Limited has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Shrogg Developments Limited
Notes to the Accounts
for the period from 10 February 2021 to 28 February 2022
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2022
Loans from directors
215,510
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
7
Average number of employees
During the period the average number of employees was 1.
