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

REGISTERED NUMBER: 01374725 (England and Wales)

Financial Statements for the Year Ended 30 June 2021

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

1,738

1,583

CURRENT ASSETS

Stocks

-

46,930

Debtors

461,331

64,524

Cash at bank

640,301

857,929

1,101,632

969,383

CREDITORS

Amounts falling due within one year

196,707

92,055

NET CURRENT ASSETS

904,925

877,328

TOTAL ASSETS LESS CURRENT LIABILITIES

906,663

878,911

CREDITORS

Amounts falling due after more than one year

-

267,068

NET ASSETS

906,663

611,843

CAPITAL AND RESERVES

Called up share capital

7

100,000

100,000

Retained earnings

806,663

511,843

SHAREHOLDERS' FUNDS

906,663

611,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2021 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 2021 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 and authorised for issue on 18 November 2021 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.

Fixtures and fittings

-

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 (2020 - 3 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2020

110,490

Additions

499

At 30 June 2021

110,989

DEPRECIATION

At 1 July 2020

108,907

Charge for year

344

At 30 June 2021

109,251

NET BOOK VALUE

At 30 June 2021

1,738

At 30 June 2020

1,583

6.

LOANS

An analysis of the maturity of loans is given below:

30/6/21

30/6/20

£

£

Amounts falling due between one and two years:

Other loan

-

267,068

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/21

30/6/20

value:

£

£

100,000

Ordinary

1

100,000

100,000

8.

CONTROL

During this and the previous year the company was controlled by Mr R M Chetham.