Shija & Sons Limited 30/11/2022 iXBRL

Shija & Sons Limited 30/11/2022 iXBRL

SHIJA & SONS LIMITED - Company Information

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Company registration number: 12320479
Shija & Sons Limited
Unaudited filleted abridged financial statements
30 November 2022
Shija & Sons Limited
Contents
Directors and other information
Abridged statement of financial position
Notes to the financial statements
Shija & Sons Limited
Directors and other information
Director Mr Peter Shija
Company number 12320479
Registered office 3 Beaufort Square
Cardiff
CF24 2TT
Business address 3 Beaufort Square
Cardiff
CF24 2TT
Accountant Lovell & Co
18 Cobb Crescent
Caldicot
Monmouthshire
NP26 5BY
Shija & Sons Limited
Abridged statement of financial position
30 November 2022
2022 2021
Note £ £ £ £
Current assets
Debtors 1,859 1,859
_______ _______
1,859 1,859
Creditors: amounts falling due
within one year ( 1,693) ( 1,573)
_______ _______
Net current assets 166 286
_______ _______
Total assets less current liabilities 166 286
_______ _______
Net assets 166 286
_______ _______
Capital and reserves
Profit and loss account 166 286
_______ _______
Shareholder funds 166 286
_______ _______
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 30 November 2022 in accordance with Section 444(2A) of the Companies Act 2006.
These financial statements were approved by the board of directors and authorised for issue on 22 August 2023 , and are signed on behalf of the board by:
Mr Peter Shija
Director
Company registration number: 12320479
Shija & Sons Limited
Notes to the financial statements
Year ended 30 November 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Beaufort Square, Cardiff, CF24 2TT.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Staff costs
The average number of persons employed by the company during the year amounted to Nil (2021: 1 ).
The aggregate payroll costs incurred during the year were:
2022 2021
£ £
Wages and salaries - 4,000
_______ _______
5. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Shija 1,859 - - 1,859
_______ _______ _______ _______
2021
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr Peter Shija ( 6,353) 29,326 ( 21,114) 1,859
_______ _______ _______ _______