Shaughview Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 07990791 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

Shaughview Limited

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Directors:

Mr P D Vann

Mrs L C Vann

Registered office:

Abacus House

129 North Hill

Plymouth

Devon

PL4 8JY

Business address:

Rocklands

Shaugh Prior

Plymouth

Devon

PL7 5HA

Registered number:

07990791 (England and Wales)

Accountants:

Nigel Webster & Co

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

324

279

Current assets

Debtors

5

102,733

82,880

Cash at bank

15,872

27,762

118,605

110,642

Creditors

Amounts falling due within one year

6

29,779

29,626

Net current assets

88,826

81,016

Total assets less current liabilities

89,150

81,295

Capital and reserves

Called up share capital

7

100

100

Retained earnings

89,050

81,195

Shareholders' funds

89,150

81,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 December 2023 and were signed on its behalf by:

Mrs L C Vann - Director

1.	STATUTORY INFORMATION

Shaughview Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, business address and registered office address can be found on the company information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover from the rendering of 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, less 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

-

33% on cost

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

Cost

At 1 April 2022

1,384

Additions

141

At 31 March 2023

1,525

Depreciation

At 1 April 2022

1,105

Charge for year

96

At 31 March 2023

1,201

Net book value

At 31 March 2023

324

At 31 March 2022

279

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

25,935

13,770

Directors' current accounts

76,798

69,110

102,733

82,880

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

106

52

Tax

19,247

21,153

Social security and other taxes

193

478

VAT

8,681

6,491

Accrued expenses

1,552

1,452

29,779

29,626

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

8.	RELATED PARTY DISCLOSURES

At the balance sheet date Mr and Mrs Vann (Directors) owed the company £76,796. The maximum amount owed to the company during the year was £76,796 with withdrawals totalling £112,481 and repayments of £104,795. The loan was repaid in full within 9 months of the year end.

9.	ULTIMATE CONTROLLING PARTY

The company was under the control of its directors throughout the period.