Accounts filed on 30-06-2023


Registered number: 04678773






SHEEN DESIGNS LIMITED


ACCOUNTS

FOR THE YEAR ENDED 30/06/2023
























Prepared By:
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND


ACCOUNTS
FOR THE YEAR ENDED 30/06/2023





DIRECTORS
Mr T W Taylor
Mrs W Taylor



SECRETARY
P K Manster


REGISTERED OFFICE
20 Westlands Way
Oxted
Surrey
RH8 0ND


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04678773



BANKERS
National Westminster Bank Plc



ACCOUNTANTS
LHM ACCOUNTANTS
Incorporated Financial Accountants
20 Westlands Way
Oxted
Surrey
RH8 0ND


ACCOUNTS
FOR THEYEARENDED30/06/2023



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/06/2023

			2023		2022
	Notes		£		£

FIXED ASSETS
Tangible assets	3		858,362		852,954

CURRENT ASSETS
Stock		75,928		117,462
Debtors	5	120,173		34,693
Cash at bank and in hand		115,603		157,601
		311,704		309,756
CREDITORS: Amounts falling due within one year	6	401,383		456,635
NET CURRENT LIABILITIES			(89,679)		(146,879)
TOTAL ASSETS LESS CURRENT LIABILITIES			768,683		706,075

CAPITAL AND RESERVES

Called up share capital	7		100		100
Profit and loss account			768,583		705,975
SHAREHOLDERS' FUNDS			768,683		706,075

For the year ending 30/06/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 04/03/2024 and signed on their behalf by



.............................
Mr T W Taylor
Director

1. ACCOUNTING POLICIES


1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .


1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Fixtures and Fittings		%
Equipment		%
Motor Cars		%


1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.


1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.


5. DEBTORS	2023	2022
	£	£
Amounts falling due within one year
VAT	100,790	20,837
Prepayments	11,255	13,856
Directors current account	8,128	-
	120,173	34,693


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2023	2022
	£	£
UK corporation tax	7,211	5,561
PAYE control	7,756	7,715
Directors current account	-	2,216
Payments received on account	295,302	276,966
Trade creditors	26,973	60,717
Other creditors	27,257	27,413
Accruals	36,884	76,047
	401,383	456,635


7. SHARE CAPITAL	2023	2022
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100