Shirethorn Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 01374725 (England and Wales)

Financial Statements for the Year Ended 30 June 2017

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

19 Albion Street

Hull

East Yorkshire

HU1 3TG

SOLICITORS:

Gosschalks

Queens Gardens

Hull

East Yorkshire

HU1 3DZ

FIXED ASSETS

Tangible assets

5

3,093

3,892

CURRENT ASSETS

Stocks

113,300

285,974

Debtors

34,101

8,902

Cash at bank

173,741

114,436

321,142

409,312

CREDITORS

Amounts falling due within one year

10,092

6,701

NET CURRENT ASSETS

311,050

402,611

TOTAL ASSETS LESS CURRENT LIABILITIES

314,143

406,503

CREDITORS

Amounts falling due after more than one year

267,068

267,068

NET ASSETS

47,075

139,435

CAPITAL AND RESERVES

Called up share capital

100,000

100,000

Retained earnings

(52,925

)

39,435

SHAREHOLDERS' FUNDS

47,075

139,435

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2017 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 on 24 October 2017 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A small entities. The date of transition is 1 July 2015.

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.

Plant and machinery etc

-

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 1 (2016 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2016

and 30 June 2017

110,490

DEPRECIATION

At 1 July 2016

106,598

Charge for year

799

At 30 June 2017

107,397

NET BOOK VALUE

At 30 June 2017

3,093

At 30 June 2016

3,892

6.

CONTROL