A & R Sheekey Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07343715 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2021

for

A & R Sheekey Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Sheekey

R Sheekey

REGISTERED OFFICE:

2nd Floor

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

REGISTERED NUMBER:

07343715 (England and Wales)

ACCOUNTANTS:

SKS Bailey Group Limited

Yoden House

30 Yoden Way

Peterlee

Co. Durham

SR8 1AL

FIXED ASSETS

Tangible assets

3

-

14

CURRENT ASSETS

Debtors

4

595,785

488,281

Cash at bank

106,137

71,599

701,922

559,880

CREDITORS

Amounts falling due within one year

5

(4,706,361

)

(3,942,404

)

NET CURRENT LIABILITIES

(4,004,439

)

(3,382,524

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,004,439

)

(3,382,510

)

CREDITORS

Amounts falling due after more than one
year

6

(50,000

)

-

NET LIABILITIES

(4,054,439

)

(3,382,510

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(4,054,539

)

(3,382,610

)

SHAREHOLDERS' FUNDS

(4,054,439

)

(3,382,510

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

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

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 30 March 2022 and were signed on its behalf by:

A Sheekey - Director

1.	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.

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

-

33% on cost

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - 2 ).

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2020

and 31 March 2021

1,295

DEPRECIATION

At 1 April 2020

1,281

Charge for year

14

At 31 March 2021

1,295

NET BOOK VALUE

At 31 March 2021

-

At 31 March 2020

14

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Other debtors

595,785

488,281

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

Amounts owed to group undertakings

4,705,551

3,973,737

Corporation tax

-

(32,143

)

Accrued expenses

810

4,706,361

3,942,404

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2021

2020

£

Other loans - 1-2 years

50,000

-

A & R Sheekey Limited - Accounts to registrar (filleted) - small 18.2

A & R Sheekey Limited - Accounts to registrar (filleted) - small 18.2