Company Registration No. 10130490 (England and Wales)
Shieldwise Services Limited
Unaudited accounts
for the year ended 31 March 2020
Shieldwise Services Limited
Unaudited accounts
Contents
Shieldwise Services Limited
Company Information
for the year ended 31 March 2020
Company Number
10130490 (England and Wales)
Registered Office
Kao Hockham Bldg
Edinburgh Way
Harlow
Essex
CM20 2NQ
United Kingdom
Accountants
Twiga Accountants Ltd.
Suite A, Unit 1
Advanced House Business Mews
Harlow
Essex
CM20 2ST
Shieldwise Services Limited
Statement of financial position
as at
31 March 2020
Tangible assets
9,677
3,825
Cash at bank and in hand
-
7,431
Creditors: amounts falling due within one year
(39,885)
(19,494)
Net current assets
18,750
17,257
Total assets less current liabilities
28,427
21,082
Creditors: amounts falling due after more than one year
(4,805)
(621)
Called up share capital
1
1
Profit and loss account
23,621
20,460
Shareholders' funds
23,622
20,461
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 March 2021 and were signed on its behalf by
Lee NGUNJIRI
Director
Company Registration No. 10130490
Shieldwise Services Limited
Notes to the Accounts
for the year ended 31 March 2020
Shieldwise Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10130490. The registered office is Kao Hockham Bldg, Edinburgh Way, Harlow, Essex, CM20 2NQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2019
3,650
191
1,947
5,788
Additions
6,513
2,080
485
9,078
At 31 March 2020
10,163
2,271
2,432
14,866
At 1 April 2019
1,303
48
612
1,963
Charge for the year
2,215
556
455
3,226
At 31 March 2020
3,518
604
1,067
5,189
At 31 March 2020
6,645
1,667
1,365
9,677
At 31 March 2019
2,347
143
1,335
3,825
Shieldwise Services Limited
Notes to the Accounts
for the year ended 31 March 2020
Trade debtors
58,635
29,320
Total debtors
58,635
29,320
6
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
417
589
Obligations under finance leases and hire purchase contracts
2,106
-
Taxes and social security
21,629
20,319
Other creditors
4,510
2,000
Loans from directors
(9,500)
(9,508)
7
Creditors: amounts falling due after more than one year
2020
2019
Obligations under finance leases and hire purchase contracts
3,540
621
8
Share capital
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
9
Average number of employees
During the year the average number of employees was 8 (2019: 4).