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REGISTERED NUMBER: 02913927 (England and Wales)












Financial Statements

for the Year Ended 31 March 2018

for

Ship-Shape Products Limited

Ship-Shape Products Limited (Registered number: 02913927)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ship-Shape Products Limited

Company Information
for the Year Ended 31 March 2018







DIRECTOR: G King





SECRETARY: J King





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 02913927 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

Ship-Shape Products Limited (Registered number: 02913927)

Abridged Statement of Financial Position
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 4,296 4,722

CURRENT ASSETS
Inventories 35,000 24,200
Debtors 41,393 56,623
Cash at bank 25,788 51,197
102,181 132,020
CREDITORS
Amounts falling due within one year 99,739 132,598
NET CURRENT ASSETS/(LIABILITIES) 2,442 (578 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,738

4,144

PROVISIONS FOR LIABILITIES 651 732
NET ASSETS 6,087 3,412

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,987 3,312
SHAREHOLDERS' FUNDS 6,087 3,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ship-Shape Products Limited (Registered number: 02913927)

Abridged Statement of Financial Position - continued
31 March 2018


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 Statement of Financial Position for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 9 November 2018 and were signed by:





G King - Director


Ship-Shape Products Limited (Registered number: 02913927)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Ship-Shape Products 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. ACCOUNTING POLICIES

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

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial
assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for
objective evidence of impairment.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 5 ) .

Ship-Shape Products Limited (Registered number: 02913927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 April 2017 33,171
Additions 950
At 31 March 2018 34,121
DEPRECIATION
At 1 April 2017 28,449
Charge for year 1,376
At 31 March 2018 29,825
NET BOOK VALUE
At 31 March 2018 4,296
At 31 March 2017 4,722

5. SECURED DEBTS

Shell Pensions Trust Limited hold a charge over the rent deposit of £5,600 for securing all monies due or to
become due from the company to Shell Pensions Trust Limited.

6. COMMITMENTS, GUARANTEES AND CONTINGENCIES

At the year end the company has commitments, guarantees and contingencies totalling £63,250 (2017: £19,167).

7. RELATED PARTY DISCLOSURES

The accounts include a loan from the director where interest has not been charged and therefore has not been
concluded under normal market conditions. The loan held at the year end was £59,939 (2017: £92,238).