IRIS Accounts Production v23.2.0.158 06898585 director 1.6.22 31.5.23 31.5.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068985852022-05-31068985852023-05-31068985852022-06-012023-05-31068985852021-05-31068985852021-06-012022-05-31068985852022-05-3106898585ns10:Originalns15:EnglandWales2022-06-012023-05-3106898585ns14:PoundSterlingns10:Original2022-06-012023-05-3106898585ns10:Originalns10:Director12022-06-012023-05-3106898585ns10:Original2022-06-012023-05-3106898585ns10:Original2023-05-3106898585ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3106898585ns10:Originalns10:SmallEntities2022-06-012023-05-3106898585ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3106898585ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3106898585ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3106898585ns10:Originalns10:AbridgedAccounts2022-06-012023-05-3106898585ns10:Originalns10:OrdinaryShareClass12022-06-012023-05-3106898585ns10:Originalns10:OrdinaryShareClass22022-06-012023-05-3106898585ns10:Originalns10:RegisteredOffice2022-06-012023-05-3106898585ns10:Original2022-05-3106898585ns10:Originalns5:CurrentFinancialInstruments2023-05-3106898585ns10:Originalns5:CurrentFinancialInstruments2022-05-3106898585ns10:Originalns5:Non-currentFinancialInstruments2023-05-3106898585ns10:Originalns5:Non-currentFinancialInstruments2022-05-3106898585ns5:ShareCapitalns10:Original2023-05-3106898585ns5:ShareCapitalns10:Original2022-05-3106898585ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3106898585ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3106898585ns10:Originalns5:PlantMachinery2022-06-012023-05-3106898585ns10:Originalns5:FurnitureFittings2022-06-012023-05-3106898585ns10:Originalns5:MotorVehicles2022-06-012023-05-3106898585ns10:Originalns5:ComputerEquipment2022-06-012023-05-3106898585ns10:Original2021-06-012022-05-3106898585ns10:Original2022-05-3106898585ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3106898585ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3106898585ns10:Originalns10:OrdinaryShareClass12023-05-3106898585ns10:Originalns10:OrdinaryShareClass22023-05-31
REGISTERED NUMBER: 06898585 (England and Wales)














Unaudited Financial Statements for the Year Ended 31 May 2023

for

SHIPPIO LTD.

SHIPPIO LTD. (REGISTERED NUMBER: 06898585)






Contents of the Financial Statements
for the year ended 31 MAY 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHIPPIO LTD.

Company Information
for the year ended 31 MAY 2023







DIRECTOR: G Ernsting





REGISTERED OFFICE: Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG





REGISTERED NUMBER: 06898585 (England and Wales)





ACCOUNTANTS: Elsby & Co
Thistledown Barn
Holcot Lane
Sywell
Northampton
Northamptonshire
NN6 0BG

SHIPPIO LTD. (REGISTERED NUMBER: 06898585)

Abridged Balance Sheet
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195,520 145,471

CURRENT ASSETS
Debtors 112,246 111,732
Cash at bank and in hand 149,347 148,295
261,593 260,027
CREDITORS
Amounts falling due within one year 176,442 199,140
NET CURRENT ASSETS 85,151 60,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

280,671

206,358

CREDITORS
Amounts falling due after more than one year (20,000 ) (30,000 )

PROVISIONS FOR LIABILITIES (36,829 ) (27,506 )
NET ASSETS 223,842 148,852

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 223,840 148,850
SHAREHOLDERS' FUNDS 223,842 148,852

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

SHIPPIO LTD. (REGISTERED NUMBER: 06898585)

Abridged Balance Sheet - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 5 October 2023 and were signed by:





G Ernsting - Director


SHIPPIO LTD. (REGISTERED NUMBER: 06898585)

Notes to the Financial Statements
for the year ended 31 MAY 2023

1. STATUTORY INFORMATION

Shippio Ltd. 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 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.

Turnover
Turnover 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 15% on cost
Computer equipment - 25% on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
Contributions are made into an independently operated pension scheme and are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES

The average number of employees during the year was 10 (2022 - 10 ) .

SHIPPIO LTD. (REGISTERED NUMBER: 06898585)

Notes to the Financial Statements - continued
for the year ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 248,761
Additions 89,096
Disposals (3,800 )
At 31 May 2023 334,057
DEPRECIATION
At 1 June 2022 103,290
Charge for year 35,247
At 31 May 2023 138,537
NET BOOK VALUE
At 31 May 2023 195,520
At 31 May 2022 145,471

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2022
and 31 May 2023 37,105
DEPRECIATION
At 1 June 2022 19,480
Charge for year 5,566
At 31 May 2023 25,046
NET BOOK VALUE
At 31 May 2023 12,059
At 31 May 2022 17,625

5. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 8,346

SHIPPIO LTD. (REGISTERED NUMBER: 06898585)

Notes to the Financial Statements - continued
for the year ended 31 MAY 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1
1 Ordinary A £1 1 1
2 2