IRIS Accounts Production v23.3.0.418 09002719 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090027192022-05-31090027192023-05-31090027192022-06-012023-05-31090027192021-05-31090027192021-06-012022-05-31090027192022-05-3109002719ns10:Originalns15:EnglandWales2022-06-012023-05-3109002719ns14:PoundSterlingns10:Original2022-06-012023-05-3109002719ns10:Originalns10:Director12022-06-012023-05-3109002719ns10:Original2022-06-012023-05-3109002719ns10:Original2023-05-3109002719ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3109002719ns10:Originalns10:SmallEntities2022-06-012023-05-3109002719ns10:Originalns10:AuditExemptWithAccountantsReport2022-06-012023-05-3109002719ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3109002719ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3109002719ns10:Originalns10:FullAccounts2022-06-012023-05-3109002719ns10:Original12022-06-012023-05-3109002719ns10:Originalns10:Director42022-06-012023-05-3109002719ns10:Originalns10:RegisteredOffice2022-06-012023-05-3109002719ns10:Original2022-05-3109002719ns10:Originalns5:CurrentFinancialInstruments2023-05-3109002719ns10:Originalns5:CurrentFinancialInstruments2022-05-3109002719ns5:ShareCapitalns10:Original2023-05-3109002719ns5:ShareCapitalns10:Original2022-05-3109002719ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3109002719ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3109002719ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-06-012023-05-3109002719ns10:Originalns5:FurnitureFittings2022-06-012023-05-3109002719ns10:Originalns5:MotorVehicles2022-06-012023-05-3109002719ns10:Originalns5:ComputerEquipment2022-06-012023-05-3109002719ns10:Original2021-06-012022-05-3109002719ns10:Originalns5:NetGoodwill2022-05-3109002719ns10:Originalns5:NetGoodwill2022-06-012023-05-3109002719ns10:Originalns5:NetGoodwill2023-05-3109002719ns10:Originalns5:NetGoodwill2022-05-3109002719ns10:Originalns5:PlantMachinery2022-05-3109002719ns10:Originalns5:PlantMachinery2022-06-012023-05-3109002719ns10:Originalns5:PlantMachinery2023-05-3109002719ns10:Originalns5:PlantMachinery2022-05-3109002719ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3109002719ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31
REGISTERED NUMBER: 09002719 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

SHROPSHIRE TRADING LIMITED

SHROPSHIRE TRADING LIMITED (REGISTERED NUMBER: 09002719)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

SHROPSHIRE TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S C Britten
Miss J L Boroughs





REGISTERED OFFICE: Foresters Hall
1 Wyle Cop
Shrewsbury
Shropshire
SY1 1UT





REGISTERED NUMBER: 09002719 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

SHROPSHIRE TRADING LIMITED (REGISTERED NUMBER: 09002719)

BALANCE SHEET
31 MAY 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 39,825 59,578
Tangible assets 6 46,758 56,466
86,583 116,044

CURRENT ASSETS
Stocks - 12,106
Debtors 7 1,965,103 2,200,971
Cash at bank and in hand 2,457,128 760,022
4,422,231 2,973,099
CREDITORS
Amounts falling due within one year 8 740,337 622,821
NET CURRENT ASSETS 3,681,894 2,350,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,768,477

2,466,322

PROVISIONS FOR LIABILITIES 10,691 9,921
NET ASSETS 3,757,786 2,456,401

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,757,686 2,456,301
SHAREHOLDERS' FUNDS 3,757,786 2,456,401

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 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.

SHROPSHIRE TRADING LIMITED (REGISTERED NUMBER: 09002719)

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.

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 19 October 2023 and were signed on its behalf by:





S C Britten - Director


SHROPSHIRE TRADING LIMITED (REGISTERED NUMBER: 09002719)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Shropshire Trading 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 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.

3. ACCOUNTING POLICIES

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

These financial statements are for the individual entity only.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33.3% on cost
Motor vehicles - 20% on cost
Computer equipment - 33.3% on cost

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

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.

Hire purchase and leasing commitments
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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

SHROPSHIRE TRADING LIMITED (REGISTERED NUMBER: 09002719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 197,526
AMORTISATION
At 1 June 2022 137,948
Charge for year 19,753
At 31 May 2023 157,701
NET BOOK VALUE
At 31 May 2023 39,825
At 31 May 2022 59,578

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 96,473
Additions 7,420
At 31 May 2023 103,893
DEPRECIATION
At 1 June 2022 40,007
Charge for year 17,128
At 31 May 2023 57,135
NET BOOK VALUE
At 31 May 2023 46,758
At 31 May 2022 56,466

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 527,261 511,818
Other debtors 1,435,360 1,422,393
Directors' current accounts - 265,189
Prepayments 2,482 1,571
1,965,103 2,200,971

SHROPSHIRE TRADING LIMITED (REGISTERED NUMBER: 09002719)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors 44,252 31,504
Tax 335,304 139,660
Social security and other taxes 57,956 34,617
Other creditors 103,155 102,505
Directors' current accounts 3,887 -
Accrued expenses 195,783 314,535
740,337 622,821

9. RELATED PARTY DISCLOSURES

During the year the company made sales of £1,028 (2022: £5,828) and purchases of £1,950 (2022: £3,955), they also charged management charges of £Nil (2022: £32,704) and incurred management charges of £Nil (2022: £3,000) from related companies of which Mr S C Britten is also a director. At the year end the balance owed
from related companies was £1,235,289 (2022: £1,269,291).

10. ULTIMATE CONTROLLING PARTY

Mr S C Britten controls the company by virtue of his 100% shareholding.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHROPSHIRE TRADING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shropshire Trading Limited for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shropshire Trading Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shropshire Trading Limited and state those matters that we have agreed to state to the Board of Directors of Shropshire Trading Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shropshire Trading Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shropshire Trading Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shropshire Trading Limited. You consider that Shropshire Trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shropshire Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG


19 October 2023