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REGISTERED NUMBER: 05039942 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Shuttle Bridge Logistics Limited

Shuttle Bridge Logistics Limited (Registered number: 05039942)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shuttle Bridge Logistics Limited

Company Information
for the Year Ended 31 October 2022







DIRECTOR: M Wang





REGISTERED OFFICE: 9 St. Clare Street
London
EC3N 1LQ





REGISTERED NUMBER: 05039942 (England and Wales)





ACCOUNTANTS: Wilson & Co
Chartered Certified Accountants
3rd Floor
9 St. Clare Street
London
EC3N 1LQ

Shuttle Bridge Logistics Limited (Registered number: 05039942)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,062 14,746

CURRENT ASSETS
Debtors 5 552,068 488,513
Cash at bank and in hand 1,301,923 877,299
1,853,991 1,365,812
CREDITORS
Amounts falling due within one year 6 1,061,716 708,712
NET CURRENT ASSETS 792,275 657,100
TOTAL ASSETS LESS CURRENT
LIABILITIES

888,337

671,846

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 888,335 671,844
888,337 671,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

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 director and authorised for issue on 24 October 2023 and were signed by:



M Wang - Director


Shuttle Bridge Logistics Limited (Registered number: 05039942)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Shuttle Bridge Logistics 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 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.
Plant and machinery etc - 25% on cost and 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - 19 ).

Shuttle Bridge Logistics Limited (Registered number: 05039942)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2021 150,353
Additions 111,039
At 31 October 2022 261,392
DEPRECIATION
At 1 November 2021 135,607
Charge for year 29,723
At 31 October 2022 165,330
NET BOOK VALUE
At 31 October 2022 96,062
At 31 October 2021 14,746

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 93,641 26,237
Other debtors 458,427 462,276
552,068 488,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Bank loans and overdrafts - 8,880
Trade creditors 467,586 355,378
Taxation and social security 46,820 72,352
Other creditors 547,310 272,102
1,061,716 708,712

Shuttle Bridge Logistics Limited (Registered number: 05039942)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
M Wang
Balance outstanding at start of year (28,000 ) (6,000 )
Amounts advanced (337 ) (22,000 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,337 ) (28,000 )

The amount is interest free, unsecured with no fixed repayment terms and is repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Miao WANG.