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Company Registration No. 11154894 (England and Wales)
Shorelinefreight Limited Unaudited accounts for the year ended 31 January 2024
Shorelinefreight Limited Unaudited accounts Contents
Page
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Shorelinefreight Limited Company Information for the year ended 31 January 2024
Director
I Thacker
Company Number
11154894 (England and Wales)
Registered Office
Union House 111 New Union Street Coventry CV1 2NT
Accountants
Tyler Cobane Limited 29 Walton Way Walton Stone Staffordshire ST15 0JF
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Shorelinefreight Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
395,399 
212,861 
Current assets
Debtors
125,164 
86,838 
Cash at bank and in hand
54,427 
72,365 
179,591 
159,203 
Creditors: amounts falling due within one year
(194,191)
(119,524)
Net current (liabilities)/assets
(14,600)
39,679 
Total assets less current liabilities
380,799 
252,540 
Creditors: amounts falling due after more than one year
(257,459)
(140,927)
Provisions for liabilities
Deferred tax
(51,934)
(40,444)
Net assets
71,406 
71,169 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
71,306 
71,069 
Shareholders' funds
71,406 
71,169 
For the year ending 31 January 2024 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 17 February 2024 and were signed on its behalf by
I Thacker Director Company Registration No. 11154894
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Shorelinefreight Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Shorelinefreight Limited is a private company, limited by shares, registered in England and Wales, registration number 11154894. The registered office is Union House, 111 New Union Street, Coventry, CV1 2NT.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Shorelinefreight Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2023
281,157 
Additions
298,470 
Disposals
(105,190)
At 31 January 2024
474,437 
Depreciation
At 1 February 2023
68,296 
Charge for the year
50,080 
On disposals
(39,338)
At 31 January 2024
79,038 
Net book value
At 31 January 2024
395,399 
At 31 January 2023
212,861 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
118,032 
84,338 
Other debtors
7,132 
2,500 
125,164 
86,838 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
5,550 
5,550 
Obligations under finance leases and hire purchase contracts
101,570 
48,319 
Trade creditors
31,456 
20,081 
Taxes and social security
14,902 
42,385 
Other creditors
40,713 
3,189 
194,191 
119,524 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
29,110 
34,728 
Obligations under finance leases and hire purchase contracts
228,349 
106,199 
257,459 
140,927 
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Shorelinefreight Limited Notes to the Accounts for the year ended 31 January 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
51,934 
40,444 
2024 
2023 
£ 
£ 
Provision at start of year
40,444 
46,566 
Charged/(credited) to the profit and loss account
11,490 
(6,122)
Provision at end of year
51,934 
40,444 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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