Company Registration No. 11154894 (England and Wales)
Shorelinefreight Limited
Unaudited accounts
for the year ended 31 January 2024
Shorelinefreight Limited
Unaudited accounts
Contents
Shorelinefreight Limited
Company Information
for the year ended 31 January 2024
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
Shorelinefreight Limited
Statement of financial position
as at 31 January 2024
Tangible assets
395,399
212,861
Cash at bank and in hand
54,427
72,365
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)
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
Shorelinefreight Limited
Notes to the Accounts
for the year ended 31 January 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
Shorelinefreight Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Motor vehicles
At 1 February 2023
281,157
At 31 January 2024
474,437
Charge for the year
50,080
At 31 January 2024
395,399
At 31 January 2023
212,861
Amounts falling due within one year
Trade debtors
118,032
84,338
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
228,349
106,199
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
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).