IRIS Accounts Production v23.4.0.336 04760699 Board of Directors Board of Directors Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 'A' shares 1.00000 Ordinary 'B' shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047606992022-06-30047606992023-06-30047606992022-07-012023-06-30047606992022-03-31047606992022-04-012022-06-30047606992022-06-3004760699ns15:EnglandWales2022-07-012023-06-3004760699ns14:PoundSterling2022-07-012023-06-3004760699ns10:Director12022-07-012023-06-3004760699ns10:Director22022-07-012023-06-3004760699ns10:Director32022-07-012023-06-3004760699ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004760699ns10:SmallEntities2022-07-012023-06-3004760699ns10:AuditExemptWithAccountantsReport2022-07-012023-06-3004760699ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004760699ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3004760699ns10:FullAccounts2022-07-012023-06-3004760699ns10:OrdinaryShareClass12022-07-012023-06-3004760699ns10:OrdinaryShareClass22022-07-012023-06-3004760699ns10:RegisteredOffice2022-07-012023-06-3004760699ns5:CurrentFinancialInstruments2023-06-3004760699ns5:CurrentFinancialInstruments2022-06-3004760699ns5:Non-currentFinancialInstruments2023-06-3004760699ns5:Non-currentFinancialInstruments2022-06-3004760699ns5:ShareCapital2023-06-3004760699ns5:ShareCapital2022-06-3004760699ns5:CapitalRedemptionReserve2023-06-3004760699ns5:CapitalRedemptionReserve2022-06-3004760699ns5:RetainedEarningsAccumulatedLosses2023-06-3004760699ns5:RetainedEarningsAccumulatedLosses2022-06-3004760699ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-012023-06-3004760699ns5:PlantMachinery2022-07-012023-06-3004760699ns5:FurnitureFittings2022-07-012023-06-3004760699ns5:MotorVehicles2022-07-012023-06-3004760699ns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3004760699ns5:PlantMachinery2022-06-3004760699ns5:FurnitureFittings2022-06-3004760699ns5:MotorVehicles2022-06-3004760699ns5:ShortLeaseholdAssetsns5:LandBuildings2023-06-3004760699ns5:PlantMachinery2023-06-3004760699ns5:FurnitureFittings2023-06-3004760699ns5:MotorVehicles2023-06-3004760699ns5:ShortLeaseholdAssetsns5:LandBuildings2022-06-3004760699ns5:PlantMachinery2022-06-3004760699ns5:FurnitureFittings2022-06-3004760699ns5:MotorVehicles2022-06-3004760699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004760699ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3004760699ns5:DeferredTaxation2022-06-3004760699ns5:DeferredTaxation2023-06-3004760699ns10:OrdinaryShareClass12023-06-3004760699ns10:OrdinaryShareClass22023-06-30
REGISTERED NUMBER: 04760699 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

SHORADE BRISTOL LIMITED

SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SHORADE BRISTOL LIMITED

Company Information
for the year ended 30 June 2023







DIRECTORS: L J R Coupland
M S O'Keefe
S A Shore





REGISTERED OFFICE: Shorade House
Walsall Road
Cannock
WS11 0HP





REGISTERED NUMBER: 04760699 (England and Wales)





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shorade Bristol 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 Shorade Bristol Limited for the year ended 30 June 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 Shorade Bristol 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 Shorade Bristol Limited and state those matters that we have agreed to state to the Board of Directors of Shorade Bristol 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 Shorade Bristol Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shorade Bristol 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 Shorade Bristol Limited. You consider that Shorade Bristol 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 Shorade Bristol 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.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


5 March 2024

SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 348,999 27,141

CURRENT ASSETS
Stocks 52,500 2,133
Debtors 5 294,644 341,016
Cash at bank and in hand 81,283 37,891
428,427 381,040
CREDITORS
Amounts falling due within one year 6 441,843 202,014
NET CURRENT (LIABILITIES)/ASSETS (13,416 ) 179,026
TOTAL ASSETS LESS CURRENT
LIABILITIES

335,583

206,167

CREDITORS
Amounts falling due after more than one
year

7

(95,262

)

-

PROVISIONS FOR LIABILITIES 8 - (1,020 )
NET ASSETS 240,321 205,147

CAPITAL AND RESERVES
Called up share capital 9 69 69
Capital redemption reserve 34 34
Retained earnings 240,218 205,044
SHAREHOLDERS' FUNDS 240,321 205,147

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)

Balance Sheet - continued
30 June 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 5 March 2024 and were signed on its behalf by:




S A Shore - Director M S O'Keefe - Director




L J R Coupland - Director


SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

Shorade Bristol 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 on the sale of vehicles is recognised on the transfer of risks and rewards relating to ownership and is net of VAT and trade discounts. Turnover on the provision of services is recognised on the date of the service being provided, and is net of VAT and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - In equal instalments over the lease
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

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.

SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 40,593 252,590 11,897 - 305,080
Additions - 315,023 12,133 - 327,156
At 30 June 2023 40,593 567,613 24,030 - 632,236
DEPRECIATION
At 1 July 2022 35,821 235,541 6,577 - 277,939
Charge for year 2,708 1,705 885 - 5,298
At 30 June 2023 38,529 237,246 7,462 - 283,237
NET BOOK VALUE
At 30 June 2023 2,064 330,367 16,568 - 348,999
At 30 June 2022 4,772 17,049 5,320 - 27,141


SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 133,250 179,978
Amounts owed by group undertakings 126,092 130,000
Other debtors 35,302 31,038
294,644 341,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 73,228 -
Trade creditors 225,534 135,735
Taxation and social security 104,970 54,084
Other creditors 38,111 12,195
441,843 202,014

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 95,262 -

8. PROVISIONS FOR LIABILITIES
2022
£   
Deferred tax 1,020

Deferred
tax
£   
Balance at 1 July 2022 1,020
Accelerated capital allowances 64,303
Tax Losses (69,414 )
Balance at 30 June 2023 (4,091 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
67 Ordinary 'A' shares £1 67 67
2 Ordinary 'B' shares £1 2 2
69 69

The A Ordinary and B Ordinary shares rank pari passu.

SHORADE BRISTOL LIMITED (REGISTERED NUMBER: 04760699)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

10. CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.

11. PARENT COMPANY

The parent company is Shorade UK Limited.

12. LEASING COMMITMENT

At the year end the company was committed to making operating lease payments totalling £168,490 (2022: NIL)