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Registered number: 9621469

Shocktech Suspension Limited

ACCOUNTS
FOR THE YEAR ENDED 30/07/2023

Prepared By:
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Shocktech Suspension Limited

ACCOUNTS
FOR THE YEAR ENDED 30/07/2023
DIRECTORS
R Mason
REGISTERED OFFICE
205 Outgang Lane
Dinnington
Sheffield
S25 3QY
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 9621469
ACCOUNTANTS
Lindrick Accountancy Services Limited
205 Outgang Lane
Sheffield
S25 3QY

Shocktech Suspension Limited

ACCOUNTS
FOR THEYEARENDED30/07/2023
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Shocktech Suspension Limited

BALANCE SHEET AT 30/07/2023
20232022
Notes££
FIXED ASSETS
Tangible assets310,6736,831
CURRENT ASSETS
Stock15,00010,000
Debtors51,0853,413
Cash at bank and in hand9,6917,196
25,77620,609
CREDITORS: Amounts falling due within one year617,96010,710
NET CURRENT ASSETS7,8169,899
TOTAL ASSETS LESS CURRENT LIABILITIES18,48916,730
PROVISIONS FOR LIABILITIES AND CHARGES7133116
NET ASSETS18,35616,614
CAPITAL AND RESERVES
Called up share capital81010
Profit and loss account18,34616,604
SHAREHOLDERS' FUNDS18,35616,614
For the year ending 30/07/2023 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 19/04/2024 and signed on their behalf by
.............................
R Mason
Director

Shocktech Suspension Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/07/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 20%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20232022
No.No.
Average number of employees22

Shocktech Suspension Limited

3. TANGIBLE FIXED ASSETS
Plant andCommercialFixtures
MachineryVehiclesand FittingsEquipmentTotal
£££££
Cost
At 31/07/20227,83313,4991,4641,69924,495
Additions---7,3507,350
At 30/07/20237,83313,4991,4649,04931,845
Depreciation
At 31/07/20226,3209,4117141,21917,664
For the year3781,0221501,9583,508
At 30/07/20236,69810,4338643,17721,172
Net Book Amounts
At 30/07/20231,1353,0666005,87210,673
At 30/07/20221,5134,0887504806,831
4. STOCK 20232022
££
Stock comprises:
Stock15,00010,000
15,00010,000
5. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-1,906
Prepayments1,0851,507
1,0853,413

Shocktech Suspension Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax2,5043,105
VAT2,6133,520
PAYE control439379
Directors current account1,904525
Bank loans and overdrafts11
Trade creditors9,0991,880
Accruals1,4001,300
17,96010,710
7. PROVISIONS FOR LIABILITIES 20232022
££
Pensions133116
133116
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010