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REGISTERED NUMBER: 05240474 (England and Wales)















SHT LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2023






SHT LIMITED (REGISTERED NUMBER: 05240474)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHT LIMITED

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P Bendall





SECRETARY: I D Quinn





REGISTERED OFFICE: Unit H Austin Way
Hamstead Industrial Estate
Birmingham
West Midlands
B42 1DF





REGISTERED NUMBER: 05240474 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

SHT LIMITED (REGISTERED NUMBER: 05240474)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 219,882 159,628

CURRENT ASSETS
Stocks 262,770 380,257
Debtors 5 531,120 357,830
Cash at bank 116,034 50,350
909,924 788,437
CREDITORS
Amounts falling due within one year 6 686,158 499,341
NET CURRENT ASSETS 223,766 289,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,648

448,724

CREDITORS
Amounts falling due after more than one
year

7

(76,376

)

(113,530

)

PROVISIONS FOR LIABILITIES (15,397 ) (10,748 )
NET ASSETS 351,875 324,446

CAPITAL AND RESERVES
Called up share capital 141,000 141,000
Capital redemption reserve 428 428
Retained earnings 210,447 183,018
SHAREHOLDERS' FUNDS 351,875 324,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

SHT LIMITED (REGISTERED NUMBER: 05240474)

Balance Sheet - continued
31 October 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 director and authorised for issue on 29 July 2024 and were signed by:





P Bendall - Director


SHT LIMITED (REGISTERED NUMBER: 05240474)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

SHT 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Sale of goods
Turnover from the sale of goods is recognised at the point of sale, when the delivery note is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 100% on cost

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.

SHT LIMITED (REGISTERED NUMBER: 05240474)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2022 48,211 580,365 17,399 13,846 659,821
Additions 7,766 62,672 15,990 6,238 92,666
Disposals - - (9,999 ) - (9,999 )
At 31 October 2023 55,977 643,037 23,390 20,084 742,488
DEPRECIATION
At 1 November 2022 10,303 464,853 17,399 7,638 500,193
Charge for year 2,582 24,254 - 5,576 32,412
Eliminated on disposal - - (9,999 ) - (9,999 )
At 31 October 2023 12,885 489,107 7,400 13,214 522,606
NET BOOK VALUE
At 31 October 2023 43,092 153,930 15,990 6,870 219,882
At 31 October 2022 37,908 115,512 - 6,208 159,628

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 448,386 238,817
Other debtors 82,734 119,013
531,120 357,830

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 41,000 41,000
Hire purchase contracts 3,120 -
Trade creditors 229,785 275,951
Taxation and social security 51,961 10,519
Other creditors 360,292 171,871
686,158 499,341

SHT LIMITED (REGISTERED NUMBER: 05240474)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 67,018 113,530
Hire purchase contracts 9,358 -
76,376 113,530

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 108,018 154,530
Factoring liability 274,542 120,652
382,560 275,182

The factoring liability is secured by a fixed and floating charge over the assets of the company. The factoring liability is further secured by a £25,000 personal guarantee given by the director Mr P Bendall.

The MEIF WM small business loan is secured by a fixed first charge on the assets of the company.

The National Westminster Bank loan is secured by a fixed and floating charge over the assets of the company.

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed Blocked Site Limited £12,627 (2022: £12,627) a company of which the director P Bendall, is the controlling shareholder.

At the balance sheet date the company was owed by SHT Engine Cooling Limited £38,085 (2022: £38,085) a company of which the director P Bendall, is the controlling shareholder.