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REGISTERED NUMBER: 12139128 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Shellam Transport Services Ltd

Shellam Transport Services Ltd (Registered number: 12139128)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Shellam Transport Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: P R Norman





REGISTERED OFFICE: 14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 12139128 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Shellam Transport Services Ltd (Registered number: 12139128)

Abridged Statement of Financial Position
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,728 12,767

CURRENT ASSETS
Debtors 20,544 10,802
Cash at bank 301 376
20,845 11,178
CREDITORS
Amounts falling due within one year 25,146 16,992
NET CURRENT LIABILITIES (4,301 ) (5,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,427

6,953

CREDITORS
Amounts falling due after more than one
year

5

5,321

6,083
NET ASSETS 106 870

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 105 869
SHAREHOLDERS' FUNDS 106 870

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.

Shellam Transport Services Ltd (Registered number: 12139128)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 R Norman - Director


Shellam Transport Services Ltd (Registered number: 12139128)

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

1. STATUTORY INFORMATION

Shellam Transport Services Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

Shellam Transport Services Ltd (Registered number: 12139128)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 18,206
DEPRECIATION
At 1 November 2022 5,439
Charge for year 3,039
At 31 October 2023 8,478
NET BOOK VALUE
At 31 October 2023 9,728
At 31 October 2022 12,767

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more than 5 years
by instalments 1,509 3,000
1,509 3,000

6. LOANS

An analysis of the maturity of loans is given below:

31.10.23 31.10.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 953 1,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 953 1,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 2,859 2,083

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 1,509 3,000
1,509 3,000

Shellam Transport Services Ltd (Registered number: 12139128)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1 1 1

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 October 2023 and the period ended 31 October 2022:

31.10.23 31.10.22
£    £   
P R Norman
Balance outstanding at start of year (34 ) (15 )
Amounts advanced 34,035 23,431
Amounts repaid (25,800 ) (23,450 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,201 (34 )

The overdrawn director's current account is included within debtors (2022: creditors). It is an interest free unsecured loan to (2022: from) the director, P R Norman.

9. ULTIMATE CONTROLLING PARTY

During the financial year the controlling party was the director by virtue of his 100% holding of the issued share capital of the company.