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Registered number: 11617954

Shugi Transport Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023

Prepared By:
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Shugi Transport Limited

ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
DIRECTORS
N Shugi
REGISTERED OFFICE
120 Absolute House, Writtle Road
Margaretting
Ingatestone
Essex
CM4 0EL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 11617954
ACCOUNTANTS
IUVO Services Limited
Chartered Accountants
10 The Crescent
Little Leighs
Chelmsford
Essex
CM3 1LY

Shugi Transport Limited

ACCOUNTS
FOR THEYEARENDED31/10/2023
CONTENTS
Page
Directors' Report-
Accountants' 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-

Shugi Transport Limited

BALANCE SHEET AT 31/10/2023
20232022
Notes££
FIXED ASSETS
Tangible assets310,32513,603
CURRENT ASSETS
Debtors48,983-
Cash at bank and in hand172133
9,155133
CREDITORS: Amounts falling due within one year59,6808,129
NET CURRENT LIABILITIES(525)(7,996)
TOTAL ASSETS LESS CURRENT LIABILITIES9,8005,607
CREDITORS: Amounts falling due after more than one year69,00015,000
PROVISIONS FOR LIABILITIES AND CHARGES7700-
NET ASSETS / (LIABILITIES)100(9,393)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account-(9,493)
SHAREHOLDERS' FUNDS100(9,393)
For the year ending 31/10/2023 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 28/08/2024 and signed on their behalf by
.............................
N Shugi
Director

Shugi Transport Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2023
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. Going Concern
At the year end date the Company's liabilities exceeded its assets by £9,393 (2021: £25,275). This is because of losses suffered when the coronavirus pandemic hit. The director has found alternative work for the company. This has, and the director believes, will continue to enable the company to service its debts and recover. He has therefore pledged to support it. As a result the accounts are prepared on a going concern basis.
1c. 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 15%
Motor Carsreducing balance 25%
2. EMPLOYEES
20232022
No.No.
Average number of employees--

Shugi Transport Limited

3. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/11/20222,00016,50018,500
At 31/10/20232,00016,50018,500
Depreciation
At 01/11/20227724,1254,897
For the year1843,0943,278
At 31/10/20239567,2198,175
Net Book Amounts
At 31/10/20231,0449,28110,325
At 31/10/20221,22812,37513,603
4. DEBTORS 20232022
££
Amounts falling due within one year
Directors current account8,983-
8,983-
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Directors current account-629
Bank Loan6,0006,000
Trade creditors1,780-
Accruals1,9001,500
9,6808,129
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1yr9,00015,000
9,00015,000

Shugi Transport Limited

7. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation700-
700-
8. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
9. CONTROLLING PARTY
The company is controlled by N Shugi, the director.
10. RELATED PARTY TRANSACTIONS
At the year end date the company was owed £8,983 by its director (2022: the company owed the director £629). This debt is included in debtors (2022 creditors), and was repaid in full in May 2024.