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REGISTERED NUMBER: 12988063 (England and Wales)














SHANAHAN EXPORTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






SHANAHAN EXPORTS LTD (REGISTERED NUMBER: 12988063)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SHANAHAN EXPORTS LTD

COMPANY INFORMATION
for the Year Ended 30 November 2023







DIRECTOR: M Shanahan





REGISTERED OFFICE: 5 Imperial Court
Laporte way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 12988063 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

SHANAHAN EXPORTS LTD (REGISTERED NUMBER: 12988063)

STATEMENT OF FINANCIAL POSITION
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 83,885 197,642
Debtors 5 152,631 24,113
Cash at bank 80,049 19,025
316,565 240,780
CREDITORS
Amounts falling due within one year 6 228,790 175,517
NET CURRENT ASSETS 87,775 65,263
TOTAL ASSETS LESS CURRENT
LIABILITIES

87,775

65,263

CAPITAL AND RESERVES
Called up, paid and allotted share capital 100 100
Retained earnings 87,675 65,163
SHAREHOLDERS' FUNDS 87,775 65,263

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





M Shanahan - Director


SHANAHAN EXPORTS LTD (REGISTERED NUMBER: 12988063)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Shanahan Exports 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, rounded to the nearest pound.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Income recognition
Income is recognised when goods/services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

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

SHANAHAN EXPORTS LTD (REGISTERED NUMBER: 12988063)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,500 20,500
Other debtors 82,131 3,613
152,631 24,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 120,659 76,357
Taxation and social security 8,629 16,365
Other creditors 99,502 82,795
228,790 175,517

7. RELATED PARTY DISCLOSURES

The director operates a loan account with the company. During the year loans in aggregate of £24,662 were provided to the company. At the year end the company owed the director £93,797.

At the year end the company was owed £80,237 (2022: £nil) from a company under the control of the director.