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REGISTERED NUMBER: 08124081 (England and Wales)











































Shunters Limited

Unaudited Financial Statements

for the Year Ended 29th February 2024






Shunters Limited (Registered number: 08124081)






Contents of the Financial Statements
for the year ended 29th February 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 7


Shunters Limited

Company Information
for the year ended 29th February 2024







Director: R Porteous





Registered office: Unit 5
East Ord Trading Estate
Tweedmouth
Berwick Upon Tweed
Northumberland
TD15 2XF





Registered number: 08124081 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Shunters Limited (Registered number: 08124081)

Balance Sheet
29th February 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 88,544 62,124

Current assets
Debtors 5 41,076 53,995
Cash at bank 8,011 -
49,087 53,995
Creditors
Amounts falling due within one year 6 76,700 65,109
Net current liabilities (27,613 ) (11,114 )
Total assets less current liabilities 60,931 51,010

Creditors
Amounts falling due after more than one
year

7

(16,464

)

(14,921

)

Provisions for liabilities (14,421 ) (9,475 )
Net assets 30,046 26,614

Capital and reserves
Called up share capital 40,002 40,002
Retained earnings (9,956 ) (13,388 )
Shareholders' funds 30,046 26,614

Shunters Limited (Registered number: 08124081)

Balance Sheet - continued
29th February 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29th February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29th February 2024 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 27th November 2024 and were signed by:





R Porteous - Director


Shunters Limited (Registered number: 08124081)

Notes to the Financial Statements
for the year ended 29th February 2024

1. Statutory information

Shunters 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.

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 represents the total invoice value, including value added tax of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 15% on cost
Motor vehicles - 25% on reducing balance
Office equipment - 15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, hire purchase contracts and directors' loans.

Hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.


Shunters Limited (Registered number: 08124081)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The business is now settled in the larger industrial premises and is starting to see the benefits of this in terms of additional income streams and revenues. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

Shunters Limited (Registered number: 08124081)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

4. Tangible fixed assets
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
Cost
At 1st March 2023 12,255 6,564 88,994 4,011 111,824
Additions - 15,930 25,009 553 41,492
At 29th February 2024 12,255 22,494 114,003 4,564 153,316
Depreciation
At 1st March 2023 - 4,259 43,199 2,242 49,700
Charge for year - 772 13,765 535 15,072
At 29th February 2024 - 5,031 56,964 2,777 64,772
Net book value
At 29th February 2024 12,255 17,463 57,039 1,787 88,544
At 28th February 2023 12,255 2,305 45,795 1,769 62,124

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 37,694 24,010
Other debtors 3,382 29,985
41,076 53,995

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts - 244
Hire purchase contracts (see note 8) 12,590 12,709
Trade creditors 27,787 9,433
Taxation and social security 31,793 39,370
Other creditors 4,530 3,353
76,700 65,109

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts (see note 8) 16,464 14,921

Shunters Limited (Registered number: 08124081)

Notes to the Financial Statements - continued
for the year ended 29th February 2024

8. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 12,590 12,709
Between one and five years 16,464 14,921
29,054 27,630

9. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 29,054 27,630

Hire purchase contracts are secured against the assets to which they relate.

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29th February 2024 and 28th February 2023:

20242023
££
Director 1
Balance outstanding at start of year29,4855,151
Amounts advanced-40,174
Amounts repaid(29,485)(15,840)
Balance outstanding at end of year-29,485

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.