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REGISTERED NUMBER: 13616556 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Shorkk Limited

Shorkk Limited (Registered number: 13616556)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shorkk Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs M P El Khazen
Mr P C El Khazen





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
South Glos
BS32 4JY





REGISTERED NUMBER: 13616556 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

Shorkk Limited (Registered number: 13616556)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,806 4,712

CURRENT ASSETS
Stocks 7,359 14,614
Debtors 5 53 60
Cash at bank and in hand 11,891 11,227
19,303 25,901
CREDITORS
Amounts falling due within one year 6 (46,529 ) (48,380 )
NET CURRENT LIABILITIES (27,226 ) (22,479 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,420 ) (17,767 )

PROVISIONS FOR LIABILITIES (723 ) (895 )
NET LIABILITIES (24,143 ) (18,662 )

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 (24,145 ) (18,664 )
SHAREHOLDERS' FUNDS (24,143 ) (18,662 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 November 2024 and were signed on its behalf by:





Mrs M P El Khazen - Director


Shorkk Limited (Registered number: 13616556)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Shorkk 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 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.
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

Shorkk Limited (Registered number: 13616556)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 3,148 1,299 2,748 7,195
DEPRECIATION
At 1 October 2023 598 522 1,363 2,483
Charge for year 255 194 457 906
At 30 September 2024 853 716 1,820 3,389
NET BOOK VALUE
At 30 September 2024 2,295 583 928 3,806
At 30 September 2023 2,550 777 1,385 4,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Prepayments 53 60

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 1,500 -
Directors' current accounts 43,679 47,090
Accrued expenses 1,350 1,290
46,529 48,380

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
2 Ordinary £1 2 2

8. RESERVES
Retained
earnings
£   

At 1 October 2023 (18,664 )
Deficit for the year (5,481 )
At 30 September 2024 (24,145 )

Shorkk Limited (Registered number: 13616556)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. GOING CONCERN

As at the reporting date the company had net liabilities. However, the directors have confirmed that in their opinion the company will be able to meet its liabilities as they fall due for the foreseeable future (being a period not less than twelve months) due to their continued financial support of the company.

Consequently the company is considered to be a going concern.