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Company Registration No. 14141026 (England and Wales)
SHS Transport Limited Unaudited accounts for the year ended 31 May 2024
SHS Transport Limited Unaudited accounts Contents
Page
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SHS Transport Limited Company Information for the year ended 31 May 2024
Directors
Susan Smith Philip Smith
Company Number
14141026 (England and Wales)
Registered Office
27a Sabrina Road Wolverhampton WV6 8BP
Accountants
Nellys Accountants Ltd 71 Woodland Avenue Tettenhall Wood Wolverhampton West Midlands WV6 8ND
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SHS Transport Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,055 
14,791 
Current assets
Debtors
48,535 
37,012 
Cash at bank and in hand
22,699 
38,905 
71,234 
75,917 
Creditors: amounts falling due within one year
(51,767)
(65,441)
Net current assets
19,467 
10,476 
Total assets less current liabilities
33,522 
25,267 
Provisions for liabilities
Deferred tax
(2,670)
(2,810)
Net assets
30,852 
22,457 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
30,850 
22,455 
Shareholders' funds
30,852 
22,457 
For the year ending 31 May 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by
Philip Smith Director Company Registration No. 14141026
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SHS Transport Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
SHS Transport Limited is a private company, limited by shares, registered in England and Wales, registration number 14141026. The registered office is 27a Sabrina Road, Wolverhampton, WV6 8BP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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SHS Transport Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
19,722 
Additions
3,950 
At 31 May 2024
23,672 
Depreciation
At 1 June 2023
4,931 
Charge for the year
4,686 
At 31 May 2024
9,617 
Net book value
At 31 May 2024
14,055 
At 31 May 2023
14,791 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
45,712 
33,765 
Accrued income and prepayments
2,823 
3,247 
48,535 
37,012 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,279 
2,997 
Trade creditors
18,342 
31,618 
Taxes and social security
4,540 
4,396 
Loans from directors
23,291 
26,130 
Accruals
315 
300 
51,767 
65,441 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Average number of employees
During the year the average number of employees was 2 (2023: 1).
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