Company Registration No. 11154894 (England and Wales)
Shorelinefreight Limited
Unaudited accounts
for the year ended 31 January 2025
Shorelinefreight Limited
Unaudited accounts
Contents
Shorelinefreight Limited
Company Information
for the year ended 31 January 2025
Company Number
11154894 (England and Wales)
Registered Office
Union House
111 New Union Street
Coventry
CV1 2NT
Accountants
Tyler Cobane Limited
29 Walton Way
Walton
Stone
Staffordshire
ST15 0JF
Shorelinefreight Limited
Statement of financial position
as at 31 January 2025
Tangible assets
477,508
395,399
Cash at bank and in hand
77,778
54,427
Creditors: amounts falling due within one year
(306,550)
(194,191)
Net current liabilities
(81,975)
(14,600)
Total assets less current liabilities
395,533
380,799
Creditors: amounts falling due after more than one year
(259,093)
(257,459)
Provisions for liabilities
Deferred tax
(64,184)
(51,934)
Called up share capital
100
100
Profit and loss account
72,156
71,306
Shareholders' funds
72,256
71,406
For the year ending 31 January 2025 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 director acknowledges his 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 and authorised for issue on 27 February 2025 and were signed on its behalf by
I Thacker
Director
Company Registration No. 11154894
Shorelinefreight Limited
Notes to the Accounts
for the year ended 31 January 2025
Shorelinefreight Limited is a private company, limited by shares, registered in England and Wales, registration number 11154894. The registered office is Union House, 111 New Union Street, Coventry, CV1 2NT.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
15% reducing balance
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.
4
Tangible fixed assets
Motor vehicles
At 1 February 2024
474,437
At 31 January 2025
626,197
Charge for the year
69,651
At 31 January 2025
148,689
At 31 January 2025
477,508
At 31 January 2024
395,399
Shorelinefreight Limited
Notes to the Accounts
for the year ended 31 January 2025
Amounts falling due within one year
Trade debtors
139,665
118,032
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,550
5,550
Obligations under finance leases and hire purchase contracts
124,884
101,570
Trade creditors
68,611
31,456
Taxes and social security
48,395
14,902
Other creditors
59,110
40,713
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
235,013
228,349
8
Average number of employees
During the year the average number of employees was 5 (2024: 2).