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REGISTERED NUMBER: 01517079 (England and Wales)















A J Shorten Limited

Unaudited Financial Statements for the Year Ended 30 September 2024






A J Shorten Limited (Registered number: 01517079)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A J Shorten Limited

Company Information
for the Year Ended 30 September 2024







Directors: A J Shorten
J A Shorten





Registered office: Haulage Yard
Ludham Road
Catfield
Norfolk
NR29 5PY





Registered number: 01517079 (England and Wales)





Accountants: Fairhead Bradford
5 Queen Street
Great Yarmouth
Norfolk
NR30 2QP

A J Shorten Limited (Registered number: 01517079)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £    £   
Fixed assets
Intangible assets 4 783 783
Tangible assets 5 809,269 779,234
810,052 780,017

Current assets
Stocks 4,247 4,880
Debtors 6 218,135 278,482
Cash at bank - 18,919
222,382 302,281
Creditors
Amounts falling due within one year 7 299,684 316,374
Net current liabilities (77,302 ) (14,093 )
Total assets less current liabilities 732,750 765,924

Creditors
Amounts falling due after more than one
year

8

(361,943

)

(282,652

)

Provisions for liabilities (110,198 ) (98,356 )
Net assets 260,609 384,916

Capital and reserves
Called up share capital 10,000 10,000
Retained earnings 250,609 374,916
260,609 384,916

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.

A J Shorten Limited (Registered number: 01517079)

Statement of Financial Position - continued
30 September 2024


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 29 April 2025 and were signed on its behalf by:





J A Shorten - Director


A J Shorten Limited (Registered number: 01517079)

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

1. Statutory information

A J Shorten 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 (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% 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.

Financial instruments
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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 statement of financial position date.


A J Shorten Limited (Registered number: 01517079)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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 statement of financial position 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 3 (2023 - 3 ) .

4. Intangible fixed assets
Patents
and
licences
£   
Cost
At 1 October 2023
and 30 September 2024 20,521
Amortisation
At 1 October 2023
and 30 September 2024 19,738
Net book value
At 30 September 2024 783
At 30 September 2023 783

5. Tangible fixed assets
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 October 2023 243,533 974,829 50,430 1,268,792
Additions - 467,845 - 467,845
Disposals - (416,468 ) - (416,468 )
At 30 September 2024 243,533 1,026,206 50,430 1,320,169
Depreciation
At 1 October 2023 20,206 441,454 27,898 489,558
Charge for year 47 100,428 5,631 106,106
Eliminated on disposal - (84,764 ) - (84,764 )
At 30 September 2024 20,253 457,118 33,529 510,900
Net book value
At 30 September 2024 223,280 569,088 16,901 809,269
At 30 September 2023 223,327 533,375 22,532 779,234

A J Shorten Limited (Registered number: 01517079)

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

6. Debtors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Trade debtors 61,016 94,122
Other debtors 157,119 184,360
218,135 278,482

7. Creditors: amounts falling due within one year
30/9/24 30/9/23
£    £   
Bank loans and overdrafts 4,086 -
Hire purchase contracts 125,458 111,914
Trade creditors 9,453 25,885
Taxation and social security 12,755 9,051
Other creditors 147,932 169,524
299,684 316,374

8. Creditors: amounts falling due after more than one year
30/9/24 30/9/23
£    £   
Hire purchase contracts 361,943 282,652