IRIS Accounts Production v25.1.3.33 07750757 Board of Directors 1.9.23 31.8.24 31.8.24 true false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077507572023-08-31077507572024-08-31077507572023-09-012024-08-31077507572022-08-31077507572022-09-012023-08-31077507572023-08-3107750757ns15:EnglandWales2023-09-012024-08-3107750757ns14:PoundSterling2023-09-012024-08-3107750757ns10:Director12023-09-012024-08-3107750757ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107750757ns10:SmallEntities2023-09-012024-08-3107750757ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107750757ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107750757ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107750757ns10:FullAccounts2023-09-012024-08-310775075712023-09-012024-08-3107750757ns10:Director22023-09-012024-08-3107750757ns10:RegisteredOffice2023-09-012024-08-3107750757ns5:CurrentFinancialInstruments2024-08-3107750757ns5:CurrentFinancialInstruments2023-08-3107750757ns5:Non-currentFinancialInstruments2024-08-3107750757ns5:Non-currentFinancialInstruments2023-08-3107750757ns5:ShareCapital2024-08-3107750757ns5:ShareCapital2023-08-3107750757ns5:RetainedEarningsAccumulatedLosses2024-08-3107750757ns5:RetainedEarningsAccumulatedLosses2023-08-3107750757ns5:NetGoodwill2023-09-012024-08-3107750757ns5:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3107750757ns5:PlantMachinery2023-09-012024-08-3107750757ns5:NetGoodwill2023-08-3107750757ns5:NetGoodwill2024-08-3107750757ns5:NetGoodwill2023-08-3107750757ns5:PlantMachinery2023-08-3107750757ns5:FurnitureFittings2023-08-3107750757ns5:MotorVehicles2023-08-3107750757ns5:ComputerEquipment2023-08-3107750757ns5:FurnitureFittings2023-09-012024-08-3107750757ns5:MotorVehicles2023-09-012024-08-3107750757ns5:ComputerEquipment2023-09-012024-08-3107750757ns5:PlantMachinery2024-08-3107750757ns5:FurnitureFittings2024-08-3107750757ns5:MotorVehicles2024-08-3107750757ns5:ComputerEquipment2024-08-3107750757ns5:PlantMachinery2023-08-3107750757ns5:FurnitureFittings2023-08-3107750757ns5:MotorVehicles2023-08-3107750757ns5:ComputerEquipment2023-08-3107750757ns5:CostValuation2023-08-3107750757ns5:Subsidiary12023-09-012024-08-31077507571ns5:Subsidiary12023-09-012024-08-3107750757ns5:Subsidiary12024-08-3107750757ns5:Subsidiary12023-08-3107750757ns5:Subsidiary12023-08-3107750757ns5:Subsidiary22023-09-012024-08-3107750757ns5:Subsidiary232023-09-012024-08-3107750757ns5:Subsidiary22024-08-3107750757ns5:Subsidiary22023-08-3107750757ns5:Subsidiary22022-09-012023-08-3107750757ns5:Subsidiary32023-09-012024-08-31077507575ns5:Subsidiary32023-09-012024-08-3107750757ns5:Subsidiary32024-08-3107750757ns5:Subsidiary32023-08-3107750757ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107750757ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107750757ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-08-3107750757ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-08-3107750757ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-08-3107750757ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-3107750757ns5:HirePurchaseContracts2024-08-3107750757ns5:HirePurchaseContracts2023-08-31
REGISTERED NUMBER: 07750757 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Shropshire Commercial Trading Limited

Shropshire Commercial Trading Limited (Registered number: 07750757)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shropshire Commercial Trading Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: G J Jenkins
Mrs C E Jenkins



REGISTERED OFFICE: 90-91 Wallace Way
Tern Valley Business Park
Market Drayton
Shropshire
TF9 3AG



REGISTERED NUMBER: 07750757 (England and Wales)



ACCOUNTANTS: WR Partners
Chartered Accountants
Belmont House
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG



BANKERS: Barclays Bank Plc
44-46 Castle Street
Shrewsbury
Shropshire
SY1 2BU

Shropshire Commercial Trading Limited (Registered number: 07750757)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 190,523 134,504
Investments 6 300 300
Investment property 7 924,831 924,857
1,115,654 1,059,661

CURRENT ASSETS
Inventories 262,476 340,329
Debtors 8 32,620 41,016
Cash at bank 69,369 137,781
364,465 519,126
CREDITORS
Amounts falling due within one year 9 380,198 372,341
NET CURRENT (LIABILITIES)/ASSETS (15,733 ) 146,785
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099,921

1,206,446

CREDITORS
Amounts falling due after more than
one year

10

18,105

41,010
NET ASSETS 1,081,816 1,165,436

Shropshire Commercial Trading Limited (Registered number: 07750757)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,500,100 1,500,100
Retained earnings (418,284 ) (334,664 )
SHAREHOLDERS' FUNDS 1,081,816 1,165,436

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 29 May 2025 and were signed on its behalf by:





G J Jenkins - Director


Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Shropshire Commercial Trading 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 90,000
AMORTISATION
At 1 September 2023
and 31 August 2024 90,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 September 2023 95,491 61,339 71,189 4,190 232,209
Additions 9,019 - 38,999 31,279 79,297
At 31 August 2024 104,510 61,339 110,188 35,469 311,506
DEPRECIATION
At 1 September 2023 17,827 55,624 23,730 524 97,705
Charge for year 10,223 1,877 8,744 2,434 23,278
At 31 August 2024 28,050 57,501 32,474 2,958 120,983
NET BOOK VALUE
At 31 August 2024 76,460 3,838 77,714 32,511 190,523
At 31 August 2023 77,664 5,715 47,459 3,666 134,504

Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 300
NET BOOK VALUE
At 31 August 2024 300
At 31 August 2023 300

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Henry Tudor House Limited
Registered office: England and Wales
Nature of business: Bar and restaurant
%
Class of shares: holding
Ordinary 100.00
3.9.24 28.2.24
£    £   
Aggregate capital and reserves - 94

Live in the House Limited
Registered office: England and Wales
Nature of business: Event management
%
Class of shares: holding
Ordinary 100.00
2024 2023
£    £   
Aggregate capital and reserves 815 4,565
Loss for the year (3,750 ) (1,579 )

Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

6. FIXED ASSET INVESTMENTS - continued

Planet Mojo Limited (formerly New Inn Baschurch Limited)
Registered office: England and Wales
Nature of business: Bar and restaurant
%
Class of shares: holding
Ordinary 100.00
29.2.24 28.2.23
£    £   
Aggregate capital and reserves 4,693 4,693

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 925,088
DEPRECIATION
At 1 September 2023 231
Charge for year 26
At 31 August 2024 257
NET BOOK VALUE
At 31 August 2024 924,831
At 31 August 2023 924,857

New Inn, Baschurch is valued at £481,347. The valuation was carried out by the directors of the company on 31 August 2024 being the open market value on an existing use basis.

31 High Street, Wem is valued at £91,421. The valuation was carried out by the directors of the company on 31 August 2024 being the open market value on an existing use basis.

Unit 87-89 Wallace Way, Tern Valley Business Park is valued at £317,000. The valuation was carried out by the directors of the company on 31 August 2024 being the open market value on an existing use basis.

Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115 1,279
Amounts owed by group undertakings 32,305 39,603
Other debtors 200 134
32,620 41,016

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) 4,378 8,582
Trade creditors 1,225 -
Amounts owed to group undertakings 14,015 2,576
Taxation and social security 324 476
Other creditors 360,256 360,707
380,198 372,341

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 11) 18,105 41,010

11. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 4,378 8,582
Between one and five years 18,105 41,010
22,483 49,592

Shropshire Commercial Trading Limited (Registered number: 07750757)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

12. RELATED PARTY DISCLOSURES

Included in debtors due within one year is a loan to Planet Mojo Limited (previously New Inn Baschurch Limited) of £52 (2023 - £Nil), a wholly owned subsidiary of the company.

During the year sales totalling £7,650 (2023 - £6,720) were received from Live in the House Limited, a wholly owned subsidiary of the company.

Included in creditors due within one year is a loan from Live in the House Limited of £262 (2023 - £2,576), a wholly owned subsidiary of the company.

Included in creditors due within one year is a loan balance of £357,560 (2023 - £358,072) due to the directors of the company. This balance is repayable on demand. No interest was charged on this loan during the year.

During the year sales totalling £2,487 (2023 - £42,194) were charged to Weston Campervan Limited, a company which has G Jenkins as a director in common. Also purchases were made from Weston Campervan Limited of £Nil (2023 - £10,067).

Included in creditors due within one year is a loan from Weston Campervan Limited of £13,753 (2023 - Debtors £147).

Also included in debtors due within one year is a loan to SEJ Money Limited of £32,252 (2023 - £39,456), the company holds 15% of the share capital in SEJ Money Limited. This loan is repayable on demand. No interest was charged on this loan during the year.

During the year sales totalling £2,249 (2023 - £NIl) were received from SEJ Money Limited.

13. ULTIMATE CONTROLLING PARTY

The company is under control of Mr G J and Mrs C E Jenkins who together own 100% of the issued share capital.