| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2024 |
| for |
| Shropshire Commercial Trading Limited |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Belmont House |
| Shrewsbury Business Park |
| Shrewsbury |
| Shropshire |
| SY2 6LG |
| BANKERS: |
| 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 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
| NET ASSETS |
| Shropshire Commercial Trading Limited (Registered number: 07750757) |
| Balance Sheet - continued |
| 31 August 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| 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 |
| Plant and machinery etc | - |
| 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 |
| 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 |
| AMORTISATION |
| At 1 September 2023 |
| and 31 August 2024 |
| 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 |
| Additions |
| At 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| Charge for year |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 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 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| The company's investments at the Balance Sheet date in the share capital of companies include the following: |
| Registered office: England and Wales |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| Registered office: England and Wales |
| Nature of business: |
| % |
| Class of shares: | holding |
| 2024 | 2023 |
| £ | £ |
| Aggregate capital and reserves |
| Loss for the year | ( |
) | ( |
) |
| 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 |
| Registered office: England and Wales |
| Nature of business: |
| % |
| Class of shares: | holding |
| £ | £ |
| Aggregate capital and reserves |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 September 2023 |
| and 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 | 231 |
| Charge for year | 26 |
| At 31 August 2024 | 257 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 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 |
| Amounts owed by group undertakings |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts (see note 11) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Hire purchase contracts (see note 11) |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments under hire purchase fall due as follows: |
| 2024 | 2023 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| 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. |