Company Registration No. 14938672 (England and Wales)
Shift Global Holdings Ltd
Unaudited accounts
for the period from 15 June 2023 to 30 June 2024
Shift Global Holdings Ltd
Unaudited accounts
Contents
Shift Global Holdings Ltd
Company Information
for the period from 15 June 2023 to 30 June 2024
Directors
JACOB CORLETT
MARK EDWARD FISHLEIGH
Company Number
14938672 (England and Wales)
Shift Global Holdings Ltd
Statement of financial position
as at 30 June 2024
Intangible assets
13,103,038
Cash at bank and in hand
805,875
Net current assets
8,874,781
Total assets less current liabilities
21,977,819
Creditors: amounts falling due after more than one year
(17,880,794)
Called up share capital
3,090
Capital contribution reserve
4,093,935
Shareholders' funds
4,097,025
For the period ending 30 June 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 15 May 2025 and were signed on its behalf by
MARK EDWARD FISHLEIGH
Director
Company Registration No. 14938672
Shift Global Holdings Ltd
Notes to the Accounts
for the period from 15 June 2023 to 30 June 2024
Shift Global Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14938672.
2
Compliance with accounting standards
Basis of Preparation
Shift Global Holdings Limited is the holding company for a group of logistics and technology businesses. Subsequent to the accounting reference date, the group underwent a restructuring. As part of this process, one of the Company's subsidiaries entered into a Creditors' Voluntary Liquidation, and certain other entities previously held at arm's length were brought within the Group.
These financial statements have been prepared on a going concern basis, encompassing only those entities that were subsidiaries of the Company as at the accounting reference date and continue to operate as going concerns.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime under Part 15 of the Companies Act 2006, and in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including Section 1A 'Small Entities'. FRC (Financial Reporting Council) ACCA Global
The directors anticipate that the Company will no longer qualify as a small company under the Companies Act 2006 for the financial year ending 15 June 2025.
The principal accounting policies adopted in the preparation of the financial statements are set out below and 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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Other
At 30 June 2024
13,103,038
At 30 June 2024
13,103,038
Shift Global Holdings Ltd
Notes to the Accounts
for the period from 15 June 2023 to 30 June 2024
Amounts falling due after more than one year
Amounts due from group undertakings etc.
2,818,906
6
Creditors: amounts falling due after more than one year
2024
Other creditors
17,880,794
7
Average number of employees
During the period the average number of employees was 0.