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REGISTERED NUMBER: 03402907 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Shillings Ltd

Shillings Ltd (Registered number: 03402907)

Contents of the Financial Statements
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Shillings Ltd

Company Information
for the year ended 30 September 2024







DIRECTORS: Mrs C M Brimm
R A Brimm
A D Brimm
J C Brimm





SECRETARY: Mrs C M Brimm





REGISTERED OFFICE: The Hanger
The Loop
Manston
Ramsgate
Kent
CT12 5DE





REGISTERED NUMBER: 03402907 (England and Wales)





ACCOUNTANTS: MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG

Shillings Ltd (Registered number: 03402907)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,648 14,560
Tangible assets 5 196,164 228,836
207,812 243,396

CURRENT ASSETS
Stocks 261,753 277,481
Debtors 6 194,092 249,304
Cash at bank 78,107 182,482
533,952 709,267
CREDITORS
Amounts falling due within one year 7 273,867 332,186
NET CURRENT ASSETS 260,085 377,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

467,897

620,477

CREDITORS
Amounts falling due after more than one
year

8

96,233

166,820
NET ASSETS 371,664 453,657

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 371,464 453,457
SHAREHOLDERS' FUNDS 371,664 453,657

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.

Shillings Ltd (Registered number: 03402907)

Balance Sheet - 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 25 June 2025 and were signed on its behalf by:





J C Brimm - Director


Shillings Ltd (Registered number: 03402907)

Notes to the Financial Statements
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Shillings Ltd 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
Turnover 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 2012, is being amortised evenly over its estimated useful life of ten 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.

Computer software is being amortised evenly over its estimated useful life of ten years.

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 - 15% 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.

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.

Shillings Ltd (Registered number: 03402907)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 182,000 45,500 227,500
AMORTISATION
At 1 October 2023 182,000 30,940 212,940
Charge for year - 2,912 2,912
At 30 September 2024 182,000 33,852 215,852
NET BOOK VALUE
At 30 September 2024 - 11,648 11,648
At 30 September 2023 - 14,560 14,560

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 447,651
Additions 2,115
At 30 September 2024 449,766
DEPRECIATION
At 1 October 2023 218,815
Charge for year 34,787
At 30 September 2024 253,602
NET BOOK VALUE
At 30 September 2024 196,164
At 30 September 2023 228,836

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 194,092 249,304

Shillings Ltd (Registered number: 03402907)

Notes to the Financial Statements - continued
for the year ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 107,542 76,808
Other creditors 22,754 34,232
Tax - 434
Social security and other taxes 80,772 101,559
Directors' current accounts 54,120 102,675
Accrued expenses 8,679 16,478
273,867 332,186

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 15,276 -
Bounce Back Loan 11,674 22,902
Hire purchase contracts 69,283 143,918
96,233 166,820

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 11,674 22,902

Shillings Ltd

Report of the Accountants to the Directors of
Shillings Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






MPH Accountancy and Business Advisors Ltd
99 Canterbury Road
Whitstable
Kent
CT5 4HG


25 June 2025