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REGISTERED NUMBER: 04765916 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

SHOREBUTTON LIMITED

SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHOREBUTTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTOR: S S Mancuso





REGISTERED OFFICE: 10 Nicholas Street
Chester
Cheshire
CH1 2NX





REGISTERED NUMBER: 04765916 (England and Wales)





ACCOUNTANTS: M. D. Coxey and Co. Limited
10 Nicholas Street
Chester
CH1 2NX

SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)

BALANCE SHEET
30TH SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,133 -
Tangible assets 5 423,665 186,870
427,798 186,870

CURRENT ASSETS
Stocks 6 64,631 65,220
Debtors 7 3,185,947 1,603,227
Cash at bank and in hand 1,601,717 2,920,992
4,852,295 4,589,439
CREDITORS
Amounts falling due within one year 8 478,391 508,358
NET CURRENT ASSETS 4,373,904 4,081,081
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,801,702

4,267,951

PROVISIONS FOR LIABILITIES 10 95,466 33,824
NET ASSETS 4,706,236 4,234,127

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 4,706,235 4,234,126
SHAREHOLDERS' FUNDS 4,706,236 4,234,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)

BALANCE SHEET - continued
30TH 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26th June 2025 and were signed by:





S S Mancuso - Director


SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

1. STATUTORY INFORMATION

Shorebutton 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 (£), which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Computer software is being amortised evenly over its estimated useful life of three 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 - Straight line over 15 years
Plant and machinery - 15% on reducing balance and Straight line over 20 years
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Additions 6,200
At 30th September 2024 6,200
AMORTISATION
Charge for year 2,067
At 30th September 2024 2,067
NET BOOK VALUE
At 30th September 2024 4,133

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 142,388 393,442 38,741 118,903 693,474
Additions - 244,709 250 38,990 283,949
Disposals - - - (27,279 ) (27,279 )
At 30th September 2024 142,388 638,151 38,991 130,614 950,144
DEPRECIATION
At 1st October 2023 92,367 281,953 35,763 96,521 506,604
Charge for year 9,492 25,087 465 10,909 45,953
Eliminated on disposal - - - (26,078 ) (26,078 )
At 30th September 2024 101,859 307,040 36,228 81,352 526,479
NET BOOK VALUE
At 30th September 2024 40,529 331,111 2,763 49,262 423,665
At 30th September 2023 50,021 111,489 2,978 22,382 186,870

6. STOCKS
30.9.24 30.9.23
£    £   
Finished goods 64,631 65,220

SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 156,745 171,036
Other debtors 660,036 660,036
Mancuso Investments Ltd Loan 1,800,000 -
Directors' current accounts 322,646 521,646
Tax 215,844 215,844
Prepayments 30,676 34,665
3,185,947 1,603,227

Included in debtors are amounts due after more than one year £2,015,844 (2023: £215,844)

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 215,475 221,885
Tax 98,839 129,811
Social security and other taxes 4,475 10,475
VAT 140,567 137,350
Wages control account 1,118 807
Accruals and deferred income 17,917 8,030
478,391 508,358

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.24 30.9.23
£    £   
Within one year 31,000 31,000

10. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 95,466 33,824

Deferred
tax
£   
Balance at 1st October 2023 33,824
Movement in the year due to:
Changes in tax allowance 61,642
Changes in tax rates
Balance at 30th September 2024 95,466

SHOREBUTTON LIMITED (REGISTERED NUMBER: 04765916)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary 1 1 1

12. CAPITAL COMMITMENTS
30.9.24 30.9.23
£    £   
Contracted but not provided for in the
financial statements - -

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023:

30.9.24 30.9.23
£    £   
S S Mancuso
Balance outstanding at start of year 521,646 523,936
Amounts repaid (199,000 ) (2,290 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 322,646 521,646

The above loan which is repayable on demand was provided interest free to the director.

14. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £2,460,036 (2023: £660,036) due from Mancuso Investments Limited, a company which is under the control of S.S. Mancuso.

The company rented premises from Mancuso Investments Limited. The rental charge was £31,000 (2023: £31,000).

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S S Mancuso.