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REGISTERED NUMBER: 05240474 (England and Wales)















SHT LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2024






SHT LIMITED (REGISTERED NUMBER: 05240474)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHT LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: P Bendall





SECRETARY: I D Quinn





REGISTERED OFFICE: Unit H Austin Way
Hamstead Industrial Estate
Birmingham
West Midlands
B42 1DF





REGISTERED NUMBER: 05240474 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

SHT LIMITED (REGISTERED NUMBER: 05240474)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 231,230 219,882

CURRENT ASSETS
Stocks 141,268 262,770
Debtors 5 405,135 531,120
Cash at bank 27,385 116,034
573,788 909,924
CREDITORS
Amounts falling due within one year 6 394,041 686,158
NET CURRENT ASSETS 179,747 223,766
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,977

443,648

CREDITORS
Amounts falling due after more than one
year

7

(24,514

)

(76,376

)

PROVISIONS FOR LIABILITIES (30,670 ) (15,397 )
NET ASSETS 355,793 351,875

CAPITAL AND RESERVES
Called up share capital 141,000 141,000
Capital redemption reserve 428 428
Retained earnings 214,365 210,447
SHAREHOLDERS' FUNDS 355,793 351,875

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SHT LIMITED (REGISTERED NUMBER: 05240474)

Balance Sheet - continued
31 October 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 director and authorised for issue on 25 July 2025 and were signed by:





P Bendall - Director


SHT LIMITED (REGISTERED NUMBER: 05240474)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

SHT 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 (£).


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.

Sale of goods
Turnover from the sale of goods is recognised at the point of sale, when the delivery note is raised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 5% on cost
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

SHT LIMITED (REGISTERED NUMBER: 05240474)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 17 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 55,977 643,037 23,390 20,084 742,488
Additions - 28,619 15,000 - 43,619
Disposals - - (7,400 ) - (7,400 )
At 31 October 2024 55,977 671,656 30,990 20,084 778,707
DEPRECIATION
At 1 November 2023 12,885 489,107 7,400 13,214 522,606
Charge for year 2,799 21,562 4,935 2,975 32,271
Eliminated on disposal - - (7,400 ) - (7,400 )
At 31 October 2024 15,684 510,669 4,935 16,189 547,477
NET BOOK VALUE
At 31 October 2024 40,293 160,987 26,055 3,895 231,230
At 31 October 2023 43,092 153,930 15,990 6,870 219,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 284,814 448,386
Other debtors 120,321 82,734
405,135 531,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 41,000 41,000
Hire purchase contracts 3,120 3,120
Trade creditors 197,487 229,785
Taxation and social security 30,200 51,961
Other creditors 122,234 360,292
394,041 686,158

SHT LIMITED (REGISTERED NUMBER: 05240474)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 18,275 67,018
Hire purchase contracts 6,239 9,358
24,514 76,376

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 59,275 108,018
Factoring liability 45,727 274,542
105,002 382,560

The factoring liability is secured by a fixed and floating charge over the assets of the company. The factoring liability is further secured by a £25,000 personal guarantee given by the director Mr P Bendall.

The MEIF WM small business loan is secured by a fixed first charge on the assets of the company.

The National Westminster Bank loan is secured by a fixed and floating charge over the assets of the company.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
P Bendall
Balance outstanding at start of year 20,100 20,100
Amounts advanced - 40,000
Amounts repaid (20,100 ) (40,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 20,100

10. RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed by Blocked Site Limited £12,994 (2023: £-12,627) a company of which the director P Bendall, is the controlling shareholder.

At the balance sheet date the company was owed by SHT Engine Cooling Limited £38,085 (2023: £38,085) a company of which the director P Bendall, is the controlling shareholder.