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Company Registration No. 09248694 (England and Wales)
Shortek Limited Unaudited accounts for the year ended 31 October 2024
Shortek Limited Unaudited accounts Contents
Page
- 2 -
Shortek Limited Company Information for the year ended 31 October 2024
Directors
Timothy George Vallings Patricia Jane Vallings
Company Number
09248694 (England and Wales)
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Shortek Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,354,628 
1,353,750 
Current assets
Cash at bank and in hand
13,467 
11,595 
Creditors: amounts falling due within one year
(732,299)
(699,813)
Net current liabilities
(718,832)
(688,218)
Total assets less current liabilities
635,796 
665,532 
Creditors: amounts falling due after more than one year
(721,924)
(721,924)
Net liabilities
(86,128)
(56,392)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(86,228)
(56,492)
Shareholders' funds
(86,128)
(56,392)
For the year ending 31 October 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 8 April 2025 and were signed on its behalf by
Timothy George Vallings Director Company Registration No. 09248694
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Shortek Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Shortek Limited is a private company, limited by shares, registered in England and Wales, registration number 09248694.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2023
1,353,750 
- 
1,353,750 
Additions
- 
969 
969 
At 31 October 2024
1,353,750 
969 
1,354,719 
Depreciation
Charge for the year
- 
91 
91 
At 31 October 2024
- 
91 
91 
Net book value
At 31 October 2024
1,353,750 
878 
1,354,628 
At 31 October 2023
1,353,750 
- 
1,353,750 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
731,299 
699,013 
Accruals
1,000 
800 
732,299 
699,813 
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Shortek Limited Notes to the Accounts for the year ended 31 October 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
721,924 
721,924 
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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