Company Registration No. 09248694 (England and Wales)
Shortek Limited
Unaudited accounts
for the year ended 31 October 2024
Shortek Limited
Unaudited accounts
Contents
Shortek Limited
Company Information
for the year ended 31 October 2024
Directors
Timothy George Vallings
Patricia Jane Vallings
Company Number
09248694 (England and Wales)
Shortek Limited
Statement of financial position
as at 31 October 2024
Tangible assets
1,354,628
1,353,750
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)
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
Shortek Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
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.
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
At 31 October 2024
1,353,750
969
1,354,719
Charge for the year
-
91
91
At 31 October 2024
-
91
91
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
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).