Registration number: 13206529

SHCO Climbing Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

SHCO Climbing Ltd

Company Information

Director

Mrs Shauna Feehally

Registered office

Hart Accounting Accountants, Licenced Practioners 3 Lennox Avenue Wallasey Merseyside CH45 5AL

Accountants

HART ACCOUNTING 3 Lennox Avenue Wallasey Wirral CH45 5AL

SHCO Climbing Ltd

(Registration number: 13206529)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	2,538
Tangible assets	5	2,650	2,507
		2,650	5,045
Current assets
Debtors	6	-	31,665
Cash at bank and in hand		100,189	98,326
		100,189	129,991
Creditors: Amounts falling due within one year	7	(13,139)	(25,311)
Net current assets		87,050	104,680
Net assets		89,700	109,725
Capital and reserves
Called up share capital	8	10	10
Retained earnings		89,690	109,715
Shareholders' funds		89,700	109,725

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 August 2025
 

......................................... Mrs Shauna Feehally Director

SHCO Climbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hart Accounting
Accountants, Licenced Practioners
3 Lennox Avenue
Wallasey
Merseyside
CH45 5AL
United Kingdom

These financial statements were authorised for issue by the director on 25 August 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

SHCO Climbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	4 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

SHCO Climbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the shareholder's right to receive payment is established.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

SHCO Climbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	11,076	11,076
At 31 March 2025	11,076	11,076
Amortisation
At 1 April 2024	8,538	8,538
Amortisation charge	2,538	2,538
At 31 March 2025	11,076	11,076
Carrying amount
At 31 March 2025	-	-
At 31 March 2024	2,538	2,538

5	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	4,602	4,602
Additions	1,546	1,546
Disposals	(1,149)	(1,149)
At 31 March 2025	4,999	4,999
Depreciation
At 1 April 2024	2,095	2,095
Charge for the year	883	883
Eliminated on disposal	(629)	(629)
At 31 March 2025	2,349	2,349
Carrying amount
At 31 March 2025	2,650	2,650
At 31 March 2024	2,507	2,507

SHCO Climbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	-	29,704
Other debtors	-	1,961
	-	31,665

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	2,110	-
Trade creditors		1,846	729
Taxation and social security		8,455	23,391
Accruals and deferred income		728	585
Other creditors		-	606
		13,139	25,311

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £0.10 each	100	10	100	10

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	2,110	-

Other borrowing includes £1619 loaned to the company by the director (2024 - NIL).

SHCO Climbing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £400.00 (2024 - £339.00) per each Ordinary shares		40,000		33,900

11	Related party transactions

Transactions with the director

2025	At 1 April 2024 £	Repayments by director £	At 31 March 2025 £
Mrs Shauna Feehally
Short term loan	1,962	(1,962)	-

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
Mrs Shauna Feehally
Short term loan	-	1,962	1,962

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	12,720	12,570