| Shilling Mergers Limited |
| Registered number: 07046876 |
| Balance Sheet |
| as at 24 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
57,971 |
|
|
9,727 |
| Investments |
4 |
|
|
2 |
|
|
2 |
|
|
|
|
57,973 |
|
|
9,729 |
|
| Current assets |
| Debtors |
5 |
|
2,727,723 |
|
|
2,177,158 |
| Cash at bank and in hand |
|
|
575,418 |
|
|
544,780 |
|
|
|
3,303,141 |
|
|
2,721,938 |
|
| Creditors: amounts falling due within one year |
6 |
|
(2,986,471) |
|
|
(2,367,678) |
|
| Net current assets |
|
|
|
316,670 |
|
|
354,260 |
|
| Total assets less current liabilities |
|
|
|
374,643 |
|
|
363,989 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(22,479) |
|
|
(16,667) |
|
| Provisions for liabilities |
|
|
|
- |
|
|
(2,617) |
|
|
| Net assets |
|
|
|
352,164 |
|
|
344,705 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
6 |
|
|
6 |
| Profit and loss account |
|
|
|
352,158 |
|
|
344,699 |
|
| Shareholders' funds |
|
|
|
352,164 |
|
|
344,705 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Colin Carter |
| Director |
| Approved by the board on 9 September 2025 |
|
| Shilling Mergers Limited |
| Notes to the Accounts |
| for the year ended 24 September 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
25% reducing balance |
|
Office equipment |
20% straight line |
|
|
Investments |
|
Investments in unquoted equity instruments are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is estimated by using a valuation technique. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Leasing and hire purchase commitments |
|
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.
The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
7 |
|
7 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 25 September 2023 |
9,755 |
|
10,680 |
|
20,435 |
|
Additions |
4,984 |
|
63,125 |
|
68,109 |
|
Disposals |
(1,316) |
|
- |
|
(1,316) |
|
At 24 September 2024 |
13,423 |
|
73,805 |
|
87,228 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 25 September 2023 |
8,038 |
|
2,670 |
|
10,708 |
|
Charge for the year |
1,358 |
|
17,783 |
|
19,141 |
|
On disposals |
(592) |
|
- |
|
(592) |
|
At 24 September 2024 |
8,804 |
|
20,453 |
|
29,257 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 24 September 2024 |
4,619 |
|
53,352 |
|
57,971 |
|
At 24 September 2023 |
1,717 |
|
8,010 |
|
9,727 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 25 September 2023 |
2 |
|
|
At 24 September 2024 |
2 |
|
|
|
|
|
|
|
|
|
|
The company holds more than 20% of the share capital of the following companies: |
|
|
|
Apress Investments Ltd |
|
Colliers Truck Investments Ltd |
|
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
350,819 |
|
32,168 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
2,024,054 |
|
791,827 |
|
Other debtors |
352,850 |
|
1,353,163 |
|
|
|
|
|
|
2,727,723 |
|
2,177,158 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
10,000 |
|
10,000 |
|
Obligations under finance lease and hire purchase contracts |
13,553 |
|
- |
|
Trade creditors |
17,968 |
|
25,731 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
2,563,491 |
|
2,198,629 |
|
Corporation tax |
4,091 |
|
20,261 |
|
Other taxes and social security costs |
39,760 |
|
33,061 |
|
Other creditors |
337,608 |
|
79,996 |
|
|
|
|
|
|
2,986,471 |
|
2,367,678 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
6,667 |
|
16,667 |
|
Obligations under finance lease and hire purchase contracts |
15,812 |
|
- |
|
|
|
|
|
|
22,479 |
|
16,667 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group. |
| 9 |
Controlling party |
|
|
The company is controlled by its director and shareholders. |