Shoty Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11720086

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		35,000		38,500
Tangible Assets	5		26,099		28,140

			61,099		66,640
CURRENT ASSETS
Stocks	6	8,212		14,416
Debtors	7	77,851		123,866
Cash at bank and in hand		43,942		28,994

		130,005		167,276
Creditors: Amounts Falling Due Within One Year	8	(152,648 )		(177,164 )

NET CURRENT ASSETS (LIABILITIES)			(22,643 )		(9,888 )

TOTAL ASSETS LESS CURRENT LIABILITIES			38,456		56,752

Creditors: Amounts Falling Due After More Than One Year	9		(22,500 )		(33,333 )

NET ASSETS			15,956		23,419

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			15,856		23,319

SHAREHOLDERS' FUNDS			15,956		23,419

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Shoty Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Akakiy Pataridze

Director

21/07/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Shoty Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11720086 . The registered office is 30 Old Brompton Road, London, SW7 3DL.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Intellectual Property

Intellectual property asset is a Lease Premium. It is amortised to the profit and loss account over its estimated economic life of 15 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Straight Line 10 years
Plant & Machinery	Straight Line 8 years
Fixtures & Fittings	Straight Line 10 years
Computer Equipment	33% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Shoty Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2023: 9)

4. Intangible Assets

	Intellectual Property
	£
Cost
As at 1 January 2024	52,500

As at 31 December 2024	52,500

Amortisation
As at 1 January 2024	14,000
Provided during the period	3,500

As at 31 December 2024	17,500

Net Book Value
As at 31 December 2024	35,000

As at 1 January 2024	38,500

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 January 2024	17,986	13,962	10,189	2,291	44,428
Additions	-	1,151	2,305	124	3,580

As at 31 December 2024	17,986	15,113	12,494	2,415	48,008

Depreciation
As at 1 January 2024	5,670	6,625	3,010	983	16,288
Provided during the period	1,798	1,889	1,249	685	5,621

As at 31 December 2024	7,468	8,514	4,259	1,668	21,909

Net Book Value
As at 31 December 2024	10,518	6,599	8,235	747	26,099

As at 1 January 2024	12,316	7,337	7,179	1,308	28,140

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Shoty Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Materials	8,212	14,416

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	8,851	11,866
Other debtors - Orera Ltd	27,000	70,000

	35,851	81,866
Due after more than one year
Other debtors - Rent Deposit	42,000	42,000

	77,851	123,866

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	5,915	6,744
Corporation tax	-	8,064
Other taxes and social security	11,294	3,760
VAT	28,558	29,053
Net wages	9,030	-
Director's loan account	97,851	129,543

	152,648	177,164

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	22,500	33,333

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

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