REGISTERED NUMBER: 08882917 (England and Wales)

GO SHRED LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Cluskey

Mrs B Cluskey

REGISTERED OFFICE:

162 Clough Lane

Huddersfield

West Yorkshire

HD2 2JD

REGISTERED NUMBER:

08882917 (England and Wales)

ACCOUNTANTS:

SMH Sheards

Vernon House

40 New North Road

Huddersfield

West Yorkshire

HD1 5LS

FIXED ASSETS

Tangible assets

4

35,203

32,121

CURRENT ASSETS

Debtors

5

49,286

55,817

Cash at bank

9,951

386

59,237

56,203

CREDITORS

Amounts falling due within one year

6

(77,607

)

(62,381

)

NET CURRENT LIABILITIES

(18,370

)

(6,178

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,833

25,943

CREDITORS

Amounts falling due after more than one year

7

(8,401

)

(19,270

)

PROVISIONS FOR LIABILITIES

10

(7,812

)

(6,012

)

NET ASSETS

620

661

CAPITAL AND RESERVES

Called up share capital

20

20

Retained earnings

600

641

SHAREHOLDERS' FUNDS

620

661

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 September 2025 and were signed on its behalf by:

M A Cluskey - Director

Mrs B Cluskey - Director

1.	STATUTORY INFORMATION

Go Shred Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is represented by the invoiced sales of services, excluding VAT, which are recognised when the services are provided.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Financial instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, finance leases and accruals, are initially recognised at transaction price.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

98,244

Additions

17,227

At 31 March 2025

115,471

DEPRECIATION

At 1 April 2024

66,123

Charge for year

14,145

At 31 March 2025

80,268

NET BOOK VALUE

At 31 March 2025

35,203

At 31 March 2024

32,121

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

42,500

DEPRECIATION

At 1 April 2024

22,542

Charge for year

4,989

At 31 March 2025

27,531

NET BOOK VALUE

At 31 March 2025

14,969

At 31 March 2024

19,958

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

37,650

36,916

Other debtors

11,636

18,901

49,286

55,817

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,190

7,988

Hire purchase contracts (see note 8)

14,508

10,463

Trade creditors

618

5,667

Taxation and social security

52,661

36,886

Other creditors

1,630

1,377

77,607

62,381

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,144

9,345

Hire purchase contracts (see note 8)

7,257

9,925

8,401

19,270

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

14,508

10,463

Between one and five years

7,257

9,925

21,765

20,388

Non-cancellable

operating leases

2025

2024

£

£

Within one year

-

4,734

Between one and five years

-

9,074

-

13,808

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

9,334

17,333

Hire purchase contract

21,765

20,388

31,099

37,721

Secured debts represents assistance received under the Bounce Back loan scheme granted by the Government.

Hire purchase liabilities are secured over the asset to which the agreement relates.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

7,812

6,012

Deferred

tax

£

Balance at 1 April 2024

6,012

Charge to Income Statement during year

1,800

Balance at 31 March 2025

7,812

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M A Cluskey

Balance outstanding at start of year

9,048

-

Amounts advanced

870

9,048

Amounts repaid

(9,048

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

870

9,048

12.	RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £0 (2024: £0) were outstanding at the year end.