REGISTERED NUMBER: 10662165 (England and Wales)

SHELLSTONE LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr A Grossman

Mr M Rosen

REGISTERED OFFICE:

24 Oldhill Street

London

N16 6LB

REGISTERED NUMBER:

10662165 (England and Wales)

ACCOUNTANTS:

Sugarwhite Meyer Accountants Ltd

First Floor

94 Stamford Hill

London

N16 6XS

CURRENT ASSETS

Stocks

5

30,500

114,250

Debtors

6

542,525

472,291

Cash at bank

39,712

5,517

612,737

592,058

CREDITORS

Amounts falling due within one year

7

338,682

325,761

NET CURRENT ASSETS

274,055

266,297

TOTAL ASSETS LESS CURRENT LIABILITIES

274,055

266,297

CREDITORS

Amounts falling due after more than one year

8

30,714

23,563

NET ASSETS

243,341

242,734

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

243,340

242,733

243,341

242,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by:

Mr M Rosen - Director

1.	STATUTORY INFORMATION

Shellstone Ltd 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

5.

STOCKS

2024

2023

£

£

Stocks

30,500

114,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

53,189

2,574

Other debtors

489,336

469,717

542,525

472,291

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

12,810

9,000

Trade creditors

81,051

61,651

Taxation and social security

69,541

77,268

Other creditors

175,280

177,842

338,682

325,761

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

30,714

23,563

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

30,714

-

9.	RELATED PARTY DISCLOSURES

Other debtors include amounts aggregating £88,263 (2023: £326,776) due from related companies under common control.

Other creditors include amounts aggregating £102,551 (2023: £112,507) due to related companies under common control.