Company registration number: NI635418
Unaudited financial statements
for the year ended 31 December 2024
for
Shapeshifter Nutrition Ltd
Pages for filing with the Registrar
Company registration number: NI635418
Shapeshifter Nutrition Ltd
Balance sheet
as at 31 December 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 4 6,311 8,932
Tangible assets 5 90,275 74,848
96,586 83,780
Current assets
Stocks 359,104 364,660
Debtors 39,225 51,628
Cash at bank and in hand 55,184 23,277
453,513 439,565
Creditors: amounts falling due within one
year 		(230,159) (219,961)
Net current assets 223,354 219,604
Total assets less current liabilities 319,940 303,384
Creditors: Amounts falling due after more
than one year 		(184,147) (92,087)
NET ASSETS 135,793 211,297
Capital and reserves
Called up share capital 100 100
Profit and loss account 135,693 211,197
TOTAL EQUITY 135,793 211,297
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: NI635418
Shapeshifter Nutrition Ltd
Balance sheet - continued
as at 31 December 2024
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 to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 24 September 2025 and signed on its behalf by:
Mr G Dawson, Director Mr S Creaney, Director
24 September 2025 24 September 2025
2
Shapeshifter Nutrition Ltd
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Shapeshifter Nutrition Ltd is a private company registered in Northern Ireland. Its registered number is NI635418. The company is limited by shares. Its registered office is 4G Gilpinstown Road, Lurgan, Craigavon, BT66 8RL.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 15% reducing balance
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 etc.:
Plant and machinery - 15% reducing balance
Fixtures & fittings - 15% reducing balance
Motor vehicles - 15% reducing balance
3
Shapeshifter Nutrition Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
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 taxation. 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 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.
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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 6 (2023 - 6).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2024 12,363
At 31 December 2024 12,363
Amortisation
At 1 January 2024 3,431
Charge for year 2,621
At 31 December 2024 6,052
4
Shapeshifter Nutrition Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Intangible assets - continued
Net book value
At 31 December 2024 6,311
At 31 December 2023 8,932
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 115,393
Additions 32,682
At 31 December 2024 148,075
Depreciation
At 1 January 2024 40,545
Charge for year 17,255
At 31 December 2024 57,800
Net book value
At 31 December 2024 90,275
At 31 December 2023 74,848
6 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023.
2024 2023
£ £
George Dawson Jnr
Balance outstanding at start of year (1,108) (608)
Amounts advanced 612 -
Balance outstanding at end of year (496) (608)
5
Shapeshifter Nutrition Ltd
Notes to the financial statements - continued
for the year ended 31 December 2024
6 Advances, credit and guarantees granted to directors - continued
2024 2023
£ £
Stephen Creaney
Balance outstanding at start of year (107) (608)
Amounts repaid (5,291) -
Balance outstanding at end of year (5,398) (608)
6