REGISTERED NUMBER: 00428331 (England and Wales)

Unaudited Financial Statements For The Year Ended 31st December 2024

for

Shesto Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D Delic

R J Shestopal

SECRETARY:

Mrs H I Shestopal

REGISTERED OFFICE:

Sunley House

Olds Approach

Watford

Hertfordshire

WD18 9TB

REGISTERED NUMBER:

00428331 (England and Wales)

ACCOUNTANTS:

Dua & Co. Limited

1st Floor

5 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9PX

FIXED ASSETS

Intangible assets

4

398

3,636

Property, plant and equipment

5

85,397

102,510

85,795

106,146

CURRENT ASSETS

Inventories

1,008,025

1,089,048

Debtors

6

782,067

674,508

Cash at bank

7,997

48,163

1,798,089

1,811,719

CREDITORS

Amounts falling due within one year

7

851,091

833,977

NET CURRENT ASSETS

946,998

977,742

TOTAL ASSETS LESS CURRENT LIABILITIES

1,032,793

1,083,888

CREDITORS

Amounts falling due after more than one year

8

(136,083

)

(222,542

)

PROVISIONS FOR LIABILITIES

(10,482

)

(10,482

)

NET ASSETS

886,228

850,864

CAPITAL AND RESERVES

Called up share capital

1,100

1,100

Capital redemption reserve

1,997

1,997

Retained earnings

883,131

847,767

SHAREHOLDERS' FUNDS

886,228

850,864

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th September 2025 and were signed on its behalf by:

D Delic - Director

1.	STATUTORY INFORMATION

Shesto 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for goods net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st January 2024

and 31st December 2024

16,190

AMORTISATION

At 1st January 2024

12,554

Charge for year

3,238

At 31st December 2024

15,792

NET BOOK VALUE

At 31st December 2024

398

At 31st December 2023

3,636

5.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1st January 2024

7,481

252,141

97,562

357,184

Additions

-

4,423

-

4,423

At 31st December 2024

7,481

256,564

97,562

361,607

DEPRECIATION

At 1st January 2024

4,488

223,693

26,493

254,674

Charge for year

748

6,574

14,214

21,536

At 31st December 2024

5,236

230,267

40,707

276,210

NET BOOK VALUE

At 31st December 2024

2,245

26,297

56,855

85,397

At 31st December 2023

2,993

28,448

71,069

102,510

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

644,472

618,832

Other debtors

137,595

55,676

782,067

674,508

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

201,959

263,559

Hire purchase contracts

9,672

9,672

Trade creditors

373,018

267,612

Taxation and social security

118,823

179,709

Other creditors

147,619

113,425

851,091

833,977

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

89,674

166,864

Hire purchase contracts

46,409

55,678

136,083

222,542

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

89,674

166,864

The bank loans are secured by a fixed and floating charge over all of the assets of the company. All monies due or to become due from the company to the charger (HSBC) on any account whatsoever.There is a charge in favour of the bank to a limit of £360,000 on the assets of Harvestmead Limited, a company controlled by R J Shestopal (director).

Harvestmead Limited (a company controlled by R Shestopal - Director) has pledged one of its property assets known as 14 Stewart Court, 2 Colnhurst Road, Watford WD17 4BW to support the facilities of Shesto Limited.

The Bank Facilities have been secured by an unsupported Joint and Several Guarantee of £180,000 from R Shestopal and Dan Delic as a personal guarantee.

R J Shestopal has given a personal guarantee against the secured loan from Funding Circus for the amount of £47,356.

10.	OTHER FINANCIAL COMMITMENTS

The company has a financial commitment with regards to the lease of its premises. The lease commitment is £19,489 over 1 year and £38,978 for 2 years .with a rent review and mutual break clause incorporated falling within the year ended 31 December 2024.The lease will expire in October 2026.

11.	ULTIMATE CONTROLLING PARTY

The company is controlled by R J Shestopal, a director, who owns 90% of the issued share capital.