REGISTERED NUMBER: 10142843 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

SHS Handling Solutions Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

136,589

-

Tangible assets

5

355,800

257,726

492,389

257,726

CURRENT ASSETS

Stocks

1,531,631

1,449,396

Debtors

6

1,865,723

1,516,423

Cash at bank

1,651,157

1,321,080

5,048,511

4,286,899

CREDITORS

Amounts falling due within one year

7

(1,840,478

)

(1,305,068

)

NET CURRENT ASSETS

3,208,033

2,981,831

TOTAL ASSETS LESS CURRENT LIABILITIES

3,700,422

3,239,557

CREDITORS

Amounts falling due after more than one year

8

(278,420

)

(257,378

)

PROVISIONS FOR LIABILITIES

(88,950

)

(64,432

)

NET ASSETS

3,333,052

2,917,747

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,332,952

2,917,647

SHAREHOLDERS' FUNDS

3,333,052

2,917,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 26 September 2025 and were signed on its behalf by:

Mr Y Dunn - Director

1.	STATUTORY INFORMATION

SHS Handling Solutions Ltd is a private company, limited by shares, domiciled in England, registration number 10142843. The registered office is Unit C, Tingewick Rd Industrial Park, Buckingham, United Kingdom, MK18 1SU.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents net invoiced sales of goods and services in respect of distribution of material handling equipment, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets and depreciation

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

-

50% on cost, 33% on cost, 25% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 period 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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 37 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2024

44,000

-

44,000

Additions

-

165,995

165,995

At 31 December 2024

44,000

165,995

209,995

AMORTISATION

At 1 January 2024

44,000

-

44,000

Charge for year

-

29,406

29,406

At 31 December 2024

44,000

29,406

73,406

NET BOOK VALUE

At 31 December 2024

-

136,589

136,589

At 31 December 2023

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

504,563

Additions

224,067

Disposals

(75,741

)

At 31 December 2024

652,889

DEPRECIATION

At 1 January 2024

247,542

Charge for year

100,583

Eliminated on disposal

(51,036

)

At 31 December 2024

297,089

NET BOOK VALUE

At 31 December 2024

355,800

At 31 December 2023

257,021

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

Plant and

machinery

etc

£

COST

At 1 January 2024

146,809

Additions

98,500

Disposals

(9,500

)

At 31 December 2024

235,809

DEPRECIATION

At 1 January 2024

34,069

Charge for year

42,335

Eliminated on disposal

(3,105

)

At 31 December 2024

73,299

NET BOOK VALUE

At 31 December 2024

162,510

At 31 December 2023

112,740

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,629,971

1,331,814

Amounts owed by group undertakings

7,115

3,756

Other debtors

228,637

180,853

1,865,723

1,516,423

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

73,469

62,481

Trade creditors

304,617

383,948

Amounts owed to group undertakings

1,066,807

98,500

Taxation and social security

248,520

716,747

Other creditors

147,065

43,392

1,840,478

1,305,068

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

163,630

83,071

Other creditors

114,790

174,307

278,420

257,378

31.12.24

31.12.23

£

£

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

114,790

174,307

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Hire purchase contracts

237,099

145,552

Amounts due on hire purchase agreements are secured against the assets to which they relate.