Company Registration No. 06406953 (England and Wales)
C-shore Limited
Unaudited accounts
for the year ended 31 October 2024
C-shore Limited
Statement of financial position
as at 31 October 2024
Tangible assets
18,984
23,201
Inventories
542,228
515,403
Cash at bank and in hand
90,554
1,518
Creditors: amounts falling due within one year
(440,964)
(295,326)
Net current assets
209,470
228,694
Total assets less current liabilities
228,454
251,895
Creditors: amounts falling due after more than one year
(20,523)
(30,563)
Provisions for liabilities
Deferred tax
(3,607)
(4,408)
Net assets
204,324
216,924
Called up share capital
2
2
Profit and loss account
204,322
216,922
Shareholders' funds
204,324
216,924
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2025 and were signed on its behalf by
Richard Anthony Roseveare
Director
Company Registration No. 06406953
C-shore Limited
Notes to the Accounts
for the year ended 31 October 2024
C-shore Limited is a private company, limited by shares, registered in England and Wales, registration number 06406953. The registered office is Makindu, Lower Road, Downderry, PL11 3LW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Revenue arising from the sale of property is recognised on legal completion of the sale. Revenue is measured at the fair value
of consideration received or receivable and represents the amounts receivable for the property, net of discounts and VAT.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated
selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses
are also recognised in profit or loss.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
20% straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
C-shore Limited
Notes to the Accounts
for the year ended 31 October 2024
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2023
41,651
2,118
43,769
At 31 October 2024
41,651
2,867
44,518
At 1 November 2023
19,554
1,014
20,568
Charge for the year
4,419
547
4,966
At 31 October 2024
23,973
1,561
25,534
At 31 October 2024
17,678
1,306
18,984
At 31 October 2023
22,097
1,104
23,201
Amounts falling due within one year
Accrued income and prepayments
1,073
1,959
Other debtors
15,140
5,140
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
227,467
125,558
Obligations under finance leases and hire purchase contracts
5,670
5,670
Trade creditors
11,262
3,004
Taxes and social security
91
20,492
Other creditors
20,000
20,000
Loans from directors
75,474
117,462
Creditors due within one year includes secured loan of £227,467 (2023: £117,213) against the freehold land known as Buttlegate, Downderry, Cornwall. Also included in creditors due within one year is HP creditor which is secured on the asset purchase of £5,670 (2023: £5,670).
C-shore Limited
Notes to the Accounts
for the year ended 31 October 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,198
10,868
Creditors due after one year includes HP creditor which is secured on the asset purchase of £5,198 (2023: £10,868).
Allotted, called up and fully paid:
1 Ordinary A shares of £1 each
1
1
1 Ordinary B shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).