REGISTERED NUMBER: 06692666 (England and Wales)

SHOOT SYSTEMS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Simmons

Mrs M Simmons

Mr D A Simmons

REGISTERED OFFICE:

1 Brookmans Avenue

Brookmans Park

Hatfield

Hertfordshire

AL9 7QH

REGISTERED NUMBER:

06692666 (England and Wales)

ACCOUNTANTS:

P G ASSOCIATES

Accountants

1 Brookmans Avenue

Brookmans Park

Hatfield

Hertfordshire

AL9 7QH

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

52,062

64,644

52,062

64,644

CURRENT ASSETS

Debtors

6

15,932

14,488

Cash at bank and in hand

247

1,164

16,179

15,652

CREDITORS

Amounts falling due within one year

7

76,898

60,542

NET CURRENT LIABILITIES

(60,719

)

(44,890

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(8,657

)

19,754

CREDITORS

Amounts falling due after more than one year

8

44,390

54,163

NET LIABILITIES

(53,047

)

(34,409

)

CAPITAL AND RESERVES

Called up share capital

9

3

3

Retained earnings

10

(53,050

)

(34,412

)

SHAREHOLDERS' FUNDS

(53,047

)

(34,409

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Statement of Income and Retained Earnings has not been delivered.

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:

Mr D R Simmons - Director

Mrs M Simmons - Director

1.	STATUTORY INFORMATION

Shoot Systems 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.

The financial statements are presented in sterling (£) which is also the functional currency for the company.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of six years.

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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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.

Going concern

The Financial Statements have been prepared on the going concern basis. At the balance sheet date the company has net current liabilities of £60,719, including a director's loan of £51,031 Business performance since the year end suggest that the company continues to be profitable and is generating cash. However, it is dependent on the support of its directors. This support is expected to continue for the foreseeable future.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

15,000

AMORTISATION

At 1 April 2024

and 31 March 2025

15,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 April 2024

430,195

Additions

4,772

At 31 March 2025

434,967

DEPRECIATION

At 1 April 2024

365,551

Charge for year

17,354

At 31 March 2025

382,905

NET BOOK VALUE

At 31 March 2025

52,062

At 31 March 2024

64,644

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

8,802

8,266

Other debtors

6,257

5,349

Prepayments

873

873

15,932

14,488

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

3,236

27,324

Trade creditors

9,634

5,055

Tax

-

(9,768

)

Social security and other taxes

2,061

1,713

VAT

5,406

6,873

Other creditors

388

12,690

Directors' current accounts

51,031

11,725

Accrued expenses

5,142

4,930

76,898

60,542

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans - 1-2 years

20,000

20,000

Bank loans - 2-5 years

24,390

34,163

44,390

54,163

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

3

1

Ordinary A

£1

1

-

3

3

10.

RESERVES

Retained

earnings

£

At 1 April 2024

(34,412

)

Deficit for the year

(18,638

)

At 31 March 2025

(53,050

)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £51,031 to the directors (2024 - £11,725). This amount is repayable on demand and is included in Creditors due within one year.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Simmons and Mrs M Simmons.