Shoefix Limited - Accounts

Shoefix Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Registered Number: 05108725 Shoefix Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	4	5,784	6,779
		5,784	6,779
Current assets
Stocks		1,000	1,000
Debtors		645	-
Cash at bank and in hand		5,836	6,399
		7,481	7,399
Creditors: amount falling due within one year		(11,089)	(7,937)
Net current assets		(3,608)	(538)

Total assets less current liabilities		2,176	6,241
Creditors: amount falling due after more than one year		-	(3,819)
Net assets		2,176	2,422

Capital and reserves
Called up share capital		2	2
Profit and loss account		2,174	2,420
Shareholders' funds		2,176	2,422

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 11 December 2025 and were signed by:

-------------------------------
Anthony Broome
Director

1

Shoefix Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Shoefix Limited is a private company, limited by shares, registered in England and Wales, registration number 05108725, registration address 19 Mengham Lane, Hayling Island, Hampshire, PO11 9JT.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Land and Buildings	10% Straight Line
Plant and Machinery	15% Reducing Balance
Fixtures and Fittings	15% Reducing Balance
Computer Equipment	33.33% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Intangible fixed assets

Cost	Goodwill	Total
	£	£
At 01 April 2024	30,000	30,000
Additions	-	-
Disposals	-	-
At 31 March 2025	30,000	30,000
Amortisation
At 01 April 2024	30,000	30,000
Charge for year	-	-
On disposals	-	-
At 31 March 2025	30,000	30,000
Net book values
At 31 March 2025	-	-
At 31 March 2024	-	-

4.

Tangible fixed assets

Cost or valuation	Land and Buildings	Plant and Machinery	Fixtures and Fittings	Computer Equipment	Total
	£	£	£	£	£
At 01 April 2024	1,011	19,994	8,550	3,823	33,378
Additions	-	-	-	-	-
Disposals	-	-	-	-	-
At 31 March 2025	1,011	19,994	8,550	3,823	33,378
Depreciation
At 01 April 2024	1,011	14,495	7,321	3,772	26,599
Charge for year	-	765	179	51	995
On disposals	-	-	-	-	-
At 31 March 2025	1,011	15,260	7,500	3,823	27,594
Net book values
Closing balance as at 31 March 2025	-	4,734	1,050	-	5,784
Opening balance as at 01 April 2024	-	5,499	1,229	51	6,779

2

Registered Number: 05108725
England and Wales
Abridged Accounts

for the year ended 31 March 2025
for
SHOEFIX LIMITED