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Registered number: 11237600
Shop Locally Telford Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Dual Accountants Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11237600
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,302 17,780
16,302 17,780
CURRENT ASSETS
Debtors 5 4,505 -
Cash at bank and in hand 60,864 83,732
65,369 83,732
Creditors: Amounts Falling Due Within One Year 6 (19,200 ) (101,979 )
NET CURRENT ASSETS (LIABILITIES) 46,169 (18,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES 62,471 (467 )
Creditors: Amounts Falling Due After More Than One Year 7 (77,799 ) -
NET LIABILITIES (15,328 ) (467 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (15,329 ) (468 )
SHAREHOLDERS' FUNDS (15,328) (467)
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Tina Koritana
Director
08/12/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Shop Locally Telford Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11237600 . The registered office is 87 King Street, Dawley, Telford, TF4 2AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 6540
Fixtures & Fittings 8822
Computer Equipment 1350
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 4)
2 4
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 April 2024 - 56,691 3,917 60,608
Additions 6,540 - - 6,540
As at 31 March 2025 6,540 56,691 3,917 67,148
Depreciation
As at 1 April 2024 - 38,911 3,917 42,828
Provided during the period 654 7,364 - 8,018
As at 31 March 2025 654 46,275 3,917 50,846
Net Book Value
As at 31 March 2025 5,886 10,416 - 16,302
As at 1 April 2024 - 17,780 - 17,780
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Page 4
5. Debtors
2025 2024
£ £
Due within one year
Director's loan account 4,505 -
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 4,506 95,267
Bank loans and overdrafts 12,501 -
Other taxes and social security 12 -
VAT 181 288
Accruals and deferred income 2,000 2,000
Director's loan account - 4,424
19,200 101,979
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 77,799 -
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Miss Tina Koritana (4,424 ) - - - 4,505
The above loan is unsecured, interest free and repayable on demand.
Page 4