Company Registration No. 10474790 (England and Wales)
Shimlas Trade Limited
Unaudited accounts
for the year ended 31 March 2025
Shimlas Trade Limited
Unaudited accounts
Contents
Shimlas Trade Limited
Company Information
for the year ended 31 March 2025
Company Number
10474790 (England and Wales)
Registered Office
121-125 Great Horton Road
Bradford
BD7 1PS
England
Shimlas Trade Limited
Statement of financial position
as at 31 March 2025
Tangible assets
508,523
344,664
Cash at bank and in hand
93,080
151,388
Creditors: amounts falling due within one year
(655,257)
(813,190)
Net current assets
251,190
252,402
Total assets less current liabilities
759,713
597,066
Creditors: amounts falling due after more than one year
(110,975)
-
Net assets
648,738
597,066
Called up share capital
5,000
5,000
Profit and loss account
643,738
592,066
Shareholders' funds
648,738
597,066
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 members have 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 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 and authorised for issue on 28 December 2025 and were signed on its behalf by
Naveed Qadar
Director
Company Registration No. 10474790
Shimlas Trade Limited
Notes to the Accounts
for the year ended 31 March 2025
Shimlas Trade Limited is a private company, limited by shares, registered in England and Wales, registration number 10474790. The registered office is 121-125 Great Horton Road, Bradford, BD7 1PS, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
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:
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.
Shimlas Trade Limited
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
606,053
16,350
622,403
Additions
253,599
-
253,599
At 31 March 2025
859,652
16,350
876,002
At 1 April 2024
266,283
11,456
277,739
Charge for the year
89,006
734
89,740
At 31 March 2025
355,289
12,190
367,479
At 31 March 2025
504,363
4,160
508,523
At 31 March 2024
339,770
4,894
344,664
Amounts falling due within one year
Other debtors
786,824
897,896
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,958
20,305
Trade creditors
236,303
274,223
Taxes and social security
106,551
100,797
Other creditors
26,279
164,196
Loans from directors
202,684
199,547
7
Creditors: amounts falling due after more than one year
2025
2024
Allotted, called up and fully paid:
5,000 Ordinary shares of £1 each
5,000
5,000
9
Average number of employees
During the year the average number of employees was 52 (2024: 52).