REGISTERED NUMBER: NI633238 (Northern Ireland)

SHORELINE UTILITIES LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Donal Breslin

Theresa Gallagher

REGISTERED OFFICE:

6 Hyde Business Park,

Pennyburn Industrial Estate

Derry

BT48 0LU

REGISTERED NUMBER:

NI633238 (Northern Ireland)

ACCOUNTANTS:

Cooper Parry Advisory Limited

Unit 7 Dyehouse

Linen Green

Dungannon

Co. Tyrone

BT71 7HB

NON-CURRENT ASSETS

Tangible assets

5

1,848,699

2,909,440

CURRENT ASSETS

Receivables: amounts falling due within one year

6

1,881,590

1,595,769

Cash at bank

34,744

482,614

1,916,334

2,078,383

PAYABLES

Amounts falling due within one year

7

(398,606

)

(897,677

)

NET CURRENT ASSETS

1,517,728

1,180,706

TOTAL ASSETS LESS CURRENT LIABILITIES

3,366,427

4,090,146

PAYABLES

Amounts falling due after more than one year

8

(8,845

)

(148,818

)

PROVISIONS FOR LIABILITIES

(429,221

)

(688,979

)

NET ASSETS

2,928,361

3,252,349

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,928,261

3,252,249

2,928,361

3,252,349

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2026 and were signed on its behalf by:

Theresa Gallagher - Director

1.	STATUTORY INFORMATION

Shoreline Utilities Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue

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

Property, plant and equipment

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

Cash flow statement

The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

£

COST

At 1 September 2024

7,023,477

Additions

511,968

Disposals

(55,000

)

At 31 August 2025

7,480,445

DEPRECIATION

At 1 September 2024

4,114,037

Charge for year

1,572,709

Eliminated on disposal

(55,000

)

At 31 August 2025

5,631,746

NET BOOK VALUE

At 31 August 2025

1,848,699

At 31 August 2024

2,909,440

6.

RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,131,260

1,054,439

Other debtors

750,330

541,330

1,881,590

1,595,769

7.

PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

131,705

697,352

Trade payables

14,571

64,019

Amounts owed to group undertakings

15,150

-

Taxation and social security

232,180

133,906

Other payables

5,000

2,400

398,606

897,677

8.

PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,845

148,818