Company Registration No. 14417710 (England and Wales)
Shifters Ltd
Unaudited accounts
for the year ended 31 October 2025
Shifters Ltd
Unaudited accounts
Contents
Shifters Ltd
Company Information
for the year ended 31 October 2025
Directors
Duncan Ruckledge
Helen Ruckledge
Company Number
14417710 (England and Wales)
Registered Office
Suite 116 Khepera Business Centre
9 Orgreave Road
Sheffield
S13 9LQ
United Kingdom
Accountants
Neil Walker Accountancy Ltd
Khepera Business Centre
9 Orgreave Road
Sheffield
S13 9LQ
Shifters Ltd
Statement of financial position
as at 31 October 2025
Intangible assets
16,226
-
Tangible assets
127,603
40,144
Cash at bank and in hand
8,814
6,614
Creditors: amounts falling due within one year
(613,484)
(333,597)
Net current liabilities
(389,585)
(217,479)
Total assets less current liabilities
(245,756)
(177,335)
Creditors: amounts falling due after more than one year
(66,858)
(29,042)
Provisions for liabilities
Deferred tax
(31,901)
(10,036)
Net liabilities
(344,515)
(216,413)
Called up share capital
1
1
Profit and loss account
(344,516)
(216,414)
Shareholders' funds
(344,515)
(216,413)
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 27 July 2026 and were signed on its behalf by
Duncan Ruckledge
Director
Company Registration No. 14417710
Shifters Ltd
Notes to the Accounts
for the year ended 31 October 2025
Shifters Ltd is a private company, limited by shares, registered in England and Wales, registration number 14417710. The registered office is Suite 116 Khepera Business Centre, 9 Orgreave Road, Sheffield, S13 9LQ, United Kingdom.
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.
These financial statements for the year ended
31 October 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note
10 below.
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.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Shifters Ltd
Notes to the Accounts
for the year ended 31 October 2025
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
At 31 October 2025
160,635
Charge for the year
18,436
At 31 October 2025
127,603
Amounts falling due within one year
Trade debtors
189,255
91,334
Accrued income and prepayments
22,400
17,940
Shifters Ltd
Notes to the Accounts
for the year ended 31 October 2025
7
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
33,695
8,299
Trade creditors
18,476
10,150
Amounts owed to group undertakings and other participating interests
461,830
274,288
Taxes and social security
7,816
2,077
Loans from directors
14,329
10,536
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
66,858
29,042
9
Average number of employees
During the year the average number of employees was 13 (2024: 4).
10
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 November 2023
31 October 2024
Capital and reserves (as previously stated)
92,767
(206,377)
Capital and reserves (as restated)
92,767
(216,413)
Reconciliation of profit or loss for the year
31 October 2024
Profit for the year (as previously stated)
(113,610)
Profit for the year (as restated)
(123,646)