LONDON SHELL SHOP LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14532525

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		52,939		61,466

			52,939		61,466
CURRENT ASSETS
Stocks	5	29,219		27,455
Debtors	6	36,542		16,490
Cash at bank and in hand		194,235		210,062

		259,996		254,007
Creditors: Amounts Falling Due Within One Year	7	(233,345 )		(238,368 )

NET CURRENT ASSETS (LIABILITIES)			26,651		15,639

TOTAL ASSETS LESS CURRENT LIABILITIES			79,590		77,105

Creditors: Amounts Falling Due After More Than One Year	8		(12,611 )		(53,480 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,660 )		(2,302 )

NET ASSETS			65,319		21,323

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			65,219		21,223

SHAREHOLDERS' FUNDS			65,319		21,323

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LONDON SHELL SHOP LTD

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

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

Mr Stuart Kilpatrick

Director

31/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

LONDON SHELL SHOP LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14532525 . The registered office is London Shell Co, Unit 4, Swains Lane, London, N6 6AG.

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:

Leasehold	None
Plant & Machinery	5.5 years
Fixtures & Fittings	5 years

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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LONDON SHELL SHOP LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 January 2025	26,000	-	58,526	84,526
Additions	-	1,538	8,216	9,754

As at 31 December 2025	26,000	1,538	66,742	94,280

Depreciation
As at 1 January 2025	-	-	23,060	23,060
Provided during the period	2,364	118	15,799	18,281

As at 31 December 2025	2,364	118	38,859	41,341

Net Book Value
As at 31 December 2025	23,636	1,420	27,883	52,939

As at 1 January 2025	26,000	-	35,466	61,466

5. Stocks

	2025	2024
	£	£
Stock	29,219	27,455

6. Debtors

	2025	2024
	£	£
Due within one year
Amounts owed by group undertakings	-	100
Other debtors	36,542	13,822

	36,542	13,922
Due after more than one year
Other debtors	-	2,568

	36,542	16,490

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LONDON SHELL SHOP LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	38,799	38,834
Amounts owed to group undertakings	-	1,988
Other creditors	134,852	180,130
Taxation and social security	59,694	17,416

	233,345	238,368

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	12,611	53,480

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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