Shrewsbury Community Transport Initiative Limited 31/03/2025 iXBRL

Company registration number: 03274618

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2025

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

Contents

Directors and other information

Accountants report

Statement of financial position

Statement of changes in equity

Notes to the financial statements

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

DIRECTORS AND OTHER INFORMATION


Directors	Mr V T Bushell
	Mrs M C Rayner
	Mr C J Fryer
	Mr G R Stanley
	Mrs V Rumball	(Appointed 9 September 2024)
	Mrs C S Ruscoe
	Mr C D Ure


Company number	03274618


Registered office	Unit 7, Sundorne Trade Park
	Shrewsbury
	Shropshire
	SY1 4NS


Business address	Unit 7, Sundorne Trade Park
	Shrewsbury
	Shropshire
	SY1 4NS


Accountants	Heywoods
	Countrywide House
	Knights Way
	Shrewsbury
	Shropshire
	SY1 3AB




	Bankers	Lloyds plc
		P O Box 1
		Pride Hill
		Shrewsbury
		Shropshire

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

YEAR ENDED 31ST MARCH 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shrewsbury Community Transport Initiative Limited for the year ended 31 March 2025 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Shrewsbury Community Transport Initiative Limited, as a body, in accordance with the terms of our engagement letter dated 6 February 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Shrewsbury Community Transport Initiative Limited and state those matters that we have agreed to state to the board of directors of Shrewsbury Community Transport Initiative Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shrewsbury Community Transport Initiative Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Shrewsbury Community Transport Initiative Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shrewsbury Community Transport Initiative Limited. You consider that Shrewsbury Community Transport Initiative Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shrewsbury Community Transport Initiative Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Heywoods

Chartered Accountants

Countrywide House

Knights Way

Shrewsbury

Shropshire

SY1 3AB

17 November 2025

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31ST MARCH 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	114,381		95,809
		_______		_______
			114,381		95,809

Current assets
Debtors	7	31,834		32,249
Cash at bank and in hand		164,818		177,975
		_______		_______
		196,652		210,224
Creditors: amounts falling due
within one year	8	( 8,907)		( 11,313)
		_______		_______
Net current assets			187,745		198,911
			_______		_______
Total assets less current liabilities			302,126		294,720

			_______		_______
Net assets			302,126		294,720
			_______		_______

Capital and reserves
Profit and loss account			302,126		294,720
			_______		_______
Members funds			302,126		294,720
			_______		_______

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.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 17 November 2025 , and are signed on behalf of the board by:

Mrs M C Rayner

Director

Company registration number: 03274618

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31ST MARCH 2025

	Profit and loss account	Total
	£	£


At 1 April 2023	277,663	277,663

Profit for the year	17,057	17,057
	_______	_______
Total comprehensive income for the year	17,057	17,057

	_______	_______
At 31 March 2024 and 1 April 2024	294,720	294,720

Profit for the year	7,406	7,406
	_______	_______
Total comprehensive income for the year	7,406	7,406

	_______	_______
At 31 March 2025	302,126	302,126
	_______	_______

SHREWSBURY COMMUNITY TRANSPORT INITIATIVE LIMITED

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31ST MARCH 2025

1. General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Unit 7, Sundorne Trade Park, Shrewsbury, Shropshire, SY1 4NS.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

Public Benefit Entity

The company is a Public Benefit Entity providing transport for the local community.

4. Limited by guarantee

The company is limited by guarantee.

5. Employee numbers

The average number of persons employed by the company during the year amounted to 5 (2024: 4 ).

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	9,435	279,733	289,168
Additions	-	51,995	51,995
Disposals	-	( 17,000)	( 17,000)
	_______	_______	_______
At 31 March 2025	9,435	314,728	324,163
	_______	_______	_______
Depreciation
At 1 April 2024	8,694	184,665	193,359
Charge for the year	194	29,279	29,473
Disposals	-	( 13,050)	( 13,050)
	_______	_______	_______
At 31 March 2025	8,888	200,894	209,782
	_______	_______	_______
Carrying amount
At 31 March 2025	547	113,834	114,381
	_______	_______	_______
At 31 March 2024	741	95,068	95,809
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	13,302	12,190
Other debtors	18,532	20,059
	_______	_______
	31,834	32,249
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,253	4,684
Social security and other taxes	2,664	1,974
Other creditors	3,990	4,655
	_______	_______
	8,907	11,313
	_______	_______