Shorelink (International) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03245593 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th September 2019

for

Shorelink (International) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTORS:

C Payne

A D Payne

SECRETARY:

A D Payne

REGISTERED OFFICE:

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

03245593 (England and Wales)

ACCOUNTANTS:

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

The following reproduces the text of the report prepared for the directors in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Statement of Financial Position. Readers are cautioned

that the Income Statement and certain other primary statements and the Directors' Report are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval the financial statements of Shorelink (International) Limited for the year ended

30th September 2019 which comprise the Income Statement, Statement of Financial Position and the

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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shorelink (International) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shorelink (International) Limited and state those matters that we have agreed to state to the Board of Directors of Shorelink (International) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shorelink (International) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shorelink (International) 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 loss of Shorelink (International) Limited. You consider that Shorelink (International) 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 Shorelink (International) 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.

Thickbroom Coventry Limited

Chartered Accountants

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP

16th March 2020

FIXED ASSETS

Tangible assets

4

200,551

157,129

CURRENT ASSETS

Stocks

243,024

228,674

Debtors

5

288,371

472,217

Cash at bank and in hand

43,116

91,241

574,511

792,132

CREDITORS

Amounts falling due within one year

6

412,055

539,500

NET CURRENT ASSETS

162,456

252,632

TOTAL ASSETS LESS CURRENT LIABILITIES

363,007

409,761

CREDITORS

Amounts falling due after more than one year

7

-

4,262

NET ASSETS

363,007

405,499

CAPITAL AND RESERVES

Called up share capital

8

211,369

211,369

Revaluation reserve

9

134,722

134,722

Retained earnings

16,916

59,408

SHAREHOLDERS' FUNDS

363,007

405,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2019 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 on 16th March 2020 and were signed on its behalf by:

A D Payne - Director

C Payne - Director

1.	STATUTORY INFORMATION

Shorelink (International) Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on

the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2018 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1st October 2018

20,743

576,866

50,334

647,943

Additions

-

62,199

-

62,199

At 30th September 2019

20,743

639,065

50,334

710,142

DEPRECIATION

At 1st October 2018

20,743

433,556

36,515

490,814

Charge for year

-

15,321

3,456

18,777

At 30th September 2019

20,743

448,877

39,971

509,591

NET BOOK VALUE

At 30th September 2019

-

190,188

10,363

200,551

At 30th September 2018

-

143,310

13,819

157,129

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

254,524

456,161

Other debtors

33,847

16,056

288,371

472,217

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Bank loans and overdrafts

5,174

-

Finance leases

3,789

5,683

Trade creditors

389,612

459,413

Taxation and social security

5,985

53,545

Other creditors

7,495

20,859

412,055

539,500

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2019

2018

£

£

Finance leases

-

4,262

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

211,369

Ordinary

£1

211,369

211,369

9.

RESERVES

Revaluatio

reserve

£

At 1st October 2018

and 30th September 2019

134,722