Shipping Supermarket Ltd - Period Ending 2020-03-31

Shipping Supermarket Ltd

Contents

Company Information	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Shipping Supermarket Ltd

Company Information

Directors

Mr Jason Hemming Mrs Patcharee Hemming

Registered office

20-22 Wenlock Road London N1 7GU

Accountants

Peter Duley, AIMS Accountants for Business 10 Albany Close West Bergholt Colchester CO6 3LE

Shipping Supermarket Ltd

(Registration number: 11913627)
Abridged Balance Sheet as at 31 March 2020

	Note	2020 £
Current assets
Debtors		2
Capital and reserves
Called up share capital	4	2
Shareholders' funds		2

For the financial period ending 31 March 2020 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 14 May 2021 and signed on its behalf by:
 

.........................................

Mr Jason Hemming
Director

Shipping Supermarket Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 29 March 2019 to 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
20-22 Wenlock Road
London
N1 7GU
England and Wales

These financial statements were authorised for issue by the Board on 14 May 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Shipping Supermarket Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 29 March 2019 to 31 March 2020

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4	Share capital

Allotted, called up and fully paid shares

	2020
	No.	£
Ordinary Shares of £1 each	2	2