SHS Trading Ltd

SHS Trading Ltd

SHS TRADING LTD - Company Information

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1 April 2021 false Taxfiler 2022.10 SC445114business:PrivateLimitedCompanyLtd2021-04-012022-03-31 SC4451142021-03-31 SC4451142021-04-012022-03-31 SC445114business:AuditExemptWithAccountantsReport2021-04-012022-03-31 SC445114business:FullAccounts2021-04-012022-03-31 SC4451142022-03-31 SC445114business:Director12021-04-012022-03-31 SC445114business:CompanySecretary12021-04-012022-03-31 SC445114business:RegisteredOffice2021-04-012022-03-31 SC4451142021-03-31 SC445114core:WithinOneYear2022-03-31 SC445114core:WithinOneYear2021-03-31 SC445114core:AfterOneYear2022-03-31 SC445114core:AfterOneYear2021-03-31 SC445114core:ShareCapital2022-03-31 SC445114core:ShareCapital2021-03-31 SC445114core:RetainedEarningsAccumulatedLosses2022-03-31 SC445114core:RetainedEarningsAccumulatedLosses2021-03-31 SC445114business:SmallEntities2021-04-012022-03-31 SC445114countries:Scotland2021-04-012022-03-31 SC445114core:LandBuildings2021-04-012022-03-31 SC445114core:PlantMachinery2021-04-012022-03-31 SC445114core:ComputerEquipment2021-04-012022-03-31 SC445114core:IntangibleAssetsOtherThanGoodwill2021-03-31 SC445114core:IntangibleAssetsOtherThanGoodwill2021-04-012022-03-31 SC445114core:IntangibleAssetsOtherThanGoodwill2022-03-31 SC445114core:LandBuildings2021-03-31 SC445114core:PlantMachinery2021-03-31 SC445114core:ComputerEquipment2021-03-31 SC445114core:LandBuildings2022-03-31 SC445114core:PlantMachinery2022-03-31 SC445114core:ComputerEquipment2022-03-31 SC445114business:OrdinaryShareClass12021-04-012022-03-31 SC445114business:OrdinaryShareClass12020-04-012021-03-31 SC445114core:BetweenOneFiveYears2022-03-31 SC445114core:BetweenOneFiveYears2021-03-31 SC4451142020-04-012021-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC445114 (Scotland)
SHS Trading Ltd Unaudited accounts for the year ended 31 March 2022
SHS Trading Ltd Unaudited accounts Contents
Page
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SHS Trading Ltd Company Information for the year ended 31 March 2022
Director
Mr Steven Sneddon
Secretary
Mrs Holly Sneddon
Company Number
SC445114 (Scotland)
Registered Office
12 Dunnet Way East Mains Industrial Estate Broxburn West Lothian EH52 5NN
Accountants
Gregory Accounting Services Limited 87 Meadowpark Avenue Bathgate West Lothian EH48 2ST
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Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of SHS Trading Ltd for the year ended 31 March 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of SHS Trading Ltd for the year ended 31 March 2022 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
Gregory Accounting Services Limited Member in Practice 87 Meadowpark Avenue Bathgate West Lothian EH48 2ST 22 August 2022
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SHS Trading Ltd Statement of financial position as at 31 March 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
99,945 
- 
Tangible assets
5
2,146,160 
2,449,060 
2,246,105 
2,449,060 
Current assets
Inventories
3,488,603 
441,905 
Debtors
6
961,159 
835,923 
Cash at bank and in hand
(197,413)
229,319 
4,252,349 
1,507,147 
Creditors: amounts falling due within one year
7
(2,154,850)
(1,570,615)
Net current assets/(liabilities)
2,097,499 
(63,468)
Total assets less current liabilities
4,343,604 
2,385,592 
Creditors: amounts falling due after more than one year
8
(1,103,089)
- 
Net assets
3,240,515 
2,385,592 
Capital and reserves
Called up share capital
9
1 
1 
Profit and loss account
3,240,514 
2,385,591 
Shareholders' funds
3,240,515 
2,385,592 
For the year ending 31 March 2022 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 director acknowledges his 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 and authorised for issue on 11 October 2022 and were signed on its behalf by
Mr Steven Sneddon Director Company Registration No. SC445114
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SHS Trading Ltd Notes to the Accounts for the year ended 31 March 2022
1
Statutory information
SHS Trading Ltd is a private company, limited by shares, registered in Scotland, registration number SC445114. The registered office is 12 Dunnet Way, East Mains Industrial Estate, Broxburn, West Lothian, EH52 5NN.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25 years
Plant & machinery
3 to 5 years
Computer equipment
3 to 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2021
- 
Additions
100,000 
At 31 March 2022
100,000 
Amortisation
At 1 April 2021
- 
Charge for the year
55 
At 31 March 2022
55 
Net book value
At 31 March 2022
99,945 
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SHS Trading Ltd Notes to the Accounts for the year ended 31 March 2022
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
2,248,320 
252,243 
17,698 
2,518,261 
Additions
3,335 
90,766 
33,194 
127,295 
Disposals
(385,850)
- 
- 
(385,850)
At 31 March 2022
1,865,805 
343,009 
50,892 
2,259,706 
Depreciation
At 1 April 2021
6,220 
49,557 
13,424 
69,201 
Charge for the year
(102)
37,827 
6,620 
44,345 
At 31 March 2022
6,118 
87,384 
20,044 
113,546 
Net book value
At 31 March 2022
1,859,687 
255,625 
30,848 
2,146,160 
At 31 March 2021
2,242,100 
202,686 
4,274 
2,449,060 
6
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
106,059 
360,151 
Accrued income and prepayments
266,180 
25,995 
Other debtors
412,272 
449,777 
784,511 
835,923 
Amounts falling due after more than one year
Other debtors
176,648 
- 
7
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
- 
221,001 
VAT
33,609 
(206,366)
Obligations under finance leases and hire purchase contracts
11,631 
17,974 
Trade creditors
1,979,685 
905,411 
Taxes and social security
34,355 
273,487 
Other creditors
45,985 
323,413 
Accruals
49,585 
35,695 
2,154,850 
1,570,615 
8
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
950,964 
- 
Taxes and social security
152,125 
- 
1,103,089 
- 
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SHS Trading Ltd Notes to the Accounts for the year ended 31 March 2022
9
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
10
Operating lease commitments
2022 
2021 
£ 
£ 
At 31 March 2022 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
- 
96,427 
11
Transactions with related parties
Loans have been made between companies owned and controlled by the director as follows; Due from SHMM Properties Ltd £247,256 (2021: £429,804) Due to That Special Day Ltd £28,376 (2021: £3,751) Due from RB30 Ltd £33,580 (2021: £33,580) Due from Homzezone Ltd £26,426 (2021: due to £293,122)
12
Average number of employees
During the year the average number of employees was 34 (2021: 23).
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