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 2021

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 2021 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 profit 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

17th November 2021

FIXED ASSETS

Tangible assets

4

195,851

218,605

CURRENT ASSETS

Stocks

440,446

254,514

Debtors

5

481,854

300,978

Cash at bank and in hand

192,567

176,184

1,114,867

731,676

CREDITORS

Amounts falling due within one year

6

851,732

521,535

NET CURRENT ASSETS

263,135

210,141

TOTAL ASSETS LESS CURRENT LIABILITIES

458,986

428,746

CREDITORS

Amounts falling due after more than one year

7

(7,156

)

(23,779

)

PROVISIONS FOR LIABILITIES

(37,212

)

(39,508

)

NET ASSETS

414,618

365,459

CAPITAL AND RESERVES

Called up share capital

8

211,369

211,369

Revaluation reserve

9

134,722

134,722

Retained earnings

68,527

19,368

SHAREHOLDERS' FUNDS

414,618

365,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2021 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 and authorised for issue on 17th November 2021 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 (2020 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1st October 2020

20,743

656,994

46,547

724,284

Additions

-

3,836

-

3,836

At 30th September 2021

20,743

660,830

46,547

728,120

DEPRECIATION

At 1st October 2020

20,743

471,410

13,526

505,679

Charge for year

-

19,762

6,828

26,590

At 30th September 2021

20,743

491,172

20,354

532,269

NET BOOK VALUE

At 30th September 2021

-

169,658

26,193

195,851

At 30th September 2020

-

185,584

33,021

218,605

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

451,993

298,129

Other debtors

29,861

2,849

481,854

300,978

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

-

3,024

Finance leases

16,394

15,292

Trade creditors

765,554

472,844

Taxation and social security

22,858

16,124

Other creditors

46,926

14,251

851,732

521,535

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Finance leases

7,156

23,779

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

211,369

Ordinary

£1

211,369

211,369

9.

RESERVES

Revaluatio

reserve

£

At 1st October 2020

and 30th September 2021

134,722