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REGISTERED NUMBER: 01236614 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 April 2023

for

S.H. Somerscales Limited

S.H. Somerscales Limited (Registered number: 01236614)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


S.H. Somerscales Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr S H Somerscales
Mrs B M Somerscales
Mr D S Somerscales
Mr S A Somerscales



SECRETARY: Mrs B M Somerscales



REGISTERED OFFICE: Roxton Lane
Keelby
Grimsby
N E Lincolnshire
DN41 8JB



REGISTERED NUMBER: 01236614 (England and Wales)



BANKERS: HSBC Bank Plc
55 Victoria Street
Grimsby
N E Lincolnshire
DN31 1UX

S.H. Somerscales Limited (Registered number: 01236614)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,915,789 2,287,606
2,915,789 2,287,606

CURRENT ASSETS
Stocks 943,968 604,304
Debtors 6 541,360 833,218
Cash at bank and in hand 3,509,177 3,883,565
4,994,505 5,321,087
CREDITORS
Amounts falling due within one year 7 689,064 1,139,754
NET CURRENT ASSETS 4,305,441 4,181,333
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,221,230

6,468,939

PROVISIONS FOR LIABILITIES 8 230,752 112,241
NET ASSETS 6,990,478 6,356,698

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 6,989,378 6,355,598
SHAREHOLDERS' FUNDS 6,990,478 6,356,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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 12 October 2023 and were signed on its behalf by:





Mr S H Somerscales - Director


S.H. Somerscales Limited (Registered number: 01236614)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

S.H. Somerscales 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, was amortised
evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on reducing balance
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 15% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

S.H. Somerscales Limited (Registered number: 01236614)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 60,000
AMORTISATION
At 1 May 2022
and 30 April 2023 60,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 May 2022 1,857,161 3,287,073 34,571 121,451 5,300,256
Additions 384,458 392,845 878 - 778,181
Disposals - (120,000 ) - - (120,000 )
At 30 April 2023 2,241,619 3,559,918 35,449 121,451 5,958,437
DEPRECIATION
At 1 May 2022 257,094 2,658,503 24,355 72,698 3,012,650
Charge for year 10,464 120,618 2,423 16,492 149,997
Eliminated on disposal - (119,999 ) - - (119,999 )
At 30 April 2023 267,558 2,659,122 26,778 89,190 3,042,648
NET BOOK VALUE
At 30 April 2023 1,974,061 900,796 8,671 32,261 2,915,789
At 30 April 2022 1,600,067 628,570 10,216 48,753 2,287,606

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 509,665 785,991
Other debtors 31,695 47,227
541,360 833,218

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade creditors 314,132 410,133
Taxation and social security 201,910 263,568
Other creditors 173,022 466,053
689,064 1,139,754

S.H. Somerscales Limited (Registered number: 01236614)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. PROVISIONS FOR LIABILITIES
30.4.23 30.4.22
£    £   
Deferred Taxation 230,752 112,241

Deferred
tax
£   
Balance at 1 May 2022 112,241
Provided during year 118,511
Balance at 30 April 2023 230,752

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr S H Somerscales and Mrs B Somercales.