IRIS Accounts Production v23.3.0.418 03551044 Board of Directors 31.5.22 30.5.23 30.5.23 false true false false true false 85684 85684 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure035510442022-05-30035510442023-05-30035510442022-05-312023-05-30035510442021-05-30035510442021-05-312022-05-30035510442022-05-3003551044ns16:EnglandWales2022-05-312023-05-3003551044ns15:PoundSterling2022-05-312023-05-3003551044ns11:Director12022-05-312023-05-3003551044ns11:PrivateLimitedCompanyLtd2022-05-312023-05-3003551044ns11:SmallEntities2022-05-312023-05-3003551044ns11:AuditExemptWithAccountantsReport2022-05-312023-05-3003551044ns11:SmallCompaniesRegimeForDirectorsReport2022-05-312023-05-3003551044ns11:SmallCompaniesRegimeForAccounts2022-05-312023-05-3003551044ns11:FullAccounts2022-05-312023-05-300355104442ns11:Director22022-05-312023-05-300355104442ns11:Director22023-05-3003551044ns11:Director22022-05-312023-05-3003551044ns11:RegisteredOffice2022-05-312023-05-3003551044ns6:CurrentFinancialInstruments2023-05-3003551044ns6:CurrentFinancialInstruments2022-05-3003551044ns6:Non-currentFinancialInstruments2023-05-3003551044ns6:Non-currentFinancialInstruments2022-05-3003551044ns6:ShareCapital2023-05-3003551044ns6:ShareCapital2022-05-3003551044ns6:RetainedEarningsAccumulatedLosses2023-05-3003551044ns6:RetainedEarningsAccumulatedLosses2022-05-3003551044ns6:PlantMachinery2022-05-312023-05-3003551044ns6:FurnitureFittings2022-05-312023-05-3003551044ns6:MotorVehicles2022-05-312023-05-3003551044ns6:LandBuildings2022-05-3003551044ns6:PlantMachinery2022-05-3003551044ns6:FurnitureFittings2022-05-3003551044ns6:MotorVehicles2022-05-3003551044ns6:LandBuildings2022-05-312023-05-3003551044ns6:LandBuildings2023-05-3003551044ns6:PlantMachinery2023-05-3003551044ns6:FurnitureFittings2023-05-3003551044ns6:MotorVehicles2023-05-3003551044ns6:LandBuildings2022-05-3003551044ns6:PlantMachinery2022-05-3003551044ns6:FurnitureFittings2022-05-3003551044ns6:MotorVehicles2022-05-3003551044ns6:CostValuation2022-05-3003551044ns6:AdditionsToInvestments2023-05-3003551044ns6:CostValuation2023-05-3003551044ns6:WithinOneYearns6:CurrentFinancialInstruments2023-05-3003551044ns6:WithinOneYearns6:CurrentFinancialInstruments2022-05-3003551044ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-05-3003551044ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-05-3003551044ns11:Director112022-05-3003551044ns11:Director112021-05-3003551044ns11:Director112022-05-312023-05-3003551044ns11:Director112021-05-312022-05-3003551044ns11:Director112023-05-3003551044ns11:Director112022-05-30
REGISTERED NUMBER: 03551044 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 May 2023

for

George Bernard Shaw Ltd

George Bernard Shaw Ltd (Registered number: 03551044)






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




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


George Bernard Shaw Ltd

Company Information
for the Year Ended 30 May 2023







DIRECTORS: D Atkin
C Atkin





REGISTERED OFFICE: Unit 1
Burn Lane
Hexham
Northumberland
NE46 3HJ





REGISTERED NUMBER: 03551044 (England and Wales)





ACCOUNTANTS: Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
George Bernard Shaw Ltd

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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors 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 George Bernard Shaw Ltd for the year ended 30 May 2023 which comprise the Income Statement, Balance Sheet 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 George Bernard Shaw Ltd, 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 George Bernard Shaw Ltd and state those matters that we have agreed to state to the Board of Directors of George Bernard Shaw Ltd, 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 George Bernard Shaw Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that George Bernard Shaw Ltd 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 George Bernard Shaw Ltd. You consider that George Bernard Shaw Ltd 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 George Bernard Shaw Ltd. 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.






Peter Weldon & Co. Ltd
87 Station Road
Ashington
Northumberland
NE63 8RS


28 November 2023

George Bernard Shaw Ltd (Registered number: 03551044)

Balance Sheet
30 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 369,848 379,174
Investments 5 6,000 1,928
375,848 381,102

CURRENT ASSETS
Debtors 6 116,968 41,060
Cash at bank and in hand 62,449 110,496
179,417 151,556
CREDITORS
Amounts falling due within one year 7 121,505 154,509
NET CURRENT ASSETS/(LIABILITIES) 57,912 (2,953 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,760

378,149

CREDITORS
Amounts falling due after more than one
year

8

(49,192

)

(69,846

)

PROVISIONS FOR LIABILITIES (56,898 ) (55,251 )
NET ASSETS 327,670 253,052

George Bernard Shaw Ltd (Registered number: 03551044)

Balance Sheet - continued
30 May 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327,570 252,952
SHAREHOLDERS' FUNDS 327,670 253,052

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 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 28 November 2023 and were signed on its behalf by:





D Atkin - Director


George Bernard Shaw Ltd (Registered number: 03551044)

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

1. STATUTORY INFORMATION

George Bernard Shaw Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised at the point the removal service is carried out.

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 - 20% on reducing balance per annum
Fixtures and fittings - 20% on reducing balance per annum
Motor vehicles - 20% on reducing balance per annum

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.

George Bernard Shaw Ltd (Registered number: 03551044)

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

2. ACCOUNTING POLICIES - continued

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.

Trade and other debtors
Trade and other debtors that are receivable within one year and do not constitute a financing transaction are recorded at the undiscounted amount expected to be received, net of impairment. Those that are receivable after more than one year or constitute a financing transaction are recorded initially at fair value less transaction costs and subsequently amortised cost, net of impairment.

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised costs using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 13 ) .

George Bernard Shaw Ltd (Registered number: 03551044)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 31 May 2022 76,072 126,372 58,797 538,203 799,444
Additions - 8,000 1,546 44,325 53,871
Disposals - - - (16,275 ) (16,275 )
At 30 May 2023 76,072 134,372 60,343 566,253 837,040
DEPRECIATION
At 31 May 2022 - 79,112 51,179 289,979 420,270
Charge for year - 10,255 1,981 42,108 54,344
Eliminated on disposal - - - (7,422 ) (7,422 )
At 30 May 2023 - 89,367 53,160 324,665 467,192
NET BOOK VALUE
At 30 May 2023 76,072 45,005 7,183 241,588 369,848
At 30 May 2022 76,072 47,260 7,618 248,224 379,174

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 May 2022 1,928
Additions 4,072
At 30 May 2023 6,000
NET BOOK VALUE
At 30 May 2023 6,000
At 30 May 2022 1,928

George Bernard Shaw Ltd (Registered number: 03551044)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,033 18,496
Other debtors 4,400 4,400
Directors' current accounts 85,684 -
Prepayments 7,851 18,164
116,968 41,060

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,424 7,506
Hire purchase contracts 20,264 26,966
Trade creditors 16,965 37,360
Tax 31,764 37,423
Social security and other taxes 3,098 2,662
VAT 36,538 36,528
Net wages 4,952 4,232
Directors' current accounts - 332
Accrued expenses 1,500 1,500
121,505 154,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,643 41,220
Hire purchase contracts 17,549 28,626
49,192 69,846

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,813 55,592

Hire purchase liabilities are secured on the assets concerned.

George Bernard Shaw Ltd (Registered number: 03551044)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 May 2023 and 30 May 2022:

2023 2022
£    £   
D Atkin and C Atkin
Balance outstanding at start of year - -
Amounts advanced 85,684 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 85,684 -