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REGISTERED NUMBER: 01028244 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

K. SHAW AND SONS LIMITED

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. SHAW AND SONS LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: K Shaw
A Shaw
Miss T Shaw



SECRETARY: Miss T Shaw



REGISTERED OFFICE: Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT



REGISTERED NUMBER: 01028244 (England and Wales)



ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT



BANKERS: Barclays Bank Plc
1st Floor
3 Hardman Street
Spinningfields
Manchester
M3 3HF



SOLICITORS: Kippax Beaumont Lewis
28 Mawdsley Street
Bolton
BL1 1LF

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Balance Sheet
31 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,819,527 1,775,913

CURRENT ASSETS
Stocks 51,479 47,046
Debtors 5 1,101,461 1,083,096
Cash at bank and in hand 741,021 410,520
1,893,961 1,540,662
CREDITORS
Amounts falling due within one year 6 (348,637 ) (351,836 )
NET CURRENT ASSETS 1,545,324 1,188,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,364,851

2,964,739

CREDITORS
Amounts falling due after more than
one year

7

(18,664

)

-

PROVISIONS FOR LIABILITIES (20,255 ) (16,758 )
NET ASSETS 3,325,932 2,947,981

CAPITAL AND RESERVES
Called up share capital 8 300 300
Retained earnings 9 3,325,632 2,947,681
SHAREHOLDERS' FUNDS 3,325,932 2,947,981

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Balance Sheet - continued
31 JULY 2023


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 22 February 2024 and were signed on its behalf by:




K Shaw - Director



A Shaw - Director


K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

K. Shaw and Sons 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.
Fixtures and fittings - 15% 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 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.

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 August 2022 972,406 688,863 77,610 534,979 2,273,858
Additions - 27,871 40,110 7,771 75,752
At 31 July 2023 972,406 716,734 117,720 542,750 2,349,610
DEPRECIATION
At 1 August 2022 - - 57,059 440,886 497,945
Charge for year - - 7,644 24,494 32,138
At 31 July 2023 - - 64,703 465,380 530,083
NET BOOK VALUE
At 31 July 2023 972,406 716,734 53,017 77,370 1,819,527
At 31 July 2022 972,406 688,863 20,551 94,093 1,775,913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 4,988
Due from related companies 1,065,618 1,039,506
Prepayments 35,843 38,602
1,101,461 1,083,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,660 1,750
Trade creditors 66,170 55,836
Tax 96,243 104,569
Social security and other taxes 83,845 99,608
Other creditors 4,708 2,913
Due to related companies 27,220 27,220
Accrued expenses 59,791 59,940
348,637 351,836

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The loans are interest free and repayable upon demand.


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Hire purchase contracts 18,664 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
300 Ordinary £1 300 300

9. RESERVES
Retained
earnings
£   

At 1 August 2022 2,947,681
Profit for the year 377,951
At 31 July 2023 3,325,632

10. RELATED PARTY DISCLOSURES

Mr A Shaw, Mr K Shaw and Miss T Shaw are directors in Summit Leisure (Deansgate) Limited, Summit Leisure (Swinton) Limited, Summit Leisure (Market Street) Limited, Prospector Group Limited and Summit Leisure (KC) Limited. As at 31 July 2023 the company owed Summit Leisure (Swinton) Limited £27,220 (2022 - £27,220).

As at 31 July 2023 the company was owed from Summit Leisure (KC) Limited £4,988 (2022 - £4,988) and was owed from Summit Leisure (Deansgate) Limited £1,025,530 (2022 - £1,039,506) and was owed £35,100 from Prospector Group Limited.