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REGISTERED NUMBER: 06357880 (England and Wales)















Strategic Report, Report of the Directors and

Financial Statements for the Year Ended 30 June 2023

for

SHAWTON ENGINEERING LIMITED

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Income Statement 10

Other Comprehensive Income 11

Balance Sheet 12

Statement of Changes in Equity 13

Cash Flow Statement 14

Notes to the Cash Flow Statement 15

Notes to the Financial Statements 16


SHAWTON ENGINEERING LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr J M Shaw
Mr G J Shaw



SECRETARY: Mr G J Shaw



REGISTERED OFFICE: Shawton Junction Lane
Sankey Valley Industrial Estate
Newton Le Willows
Warrington
WA12 8DN



REGISTERED NUMBER: 06357880 (England and Wales)



AUDITORS: Ashurst Accountancy Limited
Chartered Accountants
Registered Auditors
17 Duke Street
Formby
Merseyside
L37 4AN



SOLICITORS: Napthens
7 Winckley Square
Preston
PR1 3JD

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Strategic Report
for the Year Ended 30 June 2023


The directors present their strategic report for the year ended 30 June 2023.

REVIEW OF BUSINESS
The company has had a mixed year, undertaking some exciting projects including works on two new arenas in Manchester as well at Manchester airport and large commercial buildings.

Steel prices increased significantly in the early part of 2022 due to the war in Ukraine which left the company tied to certain fixed price contracts that has to be delivered unprofitably.

Despite this and the general economic uncertainty, the business has proved resilient and is positive for the future with a number of significant new projects in the pipeline.

We have continued to invest in engineering services to bring specialist-engineering skills to bear to fulfil these needs. The combination of a skilled and flexible workforce, together with a detailed knowledge of fabrication techniques enables us to provide cost effective and high quality manufacturing solutions to complement the designers' aspirations.

We have maintained the size of our purpose built fabrication facility which now has fully segregated mild and stainless steel areas, a machine workshop, large external stock areas and a CNC cut drill line. Our integrated IT network ensures that information passes from the offices to the shop floor and vice versa, as effectively as possible.

PRINCIPAL RISKS AND UNCERTAINTIES
We will continue to ensure that changes in legislation are implemented within our business and inform our supply chain. The directors take this responsibility very seriously, and recognise that a breach of regulation or legislation can lead to reputational and financial damage to the company. There is a clear, ultimate accountability with directors for compliance with all areas of regulation.

KEY PERFORMANCE INDICATORS
Turnover for the period has been consistent with 2021 and earlier years, having enjoyed one-off growth in 2022. Profitability has been difficult to achieve due to the economic climate but is due to return in the later part of 2023 and into 2024.

The company's balance sheet and cash position remains strong.

CONSTRUCTION MARKET
Following a post-COVID slump in the construction market, the industry is seeing a return to growth and significant investment, particularly in the Manchester and Liverpool areas.


SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Strategic Report
for the Year Ended 30 June 2023

GOING CONCERN
After reviewing the company's work in hand and taking into account any liabilities arising from the financial statements, the directors have no doubt that the company has adequate resources to continue in operational existence for the foreseeable future being a period of not less than 12 months from the date of approval of these financial statements. The directors also consider that based on the review for next year and the continued support of the company's bankers the going concern basis of preparation is appropriate.

ON BEHALF OF THE BOARD:





Mr G J Shaw - Director


5 April 2024

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Report of the Directors
for the Year Ended 30 June 2023


The directors present their report with the financial statements of the company for the year ended 30 June 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of engineering and fabrication.

DIVIDENDS
No dividends will be distributed for the year ended 30 June 2023.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
Mr G J Shaw has held office during the whole of the period from 1 July 2022 to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Report of the Directors
for the Year Ended 30 June 2023


AUDITORS
The auditors, Ashurst Accountancy Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




Mr G J Shaw - Director


5 April 2024

Report of the Independent Auditors to the Members of
Shawton Engineering Limited


Opinion
We have audited the financial statements of Shawton Engineering Ltd (the 'company') for the year ended 30th June 2023, which comprise the Income Statement, Other Comprehensive Income, Balance Sheet , Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, except for the possible effects on the current and corresponding figures of the matter described in the basis for our qualified opinion section of this report, the financial statements:

- give a true and fair view of the state of the company's affairs as at 30th June 2023, and of its profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for qualified opinion
We were not appointed as auditor of the company until after 30th June 2022 and have not able to substantiate the basis for calculation stock and work in progress at that year end. We were unable to satisfy ourselves by alternative means concerning these valuations as at 30th June 2022, which are included in the balance sheet corresponding figures at £826,000 by using other audit procedures.

Consequently, we were unable to determine whether any adjustment to this amount was necessary and whether there was any consequential effect on sales and work in progress values for the years ended 30th June 2022 and 30th June 2023. Our audit opinion on the current period's financial statements is modified because of the possible effect of this matter on the comparability of the current period's figures and the corresponding figures.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the directors' assessment of the entity's ability to continue to adopt the going concern basis of accounting included a review of Projections and cashflows prepared by the directors for the the next five years.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Report of the Independent Auditors to the Members of
Shawton Engineering Limited


Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:

- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report and the directors' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit ; or
- the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.

Responsibilities of directors
As explained more fully in the directors' responsibilities statement set out on page 4 the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Shawton Engineering Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

- the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
- we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our wider knowledge and experience of the sector;
- we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company taxation legislation.
- we assessed the extent of compliance with the laws and regulations by enquiries of management and inspecting legal correspondence; and
- identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

To address the risk of fraud through management bias and override of controls, we:

- performed analytical procedures to identify any unusual or unexpected relationships;
- tested journal entries to identify unusual transactions;
- assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias;
- investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance; and
- enquiring of management as to actual and potential litigation and claims.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance.

Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Shawton Engineering Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Kevin Guy (Senior Statutory Auditor)
for and on behalf of Ashurst Accountancy Limited
Chartered Accountants
Registered Auditors
17 Duke Street
Formby
Merseyside
L37 4AN

5 April 2024

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Income Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   

TURNOVER 12,196,194 17,557,407

Cost of sales (9,853,017 ) (15,300,878 )
GROSS PROFIT 2,343,177 2,256,529

Distribution costs (374,716 ) (370,396 )
Administrative expenses (2,065,213 ) (1,604,043 )
(96,752 ) 282,090

Other operating income 45,992 46,952
OPERATING (LOSS)/PROFIT 4 (50,760 ) 329,042


Interest payable and similar expenses 6 (44,559 ) (23,312 )
(LOSS)/PROFIT BEFORE TAXATION (95,319 ) 305,730

Tax on (loss)/profit 7 97,668 (8,011 )
PROFIT FOR THE FINANCIAL YEAR 2,349 297,719

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Other Comprehensive Income
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   

PROFIT FOR THE YEAR 2,349 297,719


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE
YEAR

2,349

297,719

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 8 - -
Tangible assets 9 462,243 423,973
462,243 423,973

CURRENT ASSETS
Stocks 10 1,096,000 826,000
Debtors 11 3,849,191 6,237,957
Cash at bank and in hand 589,684 428,362
5,534,875 7,492,319
CREDITORS
Amounts falling due within one year 12 2,914,178 4,750,604
NET CURRENT ASSETS 2,620,697 2,741,715
TOTAL ASSETS LESS CURRENT LIABILITIES 3,082,940 3,165,688

CREDITORS
Amounts falling due after more than one
year

13

(374,932

)

(463,822

)

PROVISIONS FOR LIABILITIES 16 (47,594 ) (43,801 )
NET ASSETS 2,660,414 2,658,065

CAPITAL AND RESERVES
Called up share capital 17 200 200
Retained earnings 18 2,660,214 2,657,865
SHAREHOLDERS' FUNDS 2,660,414 2,658,065

The financial statements were approved by the Board of Directors and authorised for issue on 5 April 2024 and were signed on its behalf by:





Mr G J Shaw - Director


SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Statement of Changes in Equity
for the Year Ended 30 June 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 July 2021 200 2,360,146 2,360,346

Changes in equity
Total comprehensive income - 297,719 297,719
Balance at 30 June 2022 200 2,657,865 2,658,065

Changes in equity
Total comprehensive income - 2,349 2,349
Balance at 30 June 2023 200 2,660,214 2,660,414

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Cash Flow Statement
for the Year Ended 30 June 2023

30.6.23 30.6.22
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 70,205 (357,300 )
Interest paid (31,715 ) (9,291 )
Interest element of hire purchase payments
paid

(12,844

)

(14,021

)
Tax paid - 56,438
Net cash from operating activities 25,646 (324,174 )

Cash flows from investing activities
Purchase of tangible fixed assets (178,864 ) (195,417 )
Sale of tangible fixed assets 13,129 107,000
Net cash from investing activities (165,735 ) (88,417 )

Cash flows from financing activities
Loan repayments in year (125,000 ) (62,500 )
Capital repayments in year 53,620 23,589
Amount introduced by directors 372,791 107,757
Net cash from financing activities 301,411 68,846

Increase/(decrease) in cash and cash equivalents 161,322 (343,745 )
Cash and cash equivalents at beginning of
year

2

428,362

772,107

Cash and cash equivalents at end of year 2 589,684 428,362

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

Notes to the Cash Flow Statement
for the Year Ended 30 June 2023


1. RECONCILIATION OF (LOSS)/PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
30.6.23 30.6.22
£    £   
(Loss)/profit before taxation (95,319 ) 305,730
Depreciation charges 127,622 140,277
Profit on disposal of fixed assets (157 ) (35,959 )
(Increase)/Decrease in contract balances 374,765 (1,408,538 )
Finance costs 44,559 23,312
451,470 (975,178 )
Increase in stocks (270,000 ) (100,000 )
Decrease/(increase) in trade and other debtors 2,014,001 (999,363 )
(Decrease)/increase in trade and other creditors (2,125,266 ) 1,717,241
Cash generated from operations 70,205 (357,300 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 June 2023
30.6.23 1.7.22
£    £   
Cash and cash equivalents 589,684 428,362
Year ended 30 June 2022
30.6.22 1.7.21
£    £   
Cash and cash equivalents 428,362 772,107


3. ANALYSIS OF CHANGES IN NET DEBT

At 1.7.22 Cash flow At 30.6.23
£    £    £   
Net cash
Cash at bank and in hand 428,362 161,322 589,684
428,362 161,322 589,684
Debt
Finance leases (196,187 ) (53,620 ) (249,807 )
Debts falling due within 1 year (125,000 ) - (125,000 )
Debts falling due after 1 year (312,500 ) 125,000 (187,500 )
(633,687 ) 71,380 (562,307 )
Total (205,325 ) 232,702 27,377

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


1. STATUTORY INFORMATION

Shawton Engineering 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Long-term contracts

Turnover, which excludes value added tax, comprises the total estimated value of construction work executed during the year.

Contract turnover reflects the contract activity during the year and is measured based on the consideration receivable. When the outcome can be reliably assessed, contract turnover and associated costs are recognised as turnover and cost of sales respectively by reference to the stage of completion of the contract at the balance sheet date. the stage of completion of the contract is assessed by reference to work done, measured by qualified quantity surveyors.

Where the outcome of a long-term contract cannot be estimated reliably, revenue is recognised only to the extent of contract costs incurred that it is probable will be recoverable, and contract costs are recognised as an expense in the period in which they are incurred.

In the case of a fixed price contract, the outcome of a construction contract is deemed to be estimated reliably when all the following conditions are satisfied:

- total contract revenue can be measured reliably;
- it is probable that the economic benefits associated with the contract will flow to the company;
- both the costs to complete the contract and the stage of completion at the balance sheet date can be measured reliably; and
- the costs attributable to the contract can be clearly identified and measured reliably so that actual contract costs incurred can be compared with prior estimates.

In the case of a cost plus contract, the outcome of a construction contract can be reliably estimated when it is probable that the economic benefits associated with the contract will flow to the company and the contract costs attributable to the contract, whether or not specifically reimbursable, can be clearly identified and measured reliably.

The gross amount due from customers for contract work is presented as an asset for all contracts in progress for which costs incurred plus recognised profits (less recognised losses) exceeds progress billings. The gross amounts due to customers for contract work is presented as a liability for all contracts in progress for which progress billings exceed costs incurred plus recognised profits (less losses).

Full provision is made for all losses on all contracts in the year in which the loss is first foreseen

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


2. ACCOUNTING POLICIES - continued

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS
30.6.23 30.6.22
£    £   
Wages and salaries 3,719,911 3,646,186
Other pension costs 79,023 72,624
3,798,934 3,718,810

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
30.6.23 30.6.22

Employees 97 98

30.6.23 30.6.22
£    £   
Directors' remuneration 20,000 18,333

4. OPERATING (LOSS)/PROFIT

The operating loss (2022 - operating profit) is stated after charging/(crediting):

30.6.23 30.6.22
£    £   
Other operating leases 217,937 226,410
Depreciation - owned assets 127,622 132,265
Profit on disposal of fixed assets (157 ) (35,959 )
Goodwill amortisation - 8,012

5. AUDITORS' REMUNERATION
30.6.23 30.6.22
£    £   
Fees payable to the company's auditors for the audit of the company's
financial statements

11,000

-

6. INTEREST PAYABLE AND SIMILAR EXPENSES
30.6.23 30.6.22
£    £   
Bank interest 7,174 2,137
Bank loan interest 20,644 7,154
Other interest payable 3,897 -
Hire purchase 12,844 14,021
44,559 23,312

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
30.6.23 30.6.22
£    £   
Current tax:
UK corporation tax (101,461 ) 8,011

Deferred tax 3,793 -
Tax on (loss)/profit (97,668 ) 8,011

8. INTANGIBLE FIXED ASSETS
Computer
Goodwill software Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 487,093 9,000 496,093
AMORTISATION
At 1 July 2022
and 30 June 2023 487,093 9,000 496,093
NET BOOK VALUE
At 30 June 2023 - - -
At 30 June 2022 - - -

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


9. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2022 314,766 21,918 639,235 975,919
Additions 124,615 - 54,249 178,864
Disposals - - (18,995 ) (18,995 )
At 30 June 2023 439,381 21,918 674,489 1,135,788
DEPRECIATION
At 1 July 2022 164,542 11,501 375,903 551,946
Charge for year 39,663 2,748 85,211 127,622
Eliminated on disposal - - (6,023 ) (6,023 )
At 30 June 2023 204,205 14,249 455,091 673,545
NET BOOK VALUE
At 30 June 2023 235,176 7,669 219,398 462,243
At 30 June 2022 150,224 10,417 263,332 423,973

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:

30.6.2030.6.19
£   £   

Plant & machinery110,330132,410
Motor vehicles66,98230,259

10. STOCKS
30.6.23 30.6.22
£    £   
Raw materials & consumables 120,000 120,000
Work-in-progress 976,000 706,000
1,096,000 826,000

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 701,466 2,563,971
Amounts recoverable on contract 2,854,639 3,229,404
Other debtors 53,899 298,825
VAT 143,413 59,871
Prepayments and accrued income 95,774 85,886
3,849,191 6,237,957

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts (see note 14) 125,000 125,000
Hire purchase contracts (see note 15) 62,375 44,865
Trade creditors 1,933,079 3,964,938
Tax (37,012 ) 64,449
Social security and other taxes 205,703 243,695
Other creditors 32,977 33,218
Directors' current accounts 581,056 208,265
Accruals and deferred income 11,000 66,174
2,914,178 4,750,604

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans (see note 14) 187,500 312,500
Hire purchase contracts (see note 15) 187,432 151,322
374,932 463,822

14. LOANS

An analysis of the maturity of loans is given below:

30.6.23 30.6.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 125,000 125,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 125,000 125,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 62,500 187,500

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


15. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.6.23 30.6.22
£    £   
Net obligations repayable:
Within one year 62,375 44,865
Between one and five years 187,432 151,322
249,807 196,187

16. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 74,770 43,801
Tax losses carried forward (27,176 ) -
47,594 43,801

Deferred
tax
£   
Balance at 1 July 2022 43,801
Provided during year 30,969
Credit to Income Statement during year (27,176 )
Balance at 30 June 2023 47,594

17. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
200 Ordinary £1 200 200

18. RESERVES
Retained
earnings
£   

At 1 July 2022 2,657,865
Profit for the year 2,349
At 30 June 2023 2,660,214

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


19. CONTINGENT LIABILITIES

There are no contingent liabilities at 30 June 2023 (2022: £nil).

20. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30.6.23 30.6.22
£    £   
Mr G J Shaw
Balance outstanding at start of year (198,283 ) (90,526 )
Amounts advanced 216,709 67,243
Amounts repaid (589,500 ) (175,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (571,074 ) (198,283 )

Mr J M Shaw
Balance outstanding at start of year (9,982 ) (9,982 )
Amounts advanced 25,000 -
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,982 ) (9,982 )

SHAWTON ENGINEERING LIMITED (REGISTERED NUMBER: 06357880)

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


21. RELATED PARTY DISCLOSURES

The following are related parties due to common directorships with Graham Shaw and James Shaw:

Battery Energy Storage Limited
Biomass Engineering Limited
BEL NI Limited
Biomass Energy Ventures Limited
Shawcare Limited
Shawton Developments Limited
Shaw-energi Limited
Shawton Limited
Biomass Process Limited
Biomass Marketing Limited
Shawton Precision Machining Limited
Biomass Northampton Energy Limited
Shawton Engineering Limited Directors Pension Scheme

The following balances existed at the year end with related parties:

30.6.23 30.6.22
£    £   
BEL NI Limited 0 184,741
Shaw-energi Limited 0 (5,250 )
Shawton Limited 0 50,000
Biomass Engineering 500 0
Shawton Developments Limited 0 9,500
Graham Shaw current account (571,074 ) (198,283 )
James Shaw current account (9,982 ) (9,982 )

22. POST BALANCE SHEET EVENTS

There are no Post Balance Sheet Events to be disclosed at the date of this report.