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REGISTERED NUMBER: 03041023 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

SHAWS OF BRIGHTON LIMITED

SHAWS OF BRIGHTON LIMITED (REGISTERED NUMBER: 03041023)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAWS OF BRIGHTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: L R Claxton





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





BUSINESS ADDRESS: Units 8 - 9 Centenary Industrial Estate
Hughes Road
Brighton
East Sussex
BN2 4AW





REGISTERED NUMBER: 03041023 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

SHAWS OF BRIGHTON LIMITED (REGISTERED NUMBER: 03041023)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,446 11,949

CURRENT ASSETS
Stocks 24,772 12,768
Debtors 5 63,119 96,337
Cash at bank and in hand 156,542 133,530
244,433 242,635
CREDITORS
Amounts falling due within one year 6 98,178 104,006
NET CURRENT ASSETS 146,255 138,629
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,701

150,578

CREDITORS
Amounts falling due after more than one
year

7

(20,000

)

(30,000

)

PROVISIONS FOR LIABILITIES 8 (1,152 ) (1,306 )
NET ASSETS 134,549 119,272

CAPITAL AND RESERVES
Called up share capital 9 50 50
Retained earnings 134,499 119,222
SHAREHOLDERS' FUNDS 134,549 119,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SHAWS OF BRIGHTON LIMITED (REGISTERED NUMBER: 03041023)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 7 December 2023 and were signed by:





L R Claxton - Director


SHAWS OF BRIGHTON LIMITED (REGISTERED NUMBER: 03041023)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Shaws of Brighton 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.

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.

Revenue recognition
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates, other similar allowances and excludes VAT.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Interest receivable is recognised using the effective interest method.

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
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on reducing balance
Office Equipment - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes expenditure directly attributable to making the asset capable of operating as intended by management.

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.

SHAWS OF BRIGHTON LIMITED (REGISTERED NUMBER: 03041023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Office
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 126,013 485 51,791 11,843 190,132
Additions - - - 535 535
At 31 May 2023 126,013 485 51,791 12,378 190,667
DEPRECIATION
At 1 June 2022 120,641 392 45,571 11,579 178,183
Charge for year 1,345 49 1,555 89 3,038
At 31 May 2023 121,986 441 47,126 11,668 181,221
NET BOOK VALUE
At 31 May 2023 4,027 44 4,665 710 9,446
At 31 May 2022 5,372 93 6,220 264 11,949

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 42,782 72,631
Amounts owed by connected companies 18,592 19,883
Other debtors 1,745 3,823
63,119 96,337

SHAWS OF BRIGHTON LIMITED (REGISTERED NUMBER: 03041023)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 27,805 46,466
Amounts owed to connected companies 5,443 17,523
Taxation and social security 22,322 21,401
Other creditors 32,608 8,616
98,178 104,006

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,000 30,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,152 1,306

Deferred
tax
£   
Balance at 1 June 2022 1,306
Unused amounts reversed during year (154 )
Balance at 31 May 2023 1,152

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
50 Ordinary £1 50 50