Registered number
03356614
Shacklocks Fire Protection Limited
Filleted Accounts
30 April 2024
Shacklocks Fire Protection Limited
Company Information
Directors
G Shacklock
V Shacklock
Secretary
V Shacklock
Accountants
Brandrick Accountancy Services Limited
44 Cloves Hill
Morley
Derbyshire
DE7 6DH
Registered office
32 Mornington Crescent
Nuthall
Nottingham
NG16 1QE
Registered number
03356614
Shacklocks Fire Protection Limited
Registered number: 03356614
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 47,475 60,387
Current assets
Stocks 46,998 60,867
Debtors 4 117,435 97,647
Investments held as current assets 5 2,466,222 2,052,932
Cash at bank and in hand 1,149,918 942,235
3,780,573 3,153,681
Creditors: amounts falling due within one year 6 (221,814) (121,511)
Net current assets 3,558,759 3,032,170
Total assets less current liabilities 3,606,234 3,092,557
Provisions for liabilities (9,020) (11,474)
Net assets 3,597,214 3,081,083
Capital and reserves
Called up share capital 9 9
Profit and loss account 3,597,205 3,081,074
Shareholders' funds 3,597,214 3,081,083
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G Shacklock
Director
Approved by the board on 5 August 2024
Shacklocks Fire Protection Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment over 4 years
Tools and equipment over 4 years
Motor vehicles over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 9
3 Tangible fixed assets
Office equipment Tools and equipment etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 26,022 82,783 103,716 212,521
Additions - 2,913 - 2,913
At 30 April 2024 26,022 85,696 103,716 215,434
Depreciation
At 1 May 2023 22,413 67,059 62,662 152,134
Charge for the year 902 4,660 10,263 15,825
At 30 April 2024 23,315 71,719 72,925 167,959
Net book value
At 30 April 2024 2,707 13,977 30,791 47,475
At 30 April 2023 3,609 15,724 41,054 60,387
4 Debtors 2024 2023
£ £
Trade debtors 89,800 75,600
Other debtors 27,635 22,047
117,435 97,647
5 Investments held as current assets 2024 2023
£ £
Fair value
Listed investments 2,466,222 2,052,932
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Listed investments 213,290 (94,712)
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,230 1,425
Taxation and social security costs 162,280 42,493
Other creditors 55,304 77,593
221,814 121,511
7 Controlling party
The ultimate controlling party of the company is G Shacklock.
8 Other information
Shacklocks Fire Protection Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 Mornington Crescent
Nuthall
Nottingham
NG16 1QE
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