Registered number
11062431
Shaws Corner Advisory Limited
Unaudited Filleted Accounts
30 November 2023
Shaws Corner Advisory Limited
Registered number: 11062431
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,570 850
Current assets
Debtors 4 16,826 370
Cash at bank and in hand 55,864 25,724
72,690 26,094
Creditors: amounts falling due within one year 5 (56,278) (10,782)
Net current assets 16,412 15,312
Total assets less current liabilities 17,982 16,162
Creditors: amounts falling due after more than one year 6 (8,007) (13,367)
Provisions for liabilities (298) (162)
Net assets 9,677 2,633
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,577 2,533
Shareholders' funds 9,677 2,633
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.
C. Davis
Director
Approved by the board on 16 August 2024
Shaws Corner Advisory Limited
Notes to the Accounts
for the year ended 30 November 2023
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 from consulting services is recognised by work completed.
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:
Fixtures, fittings, tools and equipment over 2-3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), 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. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 1,979
Additions 2,070
At 30 November 2023 4,049
Depreciation
At 1 December 2022 1,129
Charge for the year 1,350
At 30 November 2023 2,479
Net book value
At 30 November 2023 1,570
At 30 November 2022 850
4 Debtors 2023 2022
£ £
Trade debtors 16,726 -
Other debtors 100 370
16,826 370
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 5,361 5,142
Taxation and social security costs 18,031 5,640
Other creditors 32,886 -
56,278 10,782
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 8,007 13,367
7 Other information
Shaws Corner Advisory Limited is a private company limited by shares and incorporated in England. Its registered office is:
Clearways Accountants
Clearways
Colley Way
Reigate
RH2 9JH
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