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REGISTERED NUMBER: 07188266 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Appleton Shaw Limited

Appleton Shaw Limited (Registered number: 07188266)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Appleton Shaw Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Appleton
Mrs C Appleton





REGISTERED OFFICE: 42 Grove Lane
Retford
Nottinghamshire
DN22 6NA





REGISTERED NUMBER: 07188266 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Appleton Shaw Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Appleton Shaw Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Appleton Shaw Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Appleton Shaw Limited and state those matters that we have agreed to state to the Board of Directors of Appleton Shaw Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Appleton Shaw Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Appleton Shaw Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Appleton Shaw Limited. You consider that Appleton Shaw Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Appleton Shaw Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


22 August 2024

Appleton Shaw Limited (Registered number: 07188266)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 366,704 376,862
366,704 376,862

CURRENT ASSETS
Stocks 476 476
Debtors 6 12,031 13,101
Cash at bank and in hand 18,735 100
31,242 13,677
CREDITORS
Amounts falling due within one year 7 55,018 44,701
NET CURRENT LIABILITIES (23,776 ) (31,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

342,928

345,838

CREDITORS
Amounts falling due after more than one
year

8

190,751

199,815
NET ASSETS 152,177 146,023

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 151,177 145,023
SHAREHOLDERS' FUNDS 152,177 146,023

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 August 2024 and were signed on its behalf by:





M Appleton - Director


Appleton Shaw Limited (Registered number: 07188266)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Appleton Shaw 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.

The accounts are prepared on a going concern basis which assumes that the directors will continue to support the Company. If this support was not to continue then this basis may not be appropriate. As at 31 March 2024, the company's current liabilities exceeded current assets by £23,776 (2023: £31,024).

Turnover
Turnover represents residents' fees invoiced.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, was being amortised evenly over it's estimated useful life of twenty years. The estimated useful life was reduced from an initial twenty years to four years in 2013 and is now fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - 2% on cost
Equipment - 15% on reducing balance
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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


Appleton Shaw Limited (Registered number: 07188266)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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 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.

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

The average number of employees during the year was 24 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 35,000
AMORTISATION
At 1 April 2023
and 31 March 2024 35,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Appleton Shaw Limited (Registered number: 07188266)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Land and and
Buildings Equipment fittings Totals
£    £    £    £   
COST
At 1 April 2023 496,474 4,907 11,886 513,267
Additions - - 545 545
At 31 March 2024 496,474 4,907 12,431 513,812
DEPRECIATION
At 1 April 2023 124,946 1,345 10,114 136,405
Charge for year 9,930 534 239 10,703
At 31 March 2024 134,876 1,879 10,353 147,108
NET BOOK VALUE
At 31 March 2024 361,598 3,028 2,078 366,704
At 31 March 2023 371,528 3,562 1,772 376,862

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 12,031 13,101

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,058 20,976
Trade creditors 739 276
Taxation and social security 8,859 11,907
Other creditors 25,362 11,542
55,018 44,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 190,751 199,815

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 103,861 114,147

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 210,809 219,591

The bank loan is secured against the property held in the company.

Appleton Shaw Limited (Registered number: 07188266)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary shares £1 1,000 1,000