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Registration number: 07251536

Ernest Shaw Limited

Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Ernest Shaw Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Ernest Shaw Limited

Company Information

Directors

Mr Christopher Martin Shaw

Mrs Petronela Shaw

Company secretary

Mrs Petronela Shaw

Registered office

Downs Court Business Centre
29 The Downs
Altrincham
Cheshire
WA14 2QD

Accountants

Alextra Group Limited
Chartered Certified Accountants
7-9 Macon Court
Crewe
Cheshire
CW1 6EA

 

Ernest Shaw Limited

(Registration number: 07251536)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,541

5,750

Current assets

 

Debtors

5

54,458

23,891

Cash at bank and in hand

 

6,956

11,503

 

61,414

35,394

Creditors: Amounts falling due within one year

6

(51,853)

(17,016)

Net current assets

 

9,561

18,378

Total assets less current liabilities

 

16,102

24,128

Provisions for liabilities

(1,624)

(1,093)

Net assets

 

14,478

23,035

Capital and reserves

 

Called up share capital

2

2

Retained earnings

14,476

23,033

Shareholders' funds

 

14,478

23,035

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 August 2024 and signed on its behalf by:
 

 

Ernest Shaw Limited

(Registration number: 07251536)
Balance Sheet as at 30 November 2023

.........................................
Mr Christopher Martin Shaw
Director

 

Ernest Shaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Downs Court Business Centre
29 The Downs
Altrincham
Cheshire
WA14 2QD
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ernest Shaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Government grants

Government grants are recognised using the accrual model. Grants which relate to revenue shall be recognised in other operating income on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate.

Any amounts outstanding at the year end will be included in debtors

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

10 - 20% on reducing balance

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Ernest Shaw Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

10,594

10,594

Additions

1,519

1,519

At 30 November 2023

12,113

12,113

Depreciation

At 1 December 2022

4,844

4,844

Charge for the year

728

728

At 30 November 2023

5,572

5,572

Carrying amount

At 30 November 2023

6,541

6,541

At 30 November 2022

5,750

5,750

5

Debtors

Current

2023
£

2022
£

Trade debtors

43,888

13,000

Prepayments

1,000

750

Other debtors

9,570

10,141

 

54,458

23,891

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

20,250

-

Taxation and social security

24,501

6,288

Accruals and deferred income

5,525

1,965

Other creditors

1,577

8,763

51,853

17,016