Company Registration No. SC400613 (Scotland)
Shawfern Group Limited
Unaudited accounts
for the year ended 30 November 2023
Shawfern Group Limited
Unaudited accounts
Contents
Shawfern Group Limited
Company Information
for the year ended 30 November 2023
Directors
Michael Murray
Mary Murray
Company Number
SC400613 (Scotland)
Registered Office
Dowans Hotel
Aberlour
AB38 9LS
GB
Accountants
Helen Crowley Tax Services
Easter Manbeen Farmhouse
Elgin
Moray
IV30 8TN
Shawfern Group Limited
Statement of financial position
as at 30 November 2023
Intangible assets
3,216
4,020
Tangible assets
1,652,853
1,751,604
Cash at bank and in hand
105,682
116,276
Creditors: amounts falling due within one year
(1,440,225)
(1,595,506)
Net current liabilities
(1,196,631)
(1,351,546)
Net assets
459,438
404,078
Called up share capital
100,000
100,000
Profit and loss account
359,438
304,078
Shareholders' funds
459,438
404,078
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2024 and were signed on its behalf by
Michael Murray
Director
Company Registration No. SC400613
Shawfern Group Limited
Notes to the Accounts
for the year ended 30 November 2023
Shawfern Group Limited is a private company, limited by shares, registered in Scotland, registration number SC400613. The registered office is Dowans Hotel, Aberlour, AB38 9LS, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Intangible fixed assets
Goodwill
Other
Total
At 1 December 2022
50,000
8,040
58,040
At 30 November 2023
50,000
8,040
58,040
At 1 December 2022
50,000
4,020
54,020
Charge for the year
-
804
804
At 30 November 2023
50,000
4,824
54,824
At 30 November 2023
-
3,216
3,216
At 30 November 2022
-
4,020
4,020
Shawfern Group Limited
Notes to the Accounts
for the year ended 30 November 2023
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
1,067,935
11,702
2,167,537
1,672
3,248,846
Additions
117,399
9,177
49,020
-
175,596
At 30 November 2023
1,185,334
20,879
2,216,557
1,672
3,424,442
At 1 December 2022
223,011
10,048
1,263,626
557
1,497,242
Charge for the year
23,706
1,748
252,305
(3,412)
274,347
At 30 November 2023
246,717
11,796
1,515,931
(2,855)
1,771,589
At 30 November 2023
938,617
9,083
700,626
4,527
1,652,853
At 30 November 2022
844,924
1,654
903,911
1,115
1,751,604
Amounts falling due within one year
Trade debtors
43,230
48,106
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
1,065,062
1,209,417
Trade creditors
36,455
65,913
Taxes and social security
89,476
31,080
Other creditors
40,627
48,370
Loans from directors
137,462
174,730
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Average number of employees
During the year the average number of employees was 31 (2022: 31).