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REGISTERED NUMBER: 01585110 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MICHAEL L. SHAW (FABRICATIONS) LTD

MICHAEL L. SHAW (FABRICATIONS) LTD (REGISTERED NUMBER: 01585110)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MICHAEL L. SHAW (FABRICATIONS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: ML Shaw





SECRETARY: M Shaw





REGISTERED OFFICE: 43 High Street
Upprmill
Oldham
Lancashire
OL3 6HS





REGISTERED NUMBER: 01585110 (England and Wales)






MICHAEL L. SHAW (FABRICATIONS) LTD (REGISTERED NUMBER: 01585110)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,156 30,551

CURRENT ASSETS
Stocks 8,784 7,096
Debtors 5 96,259 49,015
Cash at bank 289,699 251,121
394,742 307,232
CREDITORS
Amounts falling due within one year 6 94,378 54,567
NET CURRENT ASSETS 300,364 252,665
TOTAL ASSETS LESS CURRENT LIABILITIES 347,520 283,216

ACCRUALS AND DEFERRED INCOME - 5,170
NET ASSETS 347,520 278,046

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 347,420 277,946
SHAREHOLDERS' FUNDS 347,520 278,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 9 August 2024 and were signed by:





M Shaw - Director


MICHAEL L. SHAW (FABRICATIONS) LTD (REGISTERED NUMBER: 01585110)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Michael L. Shaw (Fabrications) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 20% on cost, 15% on reducing balance and 2% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2022 - 4 ) .

MICHAEL L. SHAW (FABRICATIONS) LTD (REGISTERED NUMBER: 01585110)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 63,388 109,796 173,184
Additions - 25,055 25,055
At 31 December 2023 63,388 134,851 198,239
DEPRECIATION
At 1 January 2023 41,773 100,860 142,633
Charge for year 1,268 7,182 8,450
At 31 December 2023 43,041 108,042 151,083
NET BOOK VALUE
At 31 December 2023 20,347 26,809 47,156
At 31 December 2022 21,615 8,936 30,551

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 85,374 24,826
Other debtors 10,885 24,189
96,259 49,015

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 48,043 16,253
Taxation and social security 32,685 18,653
Other creditors 13,650 19,661
94,378 54,567

7. ULTIMATE CONTROLLING PARTY

Mr M L Shaw, a director, controls the company by virtue of a controlling interest of 90% of the issued share capital.