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REGISTERED NUMBER: 04778286 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Abraham Shaw Limited

Abraham Shaw Limited (Registered number: 04778286)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Abraham Shaw Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D A Stell
R A Stell





SECRETARY: D A Stell





REGISTERED OFFICE: Hill Top Works
Thornton
Bradford
West Yorkshire
BD13 3QZ





REGISTERED NUMBER: 04778286 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Abraham Shaw Limited (Registered number: 04778286)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 36,390 47,423

CURRENT ASSETS
Stocks 5 15,318 15,747
Debtors 6 80,706 23,299
Cash at bank and in hand 247,355 333,261
343,379 372,307
CREDITORS
Amounts falling due within one year 7 (188,562 ) (210,792 )
NET CURRENT ASSETS 154,817 161,515
TOTAL ASSETS LESS CURRENT
LIABILITIES

191,207

208,938

CREDITORS
Amounts falling due after more than one
year

8

(5,550

)

(8,250

)

PROVISIONS FOR LIABILITIES 9 (6,928 ) (9,010 )
NET ASSETS 178,729 191,678

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 178,629 191,578
SHAREHOLDERS' FUNDS 178,729 191,678

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 Statement of Income and Retained Earnings has not been delivered.

Abraham Shaw Limited (Registered number: 04778286)

Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





D A Stell - Director


Abraham Shaw Limited (Registered number: 04778286)

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

1. STATUTORY INFORMATION

Abraham 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 15% on reducing balance
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Abraham Shaw Limited (Registered number: 04778286)

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

2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant & Fixtures Motor Computer
machinery & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 15,068 4,407 88,970 4,988 113,433
Additions - - - 249 249
Disposals - - (5,395 ) - (5,395 )
At 31 March 2024 15,068 4,407 83,575 5,237 108,287
DEPRECIATION
At 1 April 2023 8,907 3,499 48,870 4,734 66,010
Charge for year 924 136 10,001 125 11,186
Eliminated on disposal - - (5,299 ) - (5,299 )
At 31 March 2024 9,831 3,635 53,572 4,859 71,897
NET BOOK VALUE
At 31 March 2024 5,237 772 30,003 378 36,390
At 31 March 2023 6,161 908 40,100 254 47,423

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks 5,816 6,069
Work-in-progress 9,502 9,678
15,318 15,747

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 68,540 12,760
Prepayments & accrued income 12,166 10,539
80,706 23,299

Abraham Shaw Limited (Registered number: 04778286)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 3,689 4,994
Corporation tax 15,040 21,672
Social security & other taxes 4,604 3,378
Value added tax 15,198 7,422
Directors' current accounts 144,196 167,776
Accruals & deferred income 3,135 2,850
Deferred government grants 2,700 2,700
188,562 210,792

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Deferred government grants 5,550 8,250

9. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 6,928 9,010

Deferred
tax
£   
Balance at 1 April 2023 9,010
Provided during year (2,082 )
Balance at 31 March 2024 6,928

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100

11. OTHER FINANCIAL COMMITMENTS

The company operates from premises owned by the directors. The rent payable is fixed annually.

12. ULTIMATE CONTROLLING PARTY

The company is jointly controlled by D A Stell and R A Stell.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Abraham 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 Statement of Financial Position. 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 Abraham Shaw Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position 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 Abraham 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 Abraham Shaw Limited and state those matters that we have agreed to state to the Board of Directors of Abraham 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 Abraham Shaw Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Abraham 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 Abraham Shaw Limited. You consider that Abraham 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 Abraham 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.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


24 September 2024