2023-04-012024-03-312024-03-31false08497479SHILLS OF COCKERMOUTH LTD2024-10-0747250iso4217:GBPxbrli:pure084974792023-04-01084974792024-03-31084974792023-04-012024-03-31084974792022-04-01084974792023-03-31084974792022-04-012023-03-3108497479bus:SmallEntities2023-04-012024-03-3108497479bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3108497479bus:FullAccounts2023-04-012024-03-3108497479bus:PrivateLimitedCompanyLtd2023-04-012024-03-3108497479core:WithinOneYear2024-03-3108497479core:AfterOneYear2024-03-3108497479core:WithinOneYear2023-03-3108497479core:AfterOneYear2023-03-3108497479core:ShareCapital2024-03-3108497479core:SharePremium2024-03-3108497479core:RevaluationReserve2024-03-3108497479core:OtherReservesSubtotal2024-03-3108497479core:RetainedEarningsAccumulatedLosses2024-03-3108497479core:ShareCapital2023-03-3108497479core:SharePremium2023-03-3108497479core:RevaluationReserve2023-03-3108497479core:OtherReservesSubtotal2023-03-3108497479core:RetainedEarningsAccumulatedLosses2023-03-3108497479core:LandBuildings2024-03-3108497479core:PlantMachinery2024-03-3108497479core:Vehicles2024-03-3108497479core:FurnitureFittings2024-03-3108497479core:OfficeEquipment2024-03-3108497479core:NetGoodwill2024-03-3108497479core:IntangibleAssetsOtherThanGoodwill2024-03-3108497479core:ListedExchangeTraded2024-03-3108497479core:UnlistedNon-exchangeTraded2024-03-3108497479core:LandBuildings2023-03-3108497479core:PlantMachinery2023-03-3108497479core:Vehicles2023-03-3108497479core:FurnitureFittings2023-03-3108497479core:OfficeEquipment2023-03-3108497479core:NetGoodwill2023-03-3108497479core:IntangibleAssetsOtherThanGoodwill2023-03-3108497479core:ListedExchangeTraded2023-03-3108497479core:UnlistedNon-exchangeTraded2023-03-3108497479core:LandBuildings2023-04-012024-03-3108497479core:PlantMachinery2023-04-012024-03-3108497479core:Vehicles2023-04-012024-03-3108497479core:FurnitureFittings2023-04-012024-03-3108497479core:OfficeEquipment2023-04-012024-03-3108497479core:NetGoodwill2023-04-012024-03-3108497479core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108497479core:ListedExchangeTraded2023-04-012024-03-3108497479core:UnlistedNon-exchangeTraded2023-04-012024-03-3108497479core:MoreThanFiveYears2023-04-012024-03-3108497479core:Non-currentFinancialInstruments2024-03-3108497479core:Non-currentFinancialInstruments2023-03-3108497479dpl:CostSales2023-04-012024-03-3108497479dpl:DistributionCosts2023-04-012024-03-3108497479core:LandBuildings2023-04-012024-03-3108497479core:PlantMachinery2023-04-012024-03-3108497479core:Vehicles2023-04-012024-03-3108497479core:FurnitureFittings2023-04-012024-03-3108497479core:OfficeEquipment2023-04-012024-03-3108497479dpl:AdministrativeExpenses2023-04-012024-03-3108497479core:NetGoodwill2023-04-012024-03-3108497479core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3108497479dpl:GroupUndertakings2023-04-012024-03-3108497479dpl:ParticipatingInterests2023-04-012024-03-3108497479dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3108497479core:ListedExchangeTraded2023-04-012024-03-3108497479dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3108497479core:UnlistedNon-exchangeTraded2023-04-012024-03-3108497479dpl:CostSales2022-04-012023-03-3108497479dpl:DistributionCosts2022-04-012023-03-3108497479core:LandBuildings2022-04-012023-03-3108497479core:PlantMachinery2022-04-012023-03-3108497479core:Vehicles2022-04-012023-03-3108497479core:FurnitureFittings2022-04-012023-03-3108497479core:OfficeEquipment2022-04-012023-03-3108497479dpl:AdministrativeExpenses2022-04-012023-03-3108497479core:NetGoodwill2022-04-012023-03-3108497479core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3108497479dpl:GroupUndertakings2022-04-012023-03-3108497479dpl:ParticipatingInterests2022-04-012023-03-3108497479dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3108497479core:ListedExchangeTraded2022-04-012023-03-3108497479dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3108497479core:UnlistedNon-exchangeTraded2022-04-012023-03-3108497479core:NetGoodwill2024-03-3108497479core:IntangibleAssetsOtherThanGoodwill2024-03-3108497479core:LandBuildings2024-03-3108497479core:PlantMachinery2024-03-3108497479core:Vehicles2024-03-3108497479core:FurnitureFittings2024-03-3108497479core:OfficeEquipment2024-03-3108497479core:AfterOneYear2024-03-3108497479core:WithinOneYear2024-03-3108497479core:ListedExchangeTraded2024-03-3108497479core:UnlistedNon-exchangeTraded2024-03-3108497479core:ShareCapital2024-03-3108497479core:SharePremium2024-03-3108497479core:RevaluationReserve2024-03-3108497479core:OtherReservesSubtotal2024-03-3108497479core:RetainedEarningsAccumulatedLosses2024-03-3108497479core:NetGoodwill2023-03-3108497479core:IntangibleAssetsOtherThanGoodwill2023-03-3108497479core:LandBuildings2023-03-3108497479core:PlantMachinery2023-03-3108497479core:Vehicles2023-03-3108497479core:FurnitureFittings2023-03-3108497479core:OfficeEquipment2023-03-3108497479core:AfterOneYear2023-03-3108497479core:WithinOneYear2023-03-3108497479core:ListedExc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SHILLS OF COCKERMOUTH LTD

Registered Number
08497479
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

SHILLS OF COCKERMOUTH LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

SPECK, Caroline Tracy
SPECK, Howard

Registered Address

Highfield Hotel
The Heads
Keswick
CA12 5ER

Registered Number

08497479 (England and Wales)
SHILLS OF COCKERMOUTH LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets34,675-
Tangible assets418,37022,352
23,04522,352
Current assets
Stocks39,87340,435
Debtors520,32310,022
Cash at bank and on hand68,83128,821
129,02779,278
Creditors amounts falling due within one year6(210,338)(136,345)
Net current assets (liabilities)(81,311)(57,067)
Total assets less current liabilities(58,266)(34,715)
Net assets(58,266)(34,715)
Capital and reserves
Called up share capital22
Profit and loss account(58,268)(34,717)
Shareholders' funds(58,266)(34,715)
The financial statements were approved and authorised for issue by the Board of Directors on 7 October 2024, and are signed on its behalf by:
SPECK, Caroline Tracy
Director
Registered Company No. 08497479
SHILLS OF COCKERMOUTH LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Defined contribution pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-10
Plant and machinery20-
Fixtures and fittings-5
Office Equipment-3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year2822
3.Intangible assets

Other

Total

££
Cost or valuation
Additions4,6754,675
At 31 March 244,6754,675
Net book value
At 31 March 244,6754,675
At 31 March 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 April 2397,0513,84738,6845,305144,887
Additions-3,1321,1856404,957
At 31 March 2497,0516,97939,8695,945149,844
Depreciation and impairment
At 01 April 2383,99754135,2552,742122,535
Charge for year4,3761,2121,5371,8148,939
At 31 March 2488,3731,75336,7924,556131,474
Net book value
At 31 March 248,6785,2263,0771,38918,370
At 31 March 2313,0543,3063,4292,56322,352
5.Debtors: amounts due within one year

2024

2023

££
Other debtors12,3204,500
Prepayments and accrued income8,0035,522
Total20,32310,022
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. Other debtors includes a provision for deferred tax amounting to £12,300. It is made up of £4,655 in respect of accelerated capital allowances and £16,955 in respect of losses carried forward.
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables53,47562,606
Amounts owed to related parties84,31316,787
Taxation and social security24,98724,416
Other creditors40,75426,706
Accrued liabilities and deferred income6,8095,830
Total210,338136,345
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Related party transactions
During the year the company continued to borrow funds interest free from J & E Enterprises Limited, its parent company. At the balance sheet date the company owed £84,313 (2023 - £16,787) to J & E Enterprises Limited.