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REGISTERED NUMBER: 04640722 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SHAW MOTORS LIMITED

SHAW MOTORS LIMITED (REGISTERED NUMBER: 04640722)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHAW MOTORS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs E Shaw
C Shaw





SECRETARY:





REGISTERED OFFICE: 27 Loxley Road
Sheffield
South Yorkshire
S6 4TE





REGISTERED NUMBER: 04640722 (England and Wales)





ACCOUNTANT: Hill and Co Accountants
106 Holme Lane
Hillsborough
Sheffield
South Yorkshire
S6 4JW

SHAW MOTORS LIMITED (REGISTERED NUMBER: 04640722)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,089 1,299
1,089 1,299

CURRENT ASSETS
Stocks 1,075 1,495
Debtors 6 7,063 3,973
Cash at bank and in hand 16,605 8,240
24,743 13,708
CREDITORS
Amounts falling due within one year 7 13,351 13,754
NET CURRENT ASSETS/(LIABILITIES) 11,392 (46 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,481

1,253

CREDITORS
Amounts falling due after more than one
year

8

1,100

-

ACCRUALS AND DEFERRED INCOME (1,100 ) (1,100 )
NET ASSETS 12,481 153

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,381 53
SHAREHOLDERS' FUNDS 12,481 153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

SHAW MOTORS LIMITED (REGISTERED NUMBER: 04640722)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:





C Shaw - Director


SHAW MOTORS LIMITED (REGISTERED NUMBER: 04640722)

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

1. STATUTORY INFORMATION

Shaw Motors 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

SHAW MOTORS LIMITED (REGISTERED NUMBER: 04640722)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 122,000
AMORTISATION
At 1 February 2023
and 31 January 2024 122,000
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 30,001
DEPRECIATION
At 1 February 2023 28,702
Charge for year 210
At 31 January 2024 28,912
NET BOOK VALUE
At 31 January 2024 1,089
At 31 January 2023 1,299

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 7,063 3,973

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade creditors 1,383 1,895
Taxation and social security 7,581 4,352
Other creditors 4,387 7,507
13,351 13,754

SHAW MOTORS LIMITED (REGISTERED NUMBER: 04640722)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Hire purchase contracts (1,100 ) -