Company Registration No. 09180503 (England and Wales)
A M Shipman & Sons Ltd
Unaudited accounts
for the year ended 31 August 2024
A M Shipman & Sons Ltd
Unaudited accounts
Contents
A M Shipman & Sons Ltd
Company Information
for the year ended 31 August 2024
Company Number
09180503 (England and Wales)
Registered Office
10 North End
Bedale
North Yorkshire
DL8 1AB
United Kingdom
Accountants
SJW Business Solutions
Thornborough Hall
Moor Road
Leyburn
North Yorkshire
DL8 5AB
A M Shipman & Sons Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
2,337
3,116
Inventories
582,770
15,000
Cash at bank and in hand
37,306
763,899
Creditors: amounts falling due within one year
(9,215)
(108,371)
Net current assets
625,713
704,357
Net assets
628,100
707,523
Called up share capital
100
100
Profit and loss account
628,000
707,423
Shareholders' funds
628,100
707,523
For the year ending 31 August 2024 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 director acknowledges his 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 and authorised for issue on 15 October 2024 and were signed on its behalf by
Anthony Shipman
Director
Company Registration No. 09180503
A M Shipman & Sons Ltd
Notes to the Accounts
for the year ended 31 August 2024
A M Shipman & Sons Ltd is a private company, limited by shares, registered in England and Wales, registration number 09180503. The registered office is 10 North End, Bedale, North Yorkshire, DL8 1AB, United Kingdom.
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:
Land & buildings
No Depreciation
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost.
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Intangible fixed assets
Other
A M Shipman & Sons Ltd
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
8,863
14,651
23,514
At 31 August 2024
8,863
14,651
23,514
At 1 September 2023
7,214
13,184
20,398
Charge for the year
412
367
779
At 31 August 2024
7,626
13,551
21,177
At 31 August 2024
1,237
1,100
2,337
At 31 August 2023
1,649
1,467
3,116
Amounts falling due within one year
Other debtors
10,706
25,776
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
11,741
3,478
Taxes and social security
(5,268)
102,583
Loans from directors
941
-
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).