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REGISTERED NUMBER: 01370519 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

B A Shorthouse Limited

B A Shorthouse Limited (Registered number: 01370519)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B A Shorthouse Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: B A Shorthouse
M J Shorthouse





SECRETARY: Miss A J Walford





REGISTERED OFFICE: Knowle Sands Industrial Estate
Eardington
Bridgnorth
Shropshire
WV16 5JL





REGISTERED NUMBER: 01370519 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

B A Shorthouse Limited (Registered number: 01370519)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 326,795 356,118

CURRENT ASSETS
Stocks 25,510 58,262
Debtors 5 184,920 253,674
Cash at bank 39,546 14,066
249,976 326,002
CREDITORS
Amounts falling due within one year 6 263,638 380,474
NET CURRENT LIABILITIES (13,662 ) (54,472 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,133

301,646

CREDITORS
Amounts falling due after more than one
year

7

(66,653

)

(117,699

)

PROVISIONS FOR LIABILITIES (71,855 ) (54,675 )
NET ASSETS 174,625 129,272

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 173,625 128,272
SHAREHOLDERS' FUNDS 174,625 129,272

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

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

B A Shorthouse Limited (Registered number: 01370519)

Balance Sheet - continued
31 May 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





M J Shorthouse - Director


B A Shorthouse Limited (Registered number: 01370519)

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

1. STATUTORY INFORMATION

B A Shorthouse 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.

The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be undertaken to mitigate the current adverse conditions, and the current resources available, the Directors have concluded that they can continue to adopt the going concern basis in preparing the annual report and accounts.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


B A Shorthouse Limited (Registered number: 01370519)

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

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 10 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 June 2023 290,230 5,334 415,500 711,064
Additions 43,140 - 39,846 82,986
Disposals (32,000 ) - (27,824 ) (59,824 )
At 31 May 2024 301,370 5,334 427,522 734,226
DEPRECIATION
At 1 June 2023 194,993 4,088 155,865 354,946
Charge for year 28,385 249 67,353 95,987
Eliminated on disposal (24,441 ) - (19,061 ) (43,502 )
At 31 May 2024 198,937 4,337 204,157 407,431
NET BOOK VALUE
At 31 May 2024 102,433 997 223,365 326,795
At 31 May 2023 95,237 1,246 259,635 356,118

B A Shorthouse Limited (Registered number: 01370519)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 32,000 415,500 447,500
Additions 38,500 39,846 78,346
Disposals (32,000 ) (27,824 ) (59,824 )
Reclassification/transfer 81,000 - 81,000
At 31 May 2024 119,500 427,522 547,022
DEPRECIATION
At 1 June 2023 23,562 155,865 179,427
Charge for year 21,218 67,353 88,571
Eliminated on disposal (24,441 ) (19,061 ) (43,502 )
Reclassification/transfer 22,094 - 22,094
At 31 May 2024 42,433 204,157 246,590
NET BOOK VALUE
At 31 May 2024 77,067 223,365 300,432
At 31 May 2023 8,438 259,635 268,073

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 179,940 247,591
Other debtors 4,980 6,083
184,920 253,674

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,839 29,348
Hire purchase contracts 78,743 107,420
Trade creditors 68,726 120,857
Taxation and social security 35,890 31,900
Other creditors 63,440 90,949
263,638 380,474

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,943 23,011
Hire purchase contracts 53,710 94,688
66,653 117,699

B A Shorthouse Limited (Registered number: 01370519)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 6,653 19,348
Bank loans 23,129 33,011
Hire purchase contracts 132,453 202,108
162,235 254,467

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary Shares 1 1,000 1,000

10. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £724,290 (2023 - £725,279).