Registered number
07258724
Appleby Shaw Limited
Filleted Accounts
31 March 2024
Appleby Shaw Limited
Registered number: 07258724
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,047 10,094
Tangible assets 4 20,206 36,715
25,253 46,809
Current assets
Debtors 5 1,008,938 859,499
Cash at bank and in hand 22,703 14,016
1,031,641 873,515
Creditors: amounts falling due within one year 6 (656,341) (462,857)
Net current assets 375,300 410,658
Total assets less current liabilities 400,553 457,467
Creditors: amounts falling due after more than one year 7 (320,860) (416,443)
Net assets 79,693 41,024
Capital and reserves
Called up share capital 50,000 50,000
Profit and loss account 29,693 (8,976)
Shareholder's funds 79,693 41,024
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Sankhla
Director
Approved by the board on 20 January 2025
Appleby Shaw Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 from 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 13
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 75,705
At 31 March 2024 75,705
Amortisation
At 1 April 2023 65,611
Provided during the year 5,047
At 31 March 2024 70,658
Net book value
At 31 March 2024 5,047
At 31 March 2023 10,094
Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 196,968 26,600 223,568
Additions 2,684 - 2,684
At 31 March 2024 199,652 26,600 226,252
Depreciation
At 1 April 2023 160,253 26,600 186,853
Charge for the year 19,193 - 19,193
At 31 March 2024 179,446 26,600 206,046
Net book value
At 31 March 2024 20,206 - 20,206
At 31 March 2023 36,715 - 36,715
5 Debtors 2024 2023
£ £
Trade debtors 79,087 33,328
Amounts owed by group undertakings and undertakings in which the company has a participating interest 926,043 784,592
Other debtors 3,808 41,579
1,008,938 859,499
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 132,491 155,491
Trade creditors - 5,212
Taxation and social security costs 261,588 222,436
Other creditors 262,262 79,718
656,341 462,857
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 320,860 416,443
8 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 203,624 214,662
9 Controlling party
The controlling party is I U H Syed by virtue of his ownership of 100% of the issued share capital in the company.
10 Other information
Appleby Shaw Limited is a private company limited by shares and incorporated in England. Its registered office is:
Trinity House
15a Trinity Place
Windsor
Berks.
SL4 3AS
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