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REGISTERED NUMBER: 08493432 (England and Wales)














Unaudited Financial Statements for the Year Ended 30 April 2024

for

SHG Engineering NW Ltd

SHG Engineering NW Ltd (Registered number: 08493432)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


SHG Engineering NW Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: S Grey
Mrs L J Grey





REGISTERED OFFICE: Princess House
9 Ark Royal Way
Birkenhead
Merseyside
CH41 9HT





REGISTERED NUMBER: 08493432 (England and Wales)





ACCOUNTANTS: Douglas Fairless Partnership
Seymour Chambers
92 London Road
Liverpool
Merseyside
L3 5NW

SHG Engineering NW Ltd (Registered number: 08493432)

Abridged Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 151,401 131,759

CURRENT ASSETS
Debtors 967,188 989,211
Cash at bank 77,176 -
1,044,364 989,211
CREDITORS
Amounts falling due within one year 776,434 825,664
NET CURRENT ASSETS 267,930 163,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

419,331

295,306

CREDITORS
Amounts falling due after more than one year (28,702 ) (53,415 )

PROVISIONS FOR LIABILITIES (24,948 ) (21,216 )
NET ASSETS 365,681 220,675

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 365,581 220,575
SHAREHOLDERS' FUNDS 365,681 220,675

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

SHG Engineering NW Ltd (Registered number: 08493432)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 January 2025 and were signed on its behalf by:





S Grey - Director


SHG Engineering NW Ltd (Registered number: 08493432)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

SHG Engineering NW Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

Hire purchase and leasing commitments
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 15 (2023 - 13 ) .

SHG Engineering NW Ltd (Registered number: 08493432)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 337,262
Additions 51,819
At 30 April 2024 389,081
DEPRECIATION
At 1 May 2023 205,503
Charge for year 32,177
At 30 April 2024 237,680
NET BOOK VALUE
At 30 April 2024 151,401
At 30 April 2023 131,759

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S Grey
Balance outstanding at start of year 317,619 499,925
Amounts advanced 257,600 38,474
Amounts repaid (240,359 ) (220,780 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 334,860 317,619

Mrs L J Grey
Balance outstanding at start of year 317,619 -
Amounts advanced 257,600 538,399
Amounts repaid (240,359 ) (220,780 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 334,860 317,619

The loans were unsecured, repayable on demand and 2.5% interest was charged on the average balance of the loan.