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REGISTERED NUMBER: 01236614 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

S H Somerscales Ltd

S H Somerscales Ltd (Registered number: 01236614)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S H Somerscales Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs B M Somerscales
D S Somerscales
S A Somerscales
S Somerscales





REGISTERED OFFICE: Roxton Lane
Keelby
Grimsby
North East Lincs
DN41 8JB





REGISTERED NUMBER: 01236614 (England and Wales)

S H Somerscales Ltd (Registered number: 01236614)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,136,264 2,915,789
3,136,264 2,915,789

CURRENT ASSETS
Stocks 794,295 943,968
Debtors 6 540,208 585,563
Cash at bank and in hand 3,973,834 3,509,177
5,308,337 5,038,708
CREDITORS
Amounts falling due within one year 7 767,730 733,268
NET CURRENT ASSETS 4,540,607 4,305,440
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,676,871

7,221,229

PROVISIONS FOR LIABILITIES 293,011 230,752
NET ASSETS 7,383,860 6,990,477

CAPITAL AND RESERVES
Called up share capital 1,100 1,100
Retained earnings 7,382,760 6,989,377
7,383,860 6,990,477

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.

S H Somerscales Ltd (Registered number: 01236614)

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.

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 30 January 2025 and were signed on its behalf by:





S Somerscales - Director


S H Somerscales Ltd (Registered number: 01236614)

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

1. STATUTORY INFORMATION

S H Somerscales 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 2013, is being amortised evenly over its estimated useful life of three years.

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

Land and buildings - 4% on reducing balance
Plant and Machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor Vehicles - 15% on cost

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.

S H Somerscales Ltd (Registered number: 01236614)

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

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 31 (2023 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 60,000
Disposals (60,000 )
At 30 April 2024 -
AMORTISATION
At 1 May 2023 60,000
Eliminated on disposal (60,000 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

S H Somerscales Ltd (Registered number: 01236614)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 2,241,619 3,716,818 5,958,437
Additions - 396,767 396,767
Disposals - (113,200 ) (113,200 )
At 30 April 2024 2,241,619 4,000,385 6,242,004
DEPRECIATION
At 1 May 2023 267,558 2,775,090 3,042,648
Charge for year 10,046 154,340 164,386
Eliminated on disposal - (101,294 ) (101,294 )
At 30 April 2024 277,604 2,828,136 3,105,740
NET BOOK VALUE
At 30 April 2024 1,964,015 1,172,249 3,136,264
At 30 April 2023 1,974,061 941,728 2,915,789

Included in the cost of land and buildings is freehold land of £1,722,917 (2023: £1,722,617) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 443,624 509,665
Other debtors 96,584 75,898
540,208 585,563

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 311,200 314,132
Taxation and social security 164,231 201,911
Other creditors 292,299 217,225
767,730 733,268