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REGISTERED NUMBER: 08456737 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

SHROPSHIRE CLEANERS LTD
TRADING AS
SHROPSHIRE CLEANERS

SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS






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

Chartered Accountants' Report 8

SHROPSHIRE CLEANERS LTD
TRADING AS SHROPSHIRE CLEANERS

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J P O'Keefe
G M O'Keefe





REGISTERED OFFICE: 7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG





REGISTERED NUMBER: 08456737 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - 2,000
Tangible assets 6 367,214 258,893
367,214 260,893

CURRENT ASSETS
Stocks 5,000 3,068
Debtors 7 234,356 116,300
Cash at bank 77,399 64,930
316,755 184,298
CREDITORS
Amounts falling due within one year 8 205,602 167,610
NET CURRENT ASSETS 111,153 16,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

478,367

277,581

CREDITORS
Amounts falling due after more than one
year

9

(399,919

)

(228,983

)

PROVISIONS FOR LIABILITIES (77,115 ) (54,368 )
NET ASSETS/(LIABILITIES) 1,333 (5,770 )

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserves 9,977 9,977
Retained earnings (8,744 ) (15,847 )
SHAREHOLDERS' FUNDS 1,333 (5,770 )

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.

SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:





G M O'Keefe - Director


SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Shropshire Cleaners 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The accounts have been prepared on a going concern basis. This is dependent on the continued financial support of the director and shareholder.

This is the first year in which the financial statements have been prepared under FRS 102 Section 1A. Details of the transition can be found in note 11.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

These financial statements are for the individual entity only.

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 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.


SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

3. 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
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 20,000
AMORTISATION
At 1 June 2023 18,000
Charge for year 2,000
At 31 May 2024 20,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 2,000

SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 410,588
Additions 234,914
Disposals (74,945 )
At 31 May 2024 570,557
DEPRECIATION
At 1 June 2023 151,695
Charge for year 87,514
Eliminated on disposal (35,866 )
At 31 May 2024 203,343
NET BOOK VALUE
At 31 May 2024 367,214
At 31 May 2023 258,893

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 79,842 50,926
Other debtors 154,514 65,374
234,356 116,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 81,087 54,874
Trade creditors 38,651 51,842
Taxation and social security 83,916 58,930
Other creditors 1,948 1,964
205,602 167,610

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 124,700 -
Hire purchase contracts 237,177 184,961
Other creditors 38,042 44,022
399,919 228,983

SHROPSHIRE CLEANERS LTD (REGISTERED NUMBER: 08456737)
TRADING AS SHROPSHIRE CLEANERS

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
J P O'Keefe
Balance outstanding at start of year 24,439 -
Amounts advanced 83,741 77,933
Amounts repaid (50,346 ) (53,494 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,834 24,439

G M O'Keefe
Balance outstanding at start of year 24,439 -
Amounts advanced 83,598 75,219
Amounts repaid (50,346 ) (50,780 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,691 24,439

In the above year dividends of £75,562 ( 2023: £75,400 ) were paid to the directors of the company

11. FIRST YEAR ADOPTION

These are the company's first financial statements prepared in accordance with the provisions of Section 1A "Small Entities" Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland". Previously they were prepared in accordance with previous UK GAAP. The company has prepared its opening balance sheet at the date of transition to FRS 102, which is 1st June 2022.

Exemptions from full retrospective application

The company's accounting policies presented in note 3 have been applied in preparing the financial statements for the year ended 31 May 2024, the comparative information and the opening balance sheet as at the date of transition. Upon transition, the company has applied all the mandatory exceptions from full retrospective application.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHROPSHIRE CLEANERS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shropshire Cleaners Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shropshire Cleaners Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shropshire Cleaners Ltd and state those matters that we have agreed to state to the Board of Directors of Shropshire Cleaners Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shropshire Cleaners Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shropshire Cleaners Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shropshire Cleaners Ltd. You consider that Shropshire Cleaners Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shropshire Cleaners Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG


21 February 2025