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Company registration number: 04070850
AL. SHAWS LTD
Unaudited filleted financial statements
31 October 2024
AL. SHAWS LTD
Contents
Directors report
Statement of financial position
Notes to the financial statements
AL. SHAWS LTD
Directors report
Year ended 31st October 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31st October 2024.
Directors
The directors who served the company during the year were as follows:
Mr D Shaw
Mrs M Shaw
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 17 February 2025 and signed on behalf of the board by:
Mr D Shaw Mrs M Shaw
Director Director
AL. SHAWS LTD
Statement of financial position
31st October 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 54,560 68,832
_______ _______
54,560 68,832
Current assets
Stocks 41,225 56,121
Debtors 6 126,134 115,570
Cash at bank and in hand 221,500 374,491
_______ _______
388,859 546,182
Creditors: amounts falling due
within one year 7 ( 96,827) ( 169,471)
_______ _______
Net current assets 292,032 376,711
_______ _______
Total assets less current liabilities 346,592 445,543
Provisions for liabilities ( 13,121) ( 16,576)
_______ _______
Net assets 333,471 428,967
_______ _______
Capital and reserves
Called up share capital 102 102
Profit and loss account 333,369 428,865
_______ _______
Shareholders funds 333,471 428,967
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 17 February 2025 , and are signed on behalf of the board by:
Mr D Shaw Mrs M Shaw
Director Director
Company registration number: 04070850
AL. SHAWS LTD
Notes to the financial statements
Year ended 31st October 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Al. Shaws Ltd, Unit 2,3 & 3a Second Avenue, Denbigh Road, Bletchley, Milton Keynes, MK1 1ED.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25 % reducing balance
Fittings fixtures and equipment - 25 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 9 ).
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1st November 2023 139,736 37,077 73,965 250,778
Additions - 4,077 - 4,077
Disposals - ( 1,606) - ( 1,606)
_______ _______ _______ _______
At 31st October 2024 139,736 39,548 73,965 253,249
_______ _______ _______ _______
Depreciation
At 1st November 2023 109,132 31,789 41,025 181,946
Charge for the year 7,653 2,300 8,236 18,189
Disposals - ( 1,446) - ( 1,446)
_______ _______ _______ _______
At 31st October 2024 116,785 32,643 49,261 198,689
_______ _______ _______ _______
Carrying amount
At 31st October 2024 22,951 6,905 24,704 54,560
_______ _______ _______ _______
At 31st October 2023 30,604 5,288 32,940 68,832
_______ _______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 113,255 104,377
Other debtors 12,879 11,193
_______ _______
126,134 115,570
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 54,406 65,363
Social security and other taxes 30,684 88,739
Other creditors 11,737 15,369
_______ _______
96,827 169,471
_______ _______
8. Directors advances, credits and guarantees
There were no advances, credits or guarantees in respect of the directors during the year.