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REGISTERED NUMBER: 04319623 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Shaw & Shaw Limited

Shaw & Shaw Limited (Registered number: 04319623)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shaw & Shaw Limited

Company Information
for the year ended 31 March 2024







DIRECTOR: E Gondzic





SECRETARY: T H Smith





REGISTERED OFFICE: Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 04319623 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Shaw & Shaw Limited (Registered number: 04319623)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 816,555 847,117

CURRENT ASSETS
Stocks 3,000 15,000
Debtors 5 105,703 10,717
Cash at bank and in hand 185,144 95,032
293,847 120,749
CREDITORS
Amounts falling due within one year 6 637,050 326,317
NET CURRENT LIABILITIES (343,203 ) (205,568 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

473,352

641,549

CREDITORS
Amounts falling due after more than
one year

7

248,876

288,356
NET ASSETS 224,476 353,193

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,376 353,093
SHAREHOLDERS' FUNDS 224,476 353,193

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 5 February 2025 and were signed by:




E Gondzic - Director


Shaw & Shaw Limited (Registered number: 04319623)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Shaw & Shaw Limited 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.
Freehold property - 2% of cost or valuation
Short leasehold - equally over remaining term of lease
Improvements to property - Straight line over 20 years
Plant and machinery - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 33% 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.

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.

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 NIL (2023 - 21 ).

Shaw & Shaw Limited (Registered number: 04319623)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short to Plant and
property leasehold property machinery
£    £    £    £   
COST
At 1 April 2023 761,108 29,500 115,585 84,256
Additions - - - 6,430
At 31 March 2024 761,108 29,500 115,585 90,686
DEPRECIATION
At 1 April 2023 68,407 17,700 46,475 59,645
Charge for year 7,557 2,950 6,262 7,761
At 31 March 2024 75,964 20,650 52,737 67,406
NET BOOK VALUE
At 31 March 2024 685,144 8,850 62,848 23,280
At 31 March 2023 692,701 11,800 69,110 24,611

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 138,517 500 12,510 1,141,976
Additions - - - 6,430
At 31 March 2024 138,517 500 12,510 1,148,406
DEPRECIATION
At 1 April 2023 91,550 375 10,707 294,859
Charge for year 11,742 125 595 36,992
At 31 March 2024 103,292 500 11,302 331,851
NET BOOK VALUE
At 31 March 2024 35,225 - 1,208 816,555
At 31 March 2023 46,967 125 1,803 847,117

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,976 3,848
Other debtors 84,516 -
Prepayments 17,211 6,869
105,703 10,717

Shaw & Shaw Limited (Registered number: 04319623)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 101,674 25,094
Tax 18,159 40,193
Social security and other taxes 47,976 32,434
Other creditors 228,635 157,753
Directors' current accounts 181,406 24,593
Accrued expenses 34,200 21,250
637,050 326,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 49,769 49,769
Bank loans - 2-5 years 149,306 149,306
Bank loans more 5 yr by instal 49,801 89,281
248,876 288,356

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 49,801 89,281

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 273,876 313,356

Santander bank plc holds a fixed and floating charge dated 24th January 2019 over the freehold property 17 Broad Street, Nottingham, NG13AJ.

9. ULTIMATE CONTROLLING PARTY

The controlling party is E Gondzic.