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REGISTERED NUMBER: 01704765 (England and Wales)















Financial Statements for the Year Ended 30th June 2024

for

SHACKERLEY (HOLDINGS) GROUP LIMITED

SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SHACKERLEY (HOLDINGS) GROUP LIMITED

Company Information
for the Year Ended 30th June 2024







DIRECTORS: Mr B G Newell MBE
Mr B E Newell
Mr S L Newell
Mr S J Lahera



SECRETARY: Mr B G Newell MBE



REGISTERED OFFICE: Ceramics House
Wigan Road
Euxton
Chorley
Lancashire
PR7 6JH



REGISTERED NUMBER: 01704765 (England and Wales)



SENIOR STATUTORY AUDITOR: Andrew Carl Caunce FCCA



AUDITORS: Abrams Ashton-Chorley Limited
Statutory Auditor
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)

Balance Sheet
30th June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,457,431 1,950,343
Investments 5 2 2
2,457,433 1,950,345

CURRENT ASSETS
Stocks 6 1,864,217 2,106,578
Debtors 7 865,608 1,583,143
Cash at bank and in hand 2,378,723 1,628,941
5,108,548 5,318,662
CREDITORS
Amounts falling due within one year 8 1,169,875 1,630,128
NET CURRENT ASSETS 3,938,673 3,688,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,396,106

5,638,879

PROVISIONS FOR LIABILITIES 168,109 64,431
NET ASSETS 6,227,997 5,574,448

CAPITAL AND RESERVES
Called up share capital 10 155,000 155,000
Revaluation Reserve 584,869 275,515
Capital reserves 45,000 45,000
Retained earnings 5,443,128 5,098,933
SHAREHOLDERS' FUNDS 6,227,997 5,574,448

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 26th March 2025 and were signed on its behalf by:





Mr B G Newell MBE - Director


SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Shackerley (Holdings) Group 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 as modified by the revaluation of certain assets.

Revenue recognition
Turnover is the value of goods, net of value added tax, provided to customers during the year.

Sale of Goods:

Revenue from sale of goods is recognised when the following conditions are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the goods;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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 - at variable rates on reducing balance
Motor vehicles - 20% on cost

In a departure from FRS 102 Section 1A for small entities, no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The directors consider that this policy results in the financial statements giving a true and fair view.

Impairment of Assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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

SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, loans to common controlled companies and cash and bank balances, are initially measured at transaction price including transaction costs. They are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Other financial assets
All the company's financial assets fall to be classified as basic financial assets under Section 11 of FRS 102 and the company therefore holds no other financial assets.

Basic financial liabilities
Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities
All the companies financial liabilities fall to be classified as basic financial liabilities under Section 11 of FRS 102 and the company therefore has no other financial instruments.

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.

SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)

Notes to the Financial Statements - continued
for the Year Ended 30th June 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.

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.

Investments
Investments in subsidiaries:-

Investments held as fixed assets are stated at cost less provision for any impairment in value. Investments held by the company in subsidiaries denominated in foreign currencies are translated at rates ruling at the balance sheet date.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

Warranty provisions
Warranty provisions are recognised in the accounts on the basis of the sale of products with warranty being the past obligation and giving rise to the present legal obligation, some expenditure being included to settle the whole class of warranty obligations and that the warranty provision is included as a best estimate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2023 - 47 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1st July 2023 1,833,107 728,283 26,700 2,588,090
Additions 113,527 47,313 - 160,840
Revaluations 412,472 - - 412,472
At 30th June 2024 2,359,106 775,596 26,700 3,161,402
DEPRECIATION
At 1st July 2023 - 613,476 24,271 637,747
Charge for year - 64,604 1,620 66,224
At 30th June 2024 - 678,080 25,891 703,971
NET BOOK VALUE
At 30th June 2024 2,359,106 97,516 809 2,457,431
At 30th June 2023 1,833,107 114,807 2,429 1,950,343

The properties have been revalued in the year on 26th April 2024 by Alan McNaughton MRICS.

SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)

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

5. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1st July 2023
and 30th June 2024 2
NET BOOK VALUE
At 30th June 2024 2
At 30th June 2023 2

6. STOCKS
30.6.24 30.6.23
£    £   
Raw materials 1,864,217 2,106,578

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 727,391 1,100,215
Directors' current accounts - 401,138
Prepayments 138,217 81,790
865,608 1,583,143

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 297,055 473,238
Tax 106,761 47,551
Social security and other taxes 211,664 205,711
Directors' current accounts 25,084 99,376
Accrued expenses 529,311 804,252
1,169,875 1,630,128

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.6.24 30.6.23
£    £   
Within one year 60,000 60,000
Between one and five years 90,000 150,000
150,000 210,000

SHACKERLEY (HOLDINGS) GROUP LIMITED (REGISTERED NUMBER: 01704765)

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

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
155,000 Ordinary £1 155,000 155,000

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Carl Caunce FCCA (Senior Statutory Auditor)
for and on behalf of Abrams Ashton-Chorley Limited


Abrams Ashton - Chorley

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th June 2024 and 30th June 2023:

30.6.24 30.6.23
£    £   
Mr B E Newell
Balance outstanding at start of year 401,138 -
Amounts advanced - 401,138
Amounts repaid (401,138 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 401,138

The brought forward directors loan balance due from Mr BE Newell of £401,138 was repaid in full on 31st August 2023. Interest was charged up to the date of repayment at the official HMRC beneficial loan rate of 2%.

13. RELATED PARTY DISCLOSURES

During the year, the company received a management charge of £50,000 from a business controlled by the director Mr BG Newell. This was in respect of management services provided by the company.

14. CONTROLLING PARTY

The controlling party is Mr B G Newell.

Throughout the current and previous year, the above named director, has controlled the company by virtue of holding 100% of the issued ordinary share capital.