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REGISTERED NUMBER: 03547567 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SHIRE STRUCTURES LIMITED

SHIRE STRUCTURES LIMITED (REGISTERED NUMBER: 03547567)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SHIRE STRUCTURES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTORS: Mr S Crook
Mr R Y Hartshorne
Mr R Mace



SECRETARY: Mrs S A Crook



REGISTERED OFFICE: The Chapel
Barnsley Hall Road
Bromsgrove
Worcestershire
B61 0SZ



REGISTERED NUMBER: 03547567 (England and Wales)



ACCOUNTANTS: Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
Warwickshire
CV34 4EW



BANKERS: HSBC Bank Plc
47 High Street
Bromsgrove
Worcestershire
B61 8AW

SHIRE STRUCTURES LIMITED (REGISTERED NUMBER: 03547567)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 54,070 67,588
Tangible assets 5 429,293 375,472
Investments 6 108 108
483,471 443,168

CURRENT ASSETS
Stocks 871,514 561,276
Debtors 7 3,202,209 2,840,102
Cash at bank and in hand 1,490,667 555,376
5,564,390 3,956,754
CREDITORS
Amounts falling due within one year 8 2,400,800 1,860,212
NET CURRENT ASSETS 3,163,590 2,096,542
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,647,061

2,539,710

PROVISIONS FOR LIABILITIES 9 86,075 82,119
NET ASSETS 3,560,986 2,457,591

CAPITAL AND RESERVES
Called up share capital 10 54 54
Share premium 196 196
Capital redemption reserve 54 54
Retained earnings 3,560,682 2,457,287
SHAREHOLDERS' FUNDS 3,560,986 2,457,591

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

SHIRE STRUCTURES LIMITED (REGISTERED NUMBER: 03547567)

BALANCE SHEET - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mr S Crook - Director


SHIRE STRUCTURES LIMITED (REGISTERED NUMBER: 03547567)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Shire Structures 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of five 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 equipment - 25% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SHIRE STRUCTURES LIMITED (REGISTERED NUMBER: 03547567)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 56 (2023 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 67,588
AMORTISATION
Amortisation for year 13,518
At 31 October 2024 13,518
NET BOOK VALUE
At 31 October 2024 54,070
At 31 October 2023 67,588

5. TANGIBLE FIXED ASSETS
Plant and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 November 2023 576,375 286,683 863,058
Additions 69,518 156,110 225,628
Disposals (95,545 ) (20,474 ) (116,019 )
At 31 October 2024 550,348 422,319 972,667
DEPRECIATION
At 1 November 2023 283,855 203,731 487,586
Charge for year 88,047 59,510 147,557
Eliminated on disposal (71,295 ) (20,474 ) (91,769 )
At 31 October 2024 300,607 242,767 543,374
NET BOOK VALUE
At 31 October 2024 249,741 179,552 429,293
At 31 October 2023 292,520 82,952 375,472

6. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 November 2023
and 31 October 2024 108
NET BOOK VALUE
At 31 October 2024 108
At 31 October 2023 108

SHIRE STRUCTURES LIMITED (REGISTERED NUMBER: 03547567)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 2,823,635 2,642,647
Amounts owed by group undertakings 82 3,722
Other debtors 138,377 6,104
Prepayments and accrued income 240,115 187,629
3,202,209 2,840,102

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Payments on account - 6,225
Trade creditors 918,162 872,240
Tax 513,515 234,503
Social security and other taxes 67,930 38,019
VAT 189,068 172,281
Other creditors 15,716 1,728
Directors' current accounts 252,405 145,980
Accrued expenses 444,004 389,236
2,400,800 1,860,212

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 86,075 82,119

Deferred
tax
£   
Balance at 1 November 2023 82,119
Charge to Statement of Income and Retained Earnings during year 3,956
Balance at 31 October 2024 86,075

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
50 Ordinary A £1 50 50
4 Ordinary B £1 4 4
54 54

11. RELATED PARTY DISCLOSURES

The directors, Mr S Crook, Mr R W D Mace and Mr R Y Hartshorne, are also directors and shareholders of
Shire Consulting Limited.

During the year Shire Structures Limited paid management charges of £0 (2023 £188,159) to
Shire Consulting Limited and Shire Consulting Limited paid management charges of £43,624 (2023 £0) to Shire Structures Limited.

All other transactions between the two companies were under normal commercial terms.