Shaw Austin Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 03844969

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		79,767		79,767
Tangible Assets	5		3,546		4,728

			83,313		84,495
CURRENT ASSETS
Debtors	6	78,808		55,733
Cash at bank and in hand		13,923		1,783

		92,731		57,516
Creditors: Amounts Falling Due Within One Year	7	(97,827 )		(58,209 )

NET CURRENT ASSETS (LIABILITIES)			(5,096 )		(693 )

TOTAL ASSETS LESS CURRENT LIABILITIES			78,217		83,802

Creditors: Amounts Falling Due After More Than One Year	8		(31,639 )		(35,074 )

NET ASSETS			46,578		48,728

CAPITAL AND RESERVES
Called up share capital	9		100		103
Profit and Loss Account			46,478		48,625

SHAREHOLDERS' FUNDS			46,578		48,728

Page 1

Page 2

Shaw Austin Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D H Shaw

Director

7 April 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Shaw Austin Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03844969 . The registered office is 45 City Road, Chester, CH1 3AE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

The presentational currency is £ Sterling and all amounts are rounded to the nearest £.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of accounting, payroll and related services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill will now be reviewed yearly by the director for impairment and will not be subject to any further amortisation.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% on net book value

2.5. Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.6. Pensions

The company makes payments to employees defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 11)

Page 3

Page 4

Shaw Austin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 January 2024	387,128

As at 31 December 2024	387,128

Amortisation
As at 1 January 2024	307,361

As at 31 December 2024	307,361

Net Book Value
As at 31 December 2024	79,767

As at 1 January 2024	79,767

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 January 2024	19,764

As at 31 December 2024	19,764

Depreciation
As at 1 January 2024	15,036
Provided during the period	1,182

As at 31 December 2024	16,218

Net Book Value
As at 31 December 2024	3,546

As at 1 January 2024	4,728

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	69,645	43,514
Other debtors	9,163	12,219

	78,808	55,733

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	33,034	20,946
Bank loans and overdrafts	6,377	6,377
Other creditors	10,230	4,508
Taxation and social security	48,186	26,378

	97,827	58,209

Page 4

Page 5

Shaw Austin Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	31,639	35,074

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	103

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	16,500	16,500
Later than one year and not later than five years	45,375	61,875

	61,875	78,375

11. Related Party Transactions

The director has made an interest free loan available to the company during the period of £9,253 (2023 - £12), repayable

on demand.

Page 5