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REGISTERED NUMBER: 03231720 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Shirebrook Retail Limited

Shirebrook Retail Limited (Registered number: 03231720)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Shirebrook Retail Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J M Broughton
J D Broughton
Mrs S A Broughton
Mrs W L Broughton





SECRETARY: J D Broughton





REGISTERED OFFICE: Unit 29, The Tangent Business Hub
Weighbridge Road
Shirebrook
Mansfield
Nottinghamshire
NG20 8RX





REGISTERED NUMBER: 03231720 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

Shirebrook Retail Limited (Registered number: 03231720)

Abridged Balance Sheet
31 July 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,832,573 1,800,200
Investments 5 4,000 4,000
1,836,573 1,804,200

CURRENT ASSETS
Stocks - 28,669
Debtors 1,573,439 700,837
Cash at bank and in hand 389,862 873,404
1,963,301 1,602,910
CREDITORS
Amounts falling due within one year 657,760 399,007
NET CURRENT ASSETS 1,305,541 1,203,903
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,142,114

3,008,103

CREDITORS
Amounts falling due after more than one year 823,252 752,612
NET ASSETS 2,318,862 2,255,491

CAPITAL AND RESERVES
Called up share capital 1,000,000 1,000,000
Retained earnings 1,318,862 1,255,491
SHAREHOLDERS' FUNDS 2,318,862 2,255,491

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

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

Shirebrook Retail Limited (Registered number: 03231720)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 April 2025 and were signed on its behalf by:





J D Broughton - Director


Shirebrook Retail Limited (Registered number: 03231720)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Shirebrook Retail 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax. Turnover also includes rental income accounted for on an accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings- not provided
Fixtures and fittings- 20% on cost
Motor vehicles- 25% on cost

Depreciation is not provided on land and buildings which is a a departure from the requirements of the Companies Act. However, as some of the land and buildings are held as investments and for those which are occupied by the company directly have not seen any depreciation in value, the directors consider that systematic annual depreciation would be inappropriate. Therefore the accounting policy is necessary for the accounts to give a true and fair view.

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

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


Shirebrook Retail Limited (Registered number: 03231720)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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.

Insurance income
Insurance income relating to compensation for business interruption is recognised when there is an unconditional right to receive the compensation which is assumed to be date of receipt of insurance proceeds. Other insurance proceeds are matched to the period in which the relevant expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Totals
£
COST
At 1 August 2023 1,861,739
Additions 33,062
Disposals (61,539 )
At 31 July 2024 1,833,262
DEPRECIATION
At 1 August 2023 61,539
Charge for year 689
Eliminated on disposal (61,539 )
At 31 July 2024 689
NET BOOK VALUE
At 31 July 2024 1,832,573
At 31 July 2023 1,800,200

Shirebrook Retail Limited (Registered number: 03231720)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£
COST
At 1 August 2023
and 31 July 2024 4,000
NET BOOK VALUE
At 31 July 2024 4,000
At 31 July 2023 4,000

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£ £
J M Broughton
Balance outstanding at start of year - -
Amounts advanced 156,304 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 156,304 -

J D Broughton
Balance outstanding at start of year - 22,662
Amounts advanced 87,622 -
Amounts repaid - (22,662 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 87,622 -