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REGISTERED NUMBER: 00660011 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HARRY SHAW (DM) LIMITED

HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HARRY SHAW (DM) LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: C D Blyth
R H Shaw
Mrs R M Shaw
J C T Shaw





SECRETARY: Mrs R M Shaw





REGISTERED OFFICE: Mill House
Mill Lane
Binley
Coventry
West Midlands
CV3 2DU





REGISTERED NUMBER: 00660011 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
1110 Elliott Court
Coventry Business Park
Herald Avenue
Coventry
West Midlands
CV5 6UB

HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,550,575 1,885,708
Investments 5 34,012 34,012
Investment property 6 1,207,557 974,999
2,792,144 2,894,719

CURRENT ASSETS
Stocks 25,629 27,283
Debtors 7 591,812 611,464
Cash at bank and in hand 321,356 524,459
938,797 1,163,206
CREDITORS
Amounts falling due within one year 8 739,968 1,158,010
NET CURRENT ASSETS 198,829 5,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,990,973

2,899,915

PROVISIONS FOR LIABILITIES 134,407 162,404
NET ASSETS 2,856,566 2,737,511

CAPITAL AND RESERVES
Called up share capital 11 50,000 50,000
Revaluation reserve 12 587,010 720,976
Other reserves 316,882 316,882
Retained earnings 1,902,674 1,649,653
SHAREHOLDERS' FUNDS 2,856,566 2,737,511

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 22 May 2025 and were signed on its behalf by:





J C T Shaw - Director


HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Harry Shaw (Dm) 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.

Preparation of consolidated financial statements
The financial statements contain information about Harry Shaw (Dm) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
The following judgements have been made in the process of applying the accounting policies:
Motor vehicles are depreciated down to an estimated residual value based upon market conditions and prior experience of vehicle value.
Investment properties are valued based upon estimated market value by reference to most recent market data.

Turnover
Turnover, net of VAT, represents sale of coach hire services according to the date of hire.

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% on cost
Plant and machinery - 25% on reducing balance and 20% on reducing balance
Fixtures and fittings - 20% on cost and 20% on reducing balance
Motor vehicles - 25% on reducing balance and 10% on cost

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised 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.

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.


HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 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.

Debtors/creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account using the effective interest method in accordance with Section 20 FRS102.

Operating lease commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease in accordance with section 20.15 FRS102.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 January 2024 1,410,328 146,207 67,993 1,378,686 3,003,214
Additions - - - 121,899 121,899
Disposals (252,000 ) - - (615,894 ) (867,894 )
At 31 December 2024 1,158,328 146,207 67,993 884,691 2,257,219
DEPRECIATION
At 1 January 2024 59,813 121,315 44,507 891,871 1,117,506
Charge for year 4,200 5,677 372 60,634 70,883
Eliminated on disposal - - - (481,745 ) (481,745 )
At 31 December 2024 64,013 126,992 44,879 470,760 706,644
NET BOOK VALUE
At 31 December 2024 1,094,315 19,215 23,114 413,931 1,550,575
At 31 December 2023 1,350,515 24,892 23,486 486,815 1,885,708

HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 December 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2015 348,286 - - - 348,286
Valuation in 2020 93,931 - - - 93,931
Valuation in 2023 174,000 - - - 174,000
Cost 542,111 146,207 67,993 884,691 1,641,002
1,158,328 146,207 67,993 884,691 2,257,219

If Freehold properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 542,111 660,145
Aggregate depreciation 45,411 45,411

Freehold land and buildings were valued on an open market basis on 1 January 2016 by Shortland, Penn & Moore .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 34,012
NET BOOK VALUE
At 31 December 2024 34,012
At 31 December 2023 34,012

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 974,999
Additions 232,558
At 31 December 2024 1,207,557
NET BOOK VALUE
At 31 December 2024 1,207,557
At 31 December 2023 974,999

HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2020 304,897
Valuation in 2022 30,000
Cost 872,660
1,207,557

If Investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 872,660 640,102

Investment property was valued on an open market basis on 31 December 2024 by the Directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 210,304 10,311
Amounts owed by group undertakings 306,646 143,264
Other debtors 30,015 420,000
Tax 9,433 -
Prepayments 35,414 37,889
591,812 611,464

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 490,107
Hire purchase contracts (see note 9) 300 70,096
Trade creditors 154,713 169,968
Amounts owed to group undertakings 213,461 215,083
Tax 92,965 113,189
Social security and other taxes 15,094 58,196
Other creditors 7,338 2,794
Directors' current accounts 2 2
Accrued expenses 256,095 38,575
739,968 1,158,010

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 300 70,096

HARRY SHAW (DM) LIMITED (REGISTERED NUMBER: 00660011)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2024 2023
£    £   
Within one year 603,802 408,706
Between one and five years 1,769,953 1,590,084
In more than five years 12,690 18,877
2,386,445 2,017,667

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft - 490,107
Hire purchase contracts 300 70,096
300 560,203

The bank loans and overdraft are secured by first legal charges over freehold and investment properties. An unlimited debenture dated 29/09/1982 incorporates a fixed and floating charge over the undertakings of the Company.
Other creditors are secured by chattel mortgages.
Hire purchase contracts are secured on the asset to which it relates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000

12. RESERVES
Revaluation
reserve
£   
At 1 January 2024 720,976
Property disposal (133,966 )

At 31 December 2024 587,010

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

The Report of the Auditors was unqualified.

Ashwani Rishiraj BA FCA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited