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REGISTERED NUMBER: 02860430 (England and Wales)












Financial Statements

for the Year Ended 31 March 2025

for

Shared Approach Limited

Shared Approach Limited (Registered number: 02860430)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Shared Approach Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr A Pearson
Mr J I Gerrard
Mrs V J Wherry
MR R I Ireland
Mr R T Pearson
Mrs N Dearden





REGISTERED OFFICE: Unit 2
Creamery Estate
Barnacre
Preston
Lancashire
PR3 1GD





REGISTERED NUMBER: 02860430 (England and Wales)





ACCOUNTANTS: Towers + Gornall Ltd
Chartered Certified Accountants
River View
96 High Street
Garstang
Preston
Lancashire
PR3 1WZ

Shared Approach Limited (Registered number: 02860430)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,040,531 1,064,159

CURRENT ASSETS
Debtors 5 740,204 744,546
Cash at bank and in hand 506,319 438,199
1,246,523 1,182,745
CREDITORS
Amounts falling due within one year 6 691,839 705,650
NET CURRENT ASSETS 554,684 477,095
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,595,215

1,541,254

CREDITORS
Amounts falling due after more than one
year

7

(89,193

)

(126,546

)

PROVISIONS FOR LIABILITIES (4,069 ) (3,366 )
NET ASSETS 1,501,953 1,411,342

RESERVES
Income and expenditure account 1,501,953 1,411,342
1,501,953 1,411,342

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 surplus or deficit 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.

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 19 May 2025 and were signed on its behalf by:





Mrs V J Wherry - Director


Shared Approach Limited (Registered number: 02860430)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. STATUTORY INFORMATION

Shared Approach Limited is a private company, limited by guarantee , 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 cost
Fixtures and fittings - 25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

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.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable accounting standards.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 119 (2024 - 114 ) .

Shared Approach Limited (Registered number: 02860430)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Long Plant and and
property leasehold machinery fittings Totals
£    £    £    £    £   
COST
At 1 April 2024 941,969 405,837 78,973 59,020 1,485,799
Additions - - 6,566 - 6,566
At 31 March 2025 941,969 405,837 85,539 59,020 1,492,365
DEPRECIATION
At 1 April 2024 176,003 114,001 72,616 59,020 421,640
Charge for year 18,406 8,117 3,671 - 30,194
At 31 March 2025 194,409 122,118 76,287 59,020 451,834
NET BOOK VALUE
At 31 March 2025 747,560 283,719 9,252 - 1,040,531
At 31 March 2024 765,966 291,836 6,357 - 1,064,159

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 719,283 727,435
Other debtors 10,426 2,989
Prepayments and accrued income 10,495 14,122
740,204 744,546

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 34,269 32,332
Trade creditors 3,637 5,725
Corporation tax 36,323 31,496
Social security and other taxes 93,820 79,304
Other deductions creditor 25,086 26,466
Held on behalf of residents 241,506 304,737
Other creditors 5,165 7,170
Accruals and deferred income 252,033 218,420
691,839 705,650

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 27,709 35,508
Bank loans - 2-5 years 61,484 72,234
Bank loans more 5 yr by instal - 18,804
89,193 126,546

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,804