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REGISTERED NUMBER: 08280327 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 December 2024

for

SHROPSHIRE DESIGN LIMITED

SHROPSHIRE DESIGN LIMITED (REGISTERED NUMBER: 08280327)

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

Chartered Accountants' Report 6

SHROPSHIRE DESIGN LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTORS: P M Snowdon
W J Fellows





REGISTERED OFFICE: Long Lane
Shifnal
TF11 8PJ





REGISTERED NUMBER: 08280327 (England and Wales)





ACCOUNTANTS: CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW

SHROPSHIRE DESIGN LIMITED (REGISTERED NUMBER: 08280327)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 669,412 74,900
Investments 5 7,032 10,042
676,444 84,942

CURRENT ASSETS
Stocks 7,000 243,734
Debtors 6 35,272 18,014
Cash at bank 187,839 214,842
230,111 476,590
CREDITORS
Amounts falling due within one year 7 675,621 381,611
NET CURRENT (LIABILITIES)/ASSETS (445,510 ) 94,979
TOTAL ASSETS LESS CURRENT
LIABILITIES

230,934

179,921

PROVISIONS FOR LIABILITIES 53,445 17,616
NET ASSETS 177,489 162,305

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 177,479 162,295
SHAREHOLDERS' FUNDS 177,489 162,305

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

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

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 28 May 2025 and were signed on its behalf by:





W J Fellows - Director


SHROPSHIRE DESIGN LIMITED (REGISTERED NUMBER: 08280327)

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


1. STATUTORY INFORMATION

Shropshire Design 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.

Significant judgements and estimates
Preparation of the financial statements requires management to make significant judgements, estimates and assumptions that affect the amounts reported for the assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year.

Turnover
Turnover 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

The Directors review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.

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 profit or loss 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.

SHROPSHIRE DESIGN LIMITED (REGISTERED NUMBER: 08280327)

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


2. ACCOUNTING POLICIES - continued

Employee benefits
The company's holiday period is 1 January - 31 December, therefore no accrued holiday pay provision is required in these accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 - 4,541 17,818
Additions 298,331 - -
At 31 December 2024 298,331 4,541 17,818
DEPRECIATION
At 1 January 2024 - 1,740 11,932
Charge for year - 700 1,186
At 31 December 2024 - 2,440 13,118
NET BOOK VALUE
At 31 December 2024 298,331 2,101 4,700
At 31 December 2023 - 2,801 5,886

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 100,831 24,260 147,450
Additions 382,495 9,817 690,643
At 31 December 2024 483,326 34,077 838,093
DEPRECIATION
At 1 January 2024 45,073 13,805 72,550
Charge for year 90,746 3,499 96,131
At 31 December 2024 135,819 17,304 168,681
NET BOOK VALUE
At 31 December 2024 347,507 16,773 669,412
At 31 December 2023 55,758 10,455 74,900

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.12.24 31.12.23
£    £   
Investments 7,032 10,042

SHROPSHIRE DESIGN LIMITED (REGISTERED NUMBER: 08280327)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 35,272 18,014

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 321,011 40,896
Trade creditors 131,544 53,248
Taxation and social security 16,796 66,764
Other creditors 206,270 220,703
675,621 381,611

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W J Fellows.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Shropshire Design Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shropshire Design Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shropshire Design Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shropshire Design Limited and state those matters that we have agreed to state to the Board of Directors of Shropshire Design Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shropshire Design Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shropshire Design Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Shropshire Design Limited. You consider that Shropshire Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Shropshire Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






CHEADLES
Chartered Accountants
Telegraph House
59 Wolverhampton Road
Stafford
Staffordshire
ST17 4AW


28 May 2025