2024-01-012024-12-312024-12-31false08720732SHAVEKIT LTD2025-05-23falseiso4217:GBPxbrli:pure087207322024-01-01087207322024-12-31087207322024-01-012024-12-31087207322023-01-01087207322023-12-31087207322023-01-012023-12-3108720732bus:SmallEntities2024-01-012024-12-3108720732bus:AuditExempt-NoAccountantsReport2024-01-012024-12-3108720732bus:FullAccounts2024-01-012024-12-3108720732bus:PrivateLimitedCompanyLtd2024-01-012024-12-3108720732core:WithinOneYear2024-12-3108720732core:AfterOneYear2024-12-3108720732core:WithinOneYear2023-12-3108720732core:AfterOneYear2023-12-3108720732core:ShareCapital2024-12-3108720732core:SharePremium2024-12-3108720732core:RevaluationReserve2024-12-3108720732core:OtherReservesSubtotal2024-12-3108720732core:RetainedEarningsAccumulatedLosses2024-12-3108720732core:ShareCapital2023-12-3108720732core:SharePremium2023-12-3108720732core:RevaluationReserve2023-12-3108720732core:OtherReservesSubtotal2023-12-3108720732core:RetainedEarningsAccumulatedLosses2023-12-3108720732core:LandBuildings2024-12-3108720732core:PlantMachinery2024-12-3108720732core:Vehicles2024-12-3108720732core:FurnitureFittings2024-12-3108720732core:OfficeEquipment2024-12-3108720732core:NetGoodwill2024-12-3108720732core:IntangibleAssetsOtherThanGoodwill2024-12-3108720732core:ListedExchangeTraded2024-12-3108720732core:UnlistedNon-exchangeTraded2024-12-3108720732core:LandBuildings2023-12-3108720732core:PlantMachinery2023-12-3108720732core:Vehicles2023-12-3108720732core:FurnitureFittings2023-12-3108720732core:OfficeEquipment2023-12-3108720732core:NetGoodwill2023-12-3108720732core:IntangibleAssetsOtherThanGoodwill2023-12-3108720732core:ListedExchangeTraded2023-12-3108720732core:UnlistedNon-exchangeTraded2023-12-3108720732core:LandBuildings2024-01-012024-12-3108720732core:PlantMachinery2024-01-012024-12-3108720732core:Vehicles2024-01-012024-12-3108720732core:FurnitureFittings2024-01-012024-12-3108720732core:OfficeEquipment2024-01-012024-12-3108720732core:NetGoodwill2024-01-012024-12-3108720732core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3108720732core:ListedExchangeTraded2024-01-012024-12-3108720732core:UnlistedNon-exchangeTraded2024-01-012024-12-3108720732core:MoreThanFiveYears2024-01-012024-12-3108720732core:Non-currentFinancialInstruments2024-12-3108720732core:Non-currentFinancialInstruments2023-12-3108720732dpl:CostSales2024-01-012024-12-3108720732dpl:DistributionCosts2024-01-012024-12-3108720732core:LandBuildings2024-01-012024-12-3108720732core:PlantMachinery2024-01-012024-12-3108720732core:Vehicles2024-01-012024-12-3108720732core:FurnitureFittings2024-01-012024-12-3108720732core:OfficeEquipment2024-01-012024-12-3108720732dpl:AdministrativeExpenses2024-01-012024-12-3108720732core:NetGoodwill2024-01-012024-12-3108720732core:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3108720732dpl:GroupUndertakings2024-01-012024-12-3108720732dpl:ParticipatingInterests2024-01-012024-12-3108720732dpl:GroupUndertakingscore:ListedExchangeTraded2024-01-012024-12-3108720732core:ListedExchangeTraded2024-01-012024-12-3108720732dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2024-01-012024-12-3108720732core:UnlistedNon-exchangeTraded2024-01-012024-12-3108720732dpl:CostSales2023-01-012023-12-3108720732dpl:DistributionCosts2023-01-012023-12-3108720732core:LandBuildings2023-01-012023-12-3108720732core:PlantMachinery2023-01-012023-12-3108720732core:Vehicles2023-01-012023-12-3108720732core:FurnitureFittings2023-01-012023-12-3108720732core:OfficeEquipment2023-01-012023-12-3108720732dpl:AdministrativeExpenses2023-01-012023-12-3108720732core:NetGoodwill2023-01-012023-12-3108720732core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3108720732dpl:GroupUndertakings2023-01-012023-12-3108720732dpl:ParticipatingInterests2023-01-012023-12-3108720732dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3108720732core:ListedExchangeTraded2023-01-012023-12-3108720732dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3108720732core:UnlistedNon-exchangeTraded2023-01-012023-12-3108720732core:NetGoodwill2024-12-3108720732core:IntangibleAssetsOtherThanGoodwill2024-12-3108720732core:LandBuildings2024-12-3108720732core:PlantMachinery2024-12-3108720732core:Vehicles2024-12-3108720732core:FurnitureFittings2024-12-3108720732core:OfficeEquipment2024-12-3108720732core:AfterOneYear2024-12-3108720732core:WithinOneYear2024-12-3108720732core:ListedExchangeTraded2024-12-3108720732core:UnlistedNon-exchangeTraded2024-12-3108720732core:ShareCapital2024-12-3108720732core:SharePremium2024-12-3108720732core:RevaluationReserve2024-12-3108720732core:OtherReservesSubtotal2024-12-3108720732core:RetainedEarningsAccumulatedLosses2024-12-3108720732core:NetGoodwill2023-12-3108720732core:IntangibleAssetsOtherThanGoodwill2023-12-3108720732core:LandBuildings2023-12-3108720732core:PlantMachinery2023-12-3108720732core:Vehicles2023-12-3108720732core:FurnitureFittings2023-12-3108720732core:OfficeEquipment2023-12-3108720732core:AfterOneYear2023-12-3108720732core:WithinOneYear2023-12-3108720732core:ListedExc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SHAVEKIT LTD

Registered Number
08720732
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

SHAVEKIT LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

HARROW, Bevan Thomas
WALKER, Thomas Kenneth Reginald

Registered Address

Suite 460 266 Banbury Road
Oxford
OX2 7DL

Registered Number

08720732 (England and Wales)
SHAVEKIT LTD
Statement of Financial Position
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3654728
Tangible assets43,2934,870
3,9475,598
Current assets
Stocks5126,697143,735
Debtors632,70629,017
Cash at bank and on hand64,012142,608
223,415315,360
Creditors amounts falling due within one year7(216,598)(242,099)
Net current assets (liabilities)6,81773,261
Total assets less current liabilities10,76478,859
Creditors amounts falling due after one year8(19,167)(29,167)
Net assets(8,403)49,692
Capital and reserves
Called up share capital2,0682,068
Share premium1,754,8381,754,838
Profit and loss account(1,765,309)(1,707,214)
Shareholders' funds(8,403)49,692
The financial statements were approved and authorised for issue by the Board of Directors on 23 May 2025, and are signed on its behalf by:
HARROW, Bevan Thomas
Director
WALKER, Thomas Kenneth Reginald
Director

Registered Company No. 08720732
SHAVEKIT LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Research and development
All research costs are expensed. Costs related to the development of products are capitalised when they meet the criteria stated in FRS 102, Section 18 Intangible assets other than Goodwill. All other development expenditure is recognised as an expense in the period in which it is incurred.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year44
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 January 241,4661,466
At 31 December 241,4661,466
Amortisation and impairment
At 01 January 24738738
Charge for year7474
At 31 December 24812812
Net book value
At 31 December 24654654
At 31 December 23728728
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 2416,48716,487
Additions349349
At 31 December 2416,83616,836
Depreciation and impairment
At 01 January 2411,61711,617
Charge for year1,9261,926
At 31 December 2413,54313,543
Net book value
At 31 December 243,2933,293
At 31 December 234,8704,870
5.Stocks

2024

2023

££
Raw materials and consumables126,697143,735
Total126,697143,735
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables6-
Amounts owed by associates and joint ventures / participating interests6,0397,749
Other debtors4,9006,900
Prepayments and accrued income21,76114,368
Total32,70629,017
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables63,32885,526
Bank borrowings and overdrafts179-
Taxation and social security34,79239,091
Other creditors114,427113,343
Accrued liabilities and deferred income3,8724,139
Total216,598242,099
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts19,16729,167
Total19,16729,167