Company No: 02122973 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	92,943		110,185
		92,943		110,185
Current assets
Stocks		350		300
Debtors	5	27,198		14,651
Cash at bank and in hand		24,216		21,403
		51,764		36,354
Creditors: amounts falling due within one year	6	( 39,916)		( 47,652)
Net current assets/(liabilities)		11,848		(11,298)
Total assets less current liabilities		104,791		98,887
Creditors: amounts falling due after more than one year	7	( 16,370)		( 23,386)
Provision for liabilities		( 5,520)		( 2,262)
Net assets		82,901		73,239
Capital and reserves
Called-up share capital	8	2		2
Profit and loss account		82,899		73,237
Total shareholders' funds		82,901		73,239

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of W Shipsey and Sons Limited (registered number: 02122973) were approved and authorised for issue by the Board of Directors on 17 September 2025. They were signed on its behalf by:

T J W Shipsey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

W Shipsey and Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
1 Meadow View Coombe Farm
Stratford Tony Road
Coombe Bissett
Salisbury
Wiltshire
SP5 4JY

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for catering and equipment hire services provided under contracts with customers to the extent that there is a right to consideration. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity. Where a service is incomplete at the year end, turnover represents the value of services provided to that date based on an appropriate proportion of the total expected consideration at completion. Where consideration is received in advance this is categorised as a creditor until the revenue is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Office equipment	15 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficientassets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		10

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 February 2024	35,000		35,000
At 31 January 2025	35,000		35,000
Accumulated amortisation
At 01 February 2024	35,000		35,000
At 31 January 2025	35,000		35,000
Net book value
At 31 January 2025	0		0
At 31 January 2024	0		0

4. Tangible assets

	Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£
Cost
At 01 February 2024	349,710		89,198		8,642		447,550
Additions	1,915		0		0		1,915
At 31 January 2025	351,625		89,198		8,642		449,465
Accumulated depreciation
At 01 February 2024	264,332		65,738		7,295		337,365
Charge for the financial year	13,090		5,865		202		19,157
At 31 January 2025	277,422		71,603		7,497		356,522
Net book value
At 31 January 2025	74,203		17,595		1,145		92,943
At 31 January 2024	85,378		23,460		1,347		110,185

5. Debtors

	2025		2024
	£		£
Trade debtors	7,898		6,043
Amounts owed by directors	12,678		0
Prepayments	6,622		8,608
	27,198		14,651

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	8,909		7,288
Other taxation and social security	11,526		8,746
Obligations under finance leases and hire purchase contracts	7,016		7,016
Other creditors	12,465		24,602
	39,916		47,652

7. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	16,370		23,386

There are no amounts included above in respect of which any security has been given by the small entity.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 0.01 each	2		2

9. Related Party Transactions

J Shipsey

	2025		2024
	£		£
Brought forward	0		0
Advanced to directors	3,911		0
Repayment by directors	0		0
	3,911		0

T Shipsey

	2025		2024
	£		£
Brought forward	0		0
Advanced to directors	8,767		0
Repayment by directors	0		0
	8,767		0

The loan is unsecured and repayable on demand.