REGISTERED NUMBER: 01960390 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

JOHN SHAW LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S C Willis

J B Sykes

Mrs D M Sykes

REGISTERED OFFICE:

Holmes Hill

Whitesmith

Lewes

East Sussex

BN8 6JA

REGISTERED NUMBER:

01960390 (England and Wales)

ACCOUNTANTS:

Watson Associates (Professional Services) Ltd

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

1,600,796

1,521,102

Investments

5

100

-

1,600,896

1,521,102

CURRENT ASSETS

Stocks

2,260,373

2,661,357

Debtors

6

396,396

145,792

Cash at bank and in hand

799

11,019

2,657,568

2,818,168

CREDITORS

Amounts falling due within one year

7

(2,051,908

)

(2,139,663

)

NET CURRENT ASSETS

605,660

678,505

TOTAL ASSETS LESS CURRENT LIABILITIES

2,206,556

2,199,607

CREDITORS

Amounts falling due after more than one year

8

(34,142

)

(80,243

)

PROVISIONS FOR LIABILITIES

(45,940

)

(42,380

)

NET ASSETS

2,126,474

2,076,984

CAPITAL AND RESERVES

Called up share capital

11

6,139

6,139

Share premium

19,970

19,970

Revaluation reserve

12

409,963

409,963

Retained earnings

1,690,402

1,640,912

SHAREHOLDERS' FUNDS

2,126,474

2,076,984

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

J B Sykes ACA - Director

1.	STATUTORY INFORMATION

John Shaw 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.

Critical accounting judgements and key sources of estimation uncertainty

No significant judgements have had to be made by management in preparing these financial statements.

There were no key assumptions made concerning the future, and other key sources of estimation uncertainty at the reporting date, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Sales of new motorbikes are recognised to the profit and loss account on delivery of the motorbike. Deposits received in advance of the sale are held as a liability within the balance sheet.

Tangible fixed assets

Tangible fixed assets other than freehold property and land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery - 20% on a reducing balance basis.

Fixtures and equipment - 20% on a reducing balance basis.

Motor vehicles - 25% on a reducing balance basis.

No depreciation is charged on the freehold property because residual values are expected to exceed cost.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks and work in progress

Stock is valued at the lower of cost and net realisable value. A provision is made for old slow moving and obsolete stock of parts and likewise a write down is made on part exchanged vehicles which are sold on.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

1,319,404

152,027

467,660

147,853

2,086,944

Additions

68,004

690

50,127

-

118,821

At 31 December 2024

1,387,408

152,717

517,787

147,853

2,205,765

DEPRECIATION

At 1 January 2024

-

116,443

359,262

90,137

565,842

Charge for year

-

6,881

18,907

13,339

39,127

At 31 December 2024

-

123,324

378,169

103,476

604,969

NET BOOK VALUE

At 31 December 2024

1,387,408

29,393

139,618

44,377

1,600,796

At 31 December 2023

1,319,404

35,584

108,398

57,716

1,521,102

The 2014 valuation for land and buildings of £1.1m was taken as the deemed cost value on transition to FRS 102.

The historical cost of Freehold Property included above is £892,121 and the aggregate depreciation thereon would have been £68,450.

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

100

At 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

132,624

80,501

Amounts owed by group undertakings

206,293

-

Other debtors

57,479

65,291

396,396

145,792

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

207,966

190,881

Hire purchase contracts (see note 9)

6,101

5,534

Payments on account

125,807

115,411

Trade creditors

494,333

669,225

Taxation and social security

79,120

82,816

Other creditors

1,138,581

1,075,796

2,051,908

2,139,663

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

20,000

60,000

Hire purchase contracts (see note 9)

14,142

20,243

34,142

80,243

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024

2023

£

£

Net obligations repayable:

Within one year

6,101

5,534

Between one and five years

14,142

20,243

20,243

25,777

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

167,966

150,881

Hire purchase contracts

20,243

25,777

188,209

176,658

The overdraft is secured by way of floating charges over the assets of the company.

The hire purchase liability is secured on the asset that it relates to.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5,000

A Ordinary

£1

5,000

5,000

1,139

B Ordinary

£1

1,139

1,139

6,139

6,139

12.

RESERVES

Revaluation

reserve

£

At 1 January 2024

and 31 December 2024

409,963

13.	RELATED PARTY DISCLOSURES

During the year the company paid management fees totalling £nil (2023 - £17,000) to SHD Sussex LLP, the owner of the company.

At the year end the company owed £1,108,583 (2023 - £1,048,783) to a director.

At the year end the company was owed £206,293 by Superoak Limited, a wholly owned subsidiary.