F W Shaw & Son Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00436637

F W Shaw & Son Ltd

Filleted Unaudited Financial Statements

For the year ended

5 April 2025

F W Shaw & Son Ltd

Financial Statements

Year ended 5 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

F W Shaw & Son Ltd

Statement of Financial Position

5 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	7,870	7,870
Tangible assets	6	90,688	98,541
		--------	----------
		98,558	106,411

Current assets

Stocks		66,758	41,595
Debtors	7	307,604	276,723
Investments	8	1	1
Cash at bank and in hand		22,660	95,166
		----------	----------
		397,023	413,485

Creditors: amounts falling due within one year	9	69,686		50,080
		----------		----------
Net current assets			327,337		363,405
			----------		----------
Total assets less current liabilities			425,895		469,816
			----------		----------

Capital and reserves

Called up share capital	960	960
Profit and loss account	424,935	468,856
	----------	----------
Shareholders funds	425,895	469,816
	----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 5 April 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

F W Shaw & Son Ltd

Statement of Financial Position (continued)

5 April 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr J M Falkingham

Director

Company registration number: 00436637

F W Shaw & Son Ltd

Notes to the Financial Statements

Year ended 5 April 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is West End Farm, Yokefleet, Goole, East Yorkshire, DN14 7XY.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. (b) Going concern The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis. (c) Revenue recognition The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods. (d) Current & deferred tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. (e) Intangible assets Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	15% reducing balance

(h) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(i) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(j) Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

(k) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Intangible assets

	Entitlements
	£
Cost
At 6 April 2024 and 5 April 2025	7,870
	-------
Amortisation
At 6 April 2024 and 5 April 2025	–
	-------
Carrying amount
At 5 April 2025	7,870
	-------
At 5 April 2024	7,870
	-------

6. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 6 April 2024	316,625	316,625
Additions	8,150	8,150
	----------	----------
At 5 April 2025	324,775	324,775
	----------	----------
Depreciation
At 6 April 2024	218,084	218,084
Charge for the year	16,003	16,003
	----------	----------
At 5 April 2025	234,087	234,087
	----------	----------
Carrying amount
At 5 April 2025	90,688	90,688
	----------	----------
At 5 April 2024	98,541	98,541
	----------	----------

7. Debtors

	2025	2024
	£	£
Trade debtors	74,874	42,895
Corporation tax repayable	9,994	–
Directors loan account	222,736	233,828
	----------	----------
	307,604	276,723
	----------	----------

8. Investments

	2025	2024
	£	£
The Green Pea Company	1	1
	----	----

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	69,686	32,685
Corporation tax	–	17,395
	--------	--------
	69,686	50,080
	--------	--------

10. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs A Ross	( 1,848)	–	( 21)	( 1,869)
Mrs G M Falkingham	121,278	212,500	( 217,933)	115,845
Mr J M Falkingham	114,399	152,314	( 157,953)	108,760
	----------	----------	----------	----------
	233,829	364,814	( 375,907)	222,736
	----------	----------	----------	----------

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mrs A Ross	( 1,827)	–	( 21)	( 1,848)
Mrs G M Falkingham	30,395	162,986	( 72,104)	121,277
Mr J M Falkingham	23,682	162,842	( 72,125)	114,399
	--------	----------	----------	----------
	52,250	325,828	( 144,250)	233,828
	--------	----------	----------	----------

The company has charged interest to the directors on the advances made in 2024/25. The directors have repaid the advances in full within 9 months of the accounting year end date.