REGISTERED NUMBER: 09974269 (England and Wales)

SHAWS RECOVERY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

29 FEBRUARY 2024 TO 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Miss P E Shaw

S T Shaw

SECRETARY:

Miss P E Shaw

REGISTERED OFFICE:

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

REGISTERED NUMBER:

09974269 (England and Wales)

ACCOUNTANTS:

Miller & Co

Chartered Accountants

5 Imperial Court

Laporte Way

Luton

Bedfordshire

LU4 8FE

FIXED ASSETS

Tangible assets

5

337,551

155,853

CURRENT ASSETS

Debtors

6

145,613

152,970

Cash at bank and in hand

419

79,187

146,032

232,157

CREDITORS

Amounts falling due within one year

7

97,906

121,285

NET CURRENT ASSETS

48,126

110,872

TOTAL ASSETS LESS CURRENT LIABILITIES

385,677

266,725

CREDITORS

Amounts falling due after more than one year

8

(155,857

)

(13,280

)

PROVISIONS FOR LIABILITIES

(107,228

)

(31,240

)

NET ASSETS

122,592

222,205

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

122,492

222,105

SHAREHOLDERS' FUNDS

122,592

222,205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Miss P E Shaw - Director

S T Shaw - Director

1.	STATUTORY INFORMATION

Shaws Recovery 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.

The presentation currency of the financial statement is the Pound Sterling, rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The Company year end has been changed to 31 March 2025 in order to be coterminous with the year end of the Shaw Bros. partnership. The 2024 comparatives included in the accounts cover 12 months whilst the 2025 figures include 13 months. For this reason the comparatives may not be entirely comparable.

Income recognition

Income is recognised when goods/services have been delivered to customers such that the risks and rewards of ownership have transferred to them.

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 etc

-

25% on reducing balance

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset. substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2024 - 9 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 29 February 2024

12,130

2,848

494,910

509,888

Additions

-

692

295,098

295,790

At 31 March 2025

12,130

3,540

790,008

805,678

DEPRECIATION

At 29 February 2024

10,204

1,617

342,214

354,035

Charge for period

673

504

112,915

114,092

At 31 March 2025

10,877

2,121

455,129

468,127

NET BOOK VALUE

At 31 March 2025

1,253

1,419

334,879

337,551

At 28 February 2024

1,926

1,231

152,696

155,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,993

81,662

Other debtors

20,551

70,946

Tax

21,922

-

VAT

29,810

-

Prepayments and accrued income

337

362

145,613

152,970

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

37,120

10,000

Hire purchase contracts

43,740

-

Trade creditors

9,013

20,520

Taxation and social security

-

44,801

Other creditors

8,033

45,964

97,906

121,285

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

23,000

-

Hire purchase contracts

130,620

-

Other creditors

2,237

13,280

155,857

13,280

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	RELATED PARTY DISCLOSURES

Other Debtors include £20,000 due from Shaw Bros (2024 Other debtors include £70,946 due from Shaw Bros). Interest at beneficial loan rate has been charged on the debt. The loan was repaid after the year end. The Directors of the Company are also partners in Shaw Bros.

The company operates a loan account with the directors which is interest free and repayable on demand. At 31 March 2025 £4,110 (2024 £43,278) was owed to the directors and this is included in other creditors.

Rental of £26,000 (2024 £2000) has been paid to one of the directors and her brother for the use of land owned by them and used by the business. Rent of £44,000 has been paid to Shaw Bros for the use of land and offices owned by the partnership and used by the business. The rental has been set at the market rate.