Company Registration No. 12389996 (England and Wales)
SHAW & CO ADVISORY LTD
Unaudited accounts
for the year ended 31 March 2025
SHAW & CO ADVISORY LTD
Unaudited accounts
Contents
SHAW & CO ADVISORY LTD
Company Information
for the year ended 31 March 2025
Company Number
12389996 (England and Wales)
Registered Office
GENERATOR BUILDING
COUNTERSLIP
BRISTOL
BS1 6BX
ENGLAND
Accountants
Virtual CFO Limited
118 Watermoor Point
Watermoor Road
Cirencester
GL7 1LF
SHAW & CO ADVISORY LTD
Statement of financial position
as at 31 March 2025
Intangible assets
394,395
477,425
Tangible assets
13,374
14,595
Cash at bank and in hand
75,730
23,838
Creditors: amounts falling due within one year
(2,161,119)
(456,763)
Net current (liabilities)/assets
(260,371)
317,688
Total assets less current liabilities
147,398
809,708
Creditors: amounts falling due after more than one year
-
(1,372,587)
Net assets/(liabilities)
147,398
(562,879)
Called up share capital
901
901
Share premium
264,267
264,267
Profit and loss account
(117,770)
(828,047)
Shareholders' funds
147,398
(562,879)
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
J Shaw
Director
Company Registration No. 12389996
SHAW & CO ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2025
SHAW & CO ADVISORY LTD is a private company, limited by shares, registered in England and Wales, registration number 12389996. The registered office is GENERATOR BUILDING, COUNTERSLIP, BRISTOL, BS1 6BX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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 £.
The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present
information about the Company as an individual entity and not about its group.
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Statement of Financial Position date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Statement of Financial Position date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
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 Statement of Financial Position date.
SHAW & CO ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2025
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible fixed assets and depreciation
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 straight-line basis over its expected useful life, as follows:
Land & buildings
4 years straight line
Fixtures & fittings
4 years straight line
Computer equipment
4 years straight line
IIntangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at rates calculated to write off the cost, less the estimated residual value of each asset on a straight-line basis over its expected useful life, as follows:
Goodwill: 10 years straight line
Computer software : 3 years straight line
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life of 10 years.
Other intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
SHAW & CO ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2025
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such
cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
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 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 Statement of Financial Position 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.
4
Intangible fixed assets
Goodwill
Charge for the year
83,030
SHAW & CO ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2025
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
15,653
1,353
10,121
27,127
Disposals
(4,075)
-
(7,648)
(11,723)
At 31 March 2025
11,578
1,353
2,473
15,404
At 1 April 2024
5,830
359
6,343
12,532
Charge for the year
806
338
77
1,221
On disposals
(4,076)
-
(7,647)
(11,723)
At 31 March 2025
2,560
697
(1,227)
2,030
At 31 March 2025
9,018
656
3,700
13,374
At 31 March 2024
9,823
994
3,778
14,595
Amounts falling due within one year
Trade debtors
34,012
39,777
Amounts due from group undertakings etc.
69,133
-
Accrued income and prepayments
875,857
212,318
Other debtors
817,572
448,272
Amounts falling due after more than one year
Other debtors
28,444
50,246
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
11,240
10,000
Trade creditors
62,229
16,693
Taxes and social security
359,461
297,395
Other creditors
311,262
12,777
Loans from directors
1,384,155
-
8
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
-
1,360,959
SHAW & CO ADVISORY LTD
Notes to the Accounts
for the year ended 31 March 2025
The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.
10
Transactions with related parties
At the end of the period, the company owed a director £1,360,959 (2024: £1,360,959). Non-Compounding interest was accrued and paid at a rate of 10%. The loan is secured by way of a debenture over the assets of Shaw & Co Advisory Limited and Shaw & Co Group Limited.
At the end of the period, another director owed the company £598,252 (2024: £335,251). The loan is charging interest at the official rate, currently 2.25%, and is repayable on demand.
The company has taken advantage of the exemption available under FRS102 SaA.C.35 to not disclose transactions with other entities within a wholly owned group.
11
Average number of employees
During the year the average number of employees was 15 (2024: 10).