REGISTERED NUMBER: 04958466 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

M J Shapcott & Co Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Shapcott FCA

Mrs K F Shapcott FCA

SECRETARY:

Mrs J D Shapcott

REGISTERED OFFICE:

Charter House

Wyvern Court, Stanier Way

Wyvern Business Park

Derby

DE21 6BF

REGISTERED NUMBER:

04958466 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

41,204

39,632

41,204

39,632

CURRENT ASSETS

Stocks

131,057

167,671

Debtors

6

55,572

25,800

Prepayments and accrued income

30,611

35,555

Cash at bank and in hand

119,457

136,357

336,697

365,383

CREDITORS

Amounts falling due within one year

7

180,654

210,474

NET CURRENT ASSETS

156,043

154,909

TOTAL ASSETS LESS CURRENT LIABILITIES

197,247

194,541

CREDITORS

Amounts falling due after more than one year

8

(5,012

)

(15,131

)

PROVISIONS FOR LIABILITIES

(10,919

)

(9,908

)

ACCRUALS AND DEFERRED INCOME

(1,946

)

-

NET ASSETS

179,370

169,502

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

178,970

169,102

SHAREHOLDERS' FUNDS

179,370

169,502

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2026 and were signed on its behalf by:

Mrs K F Shapcott FCA - Director

1.	STATUTORY INFORMATION

M J Shapcott & Co Ltd 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 statements is the Pound Sterling (£).

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.

Turnover

Turnover represents net invoiced sales of services derived from ordinary activities, excluding value added tax, adjusted for work in progress at sales value.

Practice acquisition

Practice Acquisition, being the amount paid in connection with the acquisition of the business in 2003, is being amortised evenly over its estimated useful life of 20 years.

Website

The Website is being amortised over 5 years being its estimated useful life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office Equipment

-

20% on cost and 20% on reducing balance

Fixtures and fittings

-

10% on cost and 10% on reducing balance

Computer equipment

-

33% on cost and 25% on reducing balance

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Work in Progress is valued at sales value less irrecoverable amounts.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Practice

Acquisition

Website

Totals

£

£

£

COST

At 1 May 2024

and 30 April 2025

433,374

11,473

444,847

AMORTISATION

At 1 May 2024

and 30 April 2025

433,374

11,473

444,847

NET BOOK VALUE

At 30 April 2025

-

-

-

At 30 April 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Office

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1 May 2024

3,153

58,880

63,404

125,437

Additions

3,452

-

10,766

14,218

Disposals

(441

)

-

(11,336

)

(11,777

)

At 30 April 2025

6,164

58,880

62,834

127,878

DEPRECIATION

At 1 May 2024

2,076

46,471

37,258

85,805

Charge for year

235

3,953

6,807

10,995

Eliminated on disposal

(441

)

-

(9,685

)

(10,126

)

At 30 April 2025

1,870

50,424

34,380

86,674

NET BOOK VALUE

At 30 April 2025

4,294

8,456

28,454

41,204

At 30 April 2024

1,077

12,409

26,146

39,632

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,777

25,605

Other debtors

44,795

195

55,572

25,800

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,648

12,105

Trade creditors

21,613

24,570

Taxation and social security

103,465

93,057

Other creditors

44,928

80,742

180,654

210,474

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,012

15,131