REGISTERED NUMBER: 02860430 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

Shared Approach Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Pearson

Mrs V J Wherry

Mr R T Pearson

Mrs N Dearden

REGISTERED OFFICE:

Unit 2

Creamery Estate

Barnacre

Preston

Lancashire

PR3 1GD

REGISTERED NUMBER:

02860430 (England and Wales)

ACCOUNTANTS:

Towers + Gornall Ltd

Chartered Certified Accountants

River View

96 High Street

Garstang

Preston

Lancashire

PR3 1WZ

FIXED ASSETS

Property, plant and equipment

4

1,423,834

1,040,531

CURRENT ASSETS

Debtors

5

293,865

740,204

Cash at bank and in hand

473,770

506,319

767,635

1,246,523

CREDITORS

Amounts falling due within one year

6

564,789

691,839

NET CURRENT ASSETS

202,846

554,684

TOTAL ASSETS LESS CURRENT LIABILITIES

1,626,680

1,595,215

CREDITORS

Amounts falling due after more than one year

7

(61,066

)

(89,193

)

PROVISIONS FOR LIABILITIES

(3,757

)

(4,069

)

NET ASSETS

1,561,857

1,501,953

RESERVES

Income and expenditure account

1,561,857

1,501,953

1,561,857

1,501,953

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 surplus or deficit 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 19 May 2026 and were signed on its behalf by:

Mrs V J Wherry - Director

1.	STATUTORY INFORMATION

Shared Approach Limited is a private company, limited by guarantee , 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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit 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.

Compliance with accounting standards

The financial statements are prepared in accordance with applicable accounting standards.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 109 (2025 - 119 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

Long

Plant and

and

property

leasehold

machinery

fittings

Totals

£

£

£

£

£

COST

At 1 April 2025

941,969

405,837

85,539

59,020

1,492,365

Additions

416,450

-

1,996

-

418,446

At 31 March 2026

1,358,419

405,837

87,535

59,020

1,910,811

DEPRECIATION

At 1 April 2025

194,409

122,118

76,287

59,020

451,834

Charge for year

23,350

8,117

3,676

-

35,143

At 31 March 2026

217,759

130,235

79,963

59,020

486,977

NET BOOK VALUE

At 31 March 2026

1,140,660

275,602

7,572

-

1,423,834

At 31 March 2025

747,560

283,719

9,252

-

1,040,531

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

279,490

719,283

Other debtors

3,769

10,426

Prepayments and accrued income

10,606

10,495

293,865

740,204

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

24,947

34,269

Trade creditors

1,728

3,637

Corporation tax

28,321

36,323

Social security and other taxes

83,992

93,820

Other deductions creditor

12,229

25,086

Held on behalf of residents

147,843

241,506

Other creditors

7,000

5,165

Accruals and deferred income

258,729

252,033

564,789

691,839

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

20,550

27,709

Bank loans - 2-5 years

40,516

61,484

61,066

89,193