I.T. Shaw Limited 30/09/2025 iXBRL

Company registration number: 2971577

I.T. Shaw Limited

Unaudited filleted financial statements

30 September 2025

I.T. Shaw Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

I.T. Shaw Limited

Directors and other information


Directors	Mr A J Grayston	(Resigned 17 October 2025)
	Mr C W Lomas


Company number	2971577


Registered office	Low Mill Business Park
	Ulverston
	Cumbria
	LA12 9EE


Business address	Low Mill Business Park
	Ulverston
	Cumbria
	LA12 9EE


Accountants	Turner and Brown Limited
	105 Garstang Road
	Preston
	Lancashire
	PR1 1LD

I.T. Shaw Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of I.T. Shaw Limited

Year ended 30 September 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of I.T. Shaw Limited for the year ended 30 September 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the board of directors of I.T. Shaw Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of I.T. Shaw Limited and state those matters that we have agreed to state to the board of directors of I.T. Shaw Limited as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I.T. Shaw Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that I.T. Shaw Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I.T. Shaw Limited. You consider that I.T. Shaw Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of I.T. Shaw Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Turner and Brown Limited

Chartered Accountants

105 Garstang Road

Preston

Lancashire

PR1 1LD

I.T. Shaw Limited

Statement of financial position

30 September 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	-		-
Tangible assets	6	90,760		74,565
		_______		_______
			90,760		74,565

Current assets
Debtors	7	2,049,731		2,022,817
Cash at bank and in hand		142,585		36,716
		_______		_______
		2,192,316		2,059,533
Creditors: amounts falling due
within one year	8	( 314,036)		( 393,921)
		_______		_______
Net current assets			1,878,280		1,665,612
			_______		_______
Total assets less current liabilities			1,969,040		1,740,177

Creditors: amounts falling due
after more than one year	9		( 27,188)		( 11,516)

Provisions for liabilities			( 22,690)		( 18,641)

			_______		_______
Net assets			1,919,162		1,710,020
			_______		_______

Capital and reserves
Called up share capital			2		2
Profit and loss account			1,919,160		1,710,018
			_______		_______
Shareholders funds			1,919,162		1,710,020
			_______		_______

For the year ending 30 September 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.

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.

These financial statements were approved by the board of directors and authorised for issue on 21 November 2025 , and are signed on behalf of the board by:

Mr C W Lomas

Director

Company registration number: 2971577

I.T. Shaw Limited

Notes to the financial statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Low Mill Business Park, Ulverston, Cumbria, LA12 9EE.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

Despite the accounts showing a small loss for the year the company has undergone significant changes with the plant hire arm of the business being ceased while the contracting side has been maintained. Going in to the next accounting period the company is set to show healthy profits and anticipates no significant issues affecting its ability to trade and as a result the directors have deemed it appropriate that the accounts be completed on a going concern basis.

Turnover

Turnover is measured at the fair value of consideration receivable for goods supplied and services rendered net of discounts and Value Added Tax. Income from hire of equipment is recorded over the period of hire. Any income relating to construction contracts is recorded as the services are performed in relation to the stage of completion of the work, so far as this can be reliably measured. Any partially completed works at the reporting date which are to be invoiced after the reporting date have the proportion of the work completed recorded as accrued income and is included as a debtor within the accounts. Materials supplied as part of any construction contract also have the income recorded on the same basis (by stage of completion).

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Amortisation

The goodwill held by the company had been fully amortised at the reporting date and so no further adjustments were required.


Goodwill	-	10 %	straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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	-	20 %	reducing balance
Fittings fixtures and equipment	-	33.3 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

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

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 October 2024 and 30 September 2025	146,000	146,000
	_______	_______
Amortisation
At 1 October 2024 and 30 September 2025	146,000	146,000
	_______	_______
Carrying amount
At 30 September 2025	-	-
	_______	_______
At 30 September 2024	-	-
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2024	87,760	709	62,898	151,367
Additions	-	208	36,000	36,208
Disposals	( 2,651)	-	( 18,301)	( 20,952)
	_______	_______	_______	_______
At 30 September 2025	85,109	917	80,597	166,623
	_______	_______	_______	_______
Depreciation
At 1 October 2024	45,268	524	31,011	76,803
Charge for the year	6,374	79	8,603	15,056
Disposals	( 2,244)	-	( 13,752)	( 15,996)
	_______	_______	_______	_______
At 30 September 2025	49,398	603	25,862	75,863
	_______	_______	_______	_______
Carrying amount
At 30 September 2025	35,711	314	54,735	90,760
	_______	_______	_______	_______
At 30 September 2024	42,492	185	31,887	74,564
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	139,546	136,576
Amounts owed by group undertakings	1,886,446	1,884,732
Other debtors	23,739	1,509
	_______	_______
	2,049,731	2,022,817
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	15,815	-
Trade creditors	84,320	43,969
Social security and other taxes	128,554	272,437
Other creditors	85,347	77,515
	_______	_______
	314,036	393,921
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	27,188	11,516
	_______	_______