Shanleys Limited,Ltd - AccountsLtd - Accounts

Shanleys Limited,Ltd - AccountsLtd - Accounts

SHANLEYS LIMITED - Company Information

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2020-10-01 01225866 2021-09-30 01225866 2020-10-01 2021-09-30 01225866 2020-09-30 01225866 2019-10-01 2020-09-30 01225866 uk-core:WithinOneYear 2020-09-30 01225866 uk-core:WithinOneYear 2021-09-30 01225866 uk-core:AfterOneYear 2020-09-30 01225866 uk-core:AfterOneYear 2021-09-30 01225866 uk-core:ShareCapital 2021-09-30 01225866 uk-core:ShareCapital 2020-09-30 01225866 uk-core:RetainedEarningsAccumulatedLosses 2021-09-30 01225866 uk-core:RetainedEarningsAccumulatedLosses 2020-09-30 01225866 uk-bus:Director1 2020-10-01 2021-09-30 01225866 uk-core:Buildings 2020-10-01 2021-09-30 01225866 uk-core:PlantMachinery 2020-10-01 2021-09-30 01225866 uk-core:ToolsEquipment 2020-10-01 2021-09-30 01225866 uk-core:MotorCars 2020-10-01 2021-09-30 01225866 uk-core:FurnitureFittings 2020-10-01 2021-09-30 01225866 uk-core:FurnitureFittings 2020-09-30 01225866 uk-core:MotorCars 2020-09-30 01225866 uk-core:PlantMachinery 2020-09-30 01225866 uk-core:Buildings 2020-09-30 01225866 uk-core:PlantMachinery 2021-09-30 01225866 uk-core:MotorCars 2021-09-30 01225866 uk-core:FurnitureFittings 2021-09-30 01225866 uk-core:Buildings 2021-09-30 01225866 uk-core:WithinOneYear uk-core:Secured 2021-09-30 01225866 uk-core:WithinOneYear uk-core:Secured 2020-09-30 01225866 uk-core:AfterOneYear uk-core:Secured 2021-09-30 01225866 uk-core:AfterOneYear uk-core:Secured 2020-09-30 iso4217:GBP xbrli:pure 01225866 uk-bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 01225866 uk-bus:FRS102 2020-10-01 2021-09-30 01225866 uk-bus:FullAccounts 2020-10-01 2021-09-30 01225866 uk-bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30
Shanleys Limited
Registered Number:01225866
For the year ended 30 September 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 30 September 2021
Shanleys Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
01225866
As at 30 September 2021
Shanleys Limited
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
318,986
409,780
2
318,986
409,780
Current assets
Inventories
3,839
3,650
3
Trade and other receivables
258,179
320,173
4
2,601
Cash and cash equivalents
14,686
338,509
264,619
Trade and other payables: amounts falling due within one
year
(190,690)
(260,875)
5
73,929
77,634
Net current assets
Total assets less current liabilities
396,620
483,709
Trade and other payables: amounts falling due after more
than one year
(50,000)
(37,367)
6
(53,198)
(69,975)
Provisions for liabilities
306,055
Net assets
363,734
Capital and reserves
Called up share capital
30,000
30,000
Retained earnings
276,055
333,734
306,055
363,734
Shareholders' funds
For the year ended 30 September 2021 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 of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
J A Cropper Director
These financial statements were approved and authorised for issue by the Board on 28 June 2022 and were signed by:
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4
Registered Number :
01225866
For the year ended 30 September 2021
Shanleys Limited
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 30 September 2021
Shanleys Limited
Notes to the Financial Statements
Statutory Information
Shanleys Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
01225866.
Registered address:
Units 38-39
Britannia Way
Bolton
Lancashire
BL2 2HH
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
10 years Straight line
Plant and machinery
13 years Straight line
3 or 7 years Straight line
Computer equipment
4 years Reducing balance
Motor vehicles
5 years Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 30 September 2021
Shanleys Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or
valuation
At 01 October 2020
2,070,231
44,681
10,500
1,670,734
344,316
At 30 September 2021
1,670,734
10,500
44,681
2,070,231
344,316
Provision for depreciation and impairment
At 01 October 2020
1,660,451
40,091
7,315
1,269,215
343,830
Charge for year
90,794
915
796
88,776
307
At 30 September 2021
1,751,245
41,006
8,111
1,357,991
344,137
At 30 September 2021
Net book value
179
312,743
2,389
3,675
318,986
At 30 September 2020
486
401,519
3,185
4,590
409,780
3. Inventories
2020
2021
£
£
Stocks
3,650
3,839
4. Trade and other receivables
2020
2021
£
£
Trade debtors
229,502
204,407
Other debtors
90,671
53,772
258,179
320,173
5. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Bank loans and overdraft (secured)
9,475
-
Trade creditors
144,269
90,967
Taxation and social security
80,289
71,801
Other creditors
26,842
27,922
260,875
190,690
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7
For the year ended 30 September 2021
Shanleys Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2020
2021
£
£
Bank loans and overdraft
37,367
50,000
7. Average number of persons employed
During the year the average number of employees was 11 (2020 : 12)
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