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REGISTERED NUMBER: 01028244 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2018

for

K. SHAW AND SONS LIMITED

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JULY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K. SHAW AND SONS LIMITED

Company Information
FOR THE YEAR ENDED 31 JULY 2018







DIRECTORS: K Shaw
A Shaw
Miss T Shaw



SECRETARY: Miss T Shaw



REGISTERED OFFICE: Fairway House
Links Business Park
St Mellons
Cardiff
CF3 OLT



REGISTERED NUMBER: 01028244 (England and Wales)



ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 OLT



BANKERS: Barclays Bank Plc
1st Floor
3 Hardman Street
Spinningfields
Manchester
M3 3HF



SOLICITORS: Kippax Beaumont Lewis
28 Mawdsley Street
Bolton
BL1 1LF

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Balance Sheet
31 JULY 2018

2018 2017
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,831,938 1,798,621

CURRENT ASSETS
Stocks 36,505 37,292
Debtors 5 77,438 63,118
Cash at bank and in hand 1,437,540 1,308,565
1,551,483 1,408,975
CREDITORS
Amounts falling due within one year 6 (1,229,455 ) (1,236,177 )
NET CURRENT ASSETS 322,028 172,798
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,153,966

1,971,419

PROVISIONS FOR LIABILITIES (30,001 ) (22,036 )
NET ASSETS 2,123,965 1,949,383

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 2,123,865 1,949,283
SHAREHOLDERS' FUNDS 2,123,965 1,949,383

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2018 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.

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Balance Sheet - continued
31 JULY 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 3 April 2019 and were signed
on its behalf by:




K Shaw - Director



A Shaw - Director


K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JULY 2018

1. STATUTORY INFORMATION

K. Shaw and Sons Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover
Turnover 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.
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

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 profit or loss on a straight line basis over
the period of the lease.

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2017 - 41 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to Plant and and
property property machinery fittings Totals
£    £    £    £    £   
COST
At 1 August 2017 972,406 676,844 37,518 396,681 2,083,449
Additions - 5,000 18,730 62,226 85,956
Disposals - - (10,108 ) - (10,108 )
At 31 July 2018 972,406 681,844 46,140 458,907 2,159,297
DEPRECIATION
At 1 August 2017 - - 22,145 262,683 284,828
Charge for year - - 5,794 41,278 47,072
Eliminated on disposal - - (4,541 ) - (4,541 )
At 31 July 2018 - - 23,398 303,961 327,359
NET BOOK VALUE
At 31 July 2018 972,406 681,844 22,742 154,946 1,831,938
At 31 July 2017 972,406 676,844 15,373 133,998 1,798,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 14,246 4,988
Prepayments 63,192 58,130
77,438 63,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Hire purchase contracts 10,228 -
Trade creditors 86,310 88,019
Tax 32,523 64,440
Social security and other taxes 71,232 64,169
Other creditors 4,695 3,873
Due to related companies 963,559 938,674
Directors' current accounts - 15,899
Accrued expenses 60,908 61,103
1,229,455 1,236,177

K. SHAW AND SONS LIMITED (REGISTERED NUMBER: 01028244)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JULY 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The loans are interest free and repayable upon demand.


7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 August 2017 1,949,283
Profit for the year 174,582
At 31 July 2018 2,123,865

9. RELATED PARTY DISCLOSURES

Mr A Shaw, Mr K Shaw and Miss T Shaw are directors in Summit Leisure (Deansgate)
Limited, Summit Leisure (Swinton) Limited, Summit Leisure (Market Street) Limited and
Summit Leisure (KC) Limited. As at 31 July 2018 the company owed Summit Leisure
(Deansgate) Limited £941,339 (2017 - £936,454) and owed Summit Leisure (Swinton)
Limited £22,220 (2017 - £2,220).

As at 31 July 2018 the company was owed from Summit Leisure (KC) Limited £4,988 (2017
- £4,988) and was owed from Summit Leisure (Market Street) Limited £9,258 (2017 - nil).