Shaw Pallet (Holdings) Limited - Accounts to registrar (filleted) - small 18.2
Shaw Pallet (Holdings) Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Shaw Pallet (Holdings) Limited |
Financial Statements |
for the Year Ended 31 March 2021 |
Shaw Pallet (Holdings) Limited (Registered number: 06272041) |
Contents of the Financial Statements |
for the year ended 31 March 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Shaw Pallet (Holdings) Limited |
Company Information |
for the year ended 31 March 2021 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants & Statutory Auditor |
33 George Street |
Wakefield |
West Yorkshire |
WF1 1LX |
BANKERS: |
8 Market Place |
Huddersfield |
HD1 2AN |
Shaw Pallet (Holdings) Limited (Registered number: 06272041) |
Balance Sheet |
31 March 2021 |
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
Shaw Pallet (Holdings) Limited (Registered number: 06272041) |
Notes to the Financial Statements |
for the year ended 31 March 2021 |
1. | STATUTORY INFORMATION |
Shaw Pallet (Holdings) Limited is a |
The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold land and buildings | - |
Plant and machinery | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost less any provision for impairment. |
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. |
Operating lease agreements |
Where the company retains substantially all the risks and rewards of ownership of the asset subject to the lease, as lessor, the asset is shown within fixed assets and is depreciated over its useful life. Rental income from these operating leases is recognised on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
Shaw Pallet (Holdings) Limited (Registered number: 06272041) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
4. | TANGIBLE FIXED ASSETS |
Freehold |
land and | Plant and |
buildings | machinery | Totals |
£ | £ | £ |
COST |
At 1 April 2020 |
and 31 March 2021 |
DEPRECIATION |
At 1 April 2020 |
Charge for year |
At 31 March 2021 |
NET BOOK VALUE |
At 31 March 2021 |
At 31 March 2020 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2020 |
and 31 March 2021 |
NET BOOK VALUE |
At 31 March 2021 |
At 31 March 2020 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Other loans (see note 7) |
Amounts owed to group undertakings |
Tax |
VAT | 5,460 | 5,460 |
Accruals and deferred income |
Shaw Pallet (Holdings) Limited (Registered number: 06272041) |
Notes to the Financial Statements - continued |
for the year ended 31 March 2021 |
7. | LOANS |
An analysis of the maturity of loans is given below: |
2021 | 2020 |
£ | £ |
Amounts falling due within one year or on demand: |
Other loans |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
2021 | 2020 |
£ | £ |
Other loans |
The rate of interest on the loan was 3.2% above Bank of England base rate. The loan was repayable at a rate of £7,500 per month with the final instalment of £170,000 paid on 19 July 2020. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
Ordinary | £1 | 80 | 80 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | RELATED PARTY DISCLOSURES |
The company was under the control of the directors and shareholders throughout the current and the previous year. |
During the year, dividends of £105,600 (2020 - £105,600) were received from its subsidiary Shaw Pallet Limited. |