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REGISTERED NUMBER: 10833061 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

HENLEY CHARLES (HANDSWORTHWOOD) LIMITED

HENLEY CHARLES (HANDSWORTHWOOD) LIMITED (REGISTERED NUMBER: 10833061)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HENLEY CHARLES (HANDSWORTHWOOD) LIMITED

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Gurjinder Singh Atwal
Ranjit Singh Dhanda
Rajvinder Singh Pannu





REGISTERED OFFICE: 306 Rookery Road
Handsworth
Birmingham
West Midlands
B21 9QG





REGISTERED NUMBER: 10833061 (England and Wales)





ACCOUNTANTS: Brindleys Limited
2 Wheeleys Road
Edgbaston
Birmingham
West Midlands
B15 2LD

HENLEY CHARLES (HANDSWORTHWOOD) LIMITED (REGISTERED NUMBER: 10833061)

Statement of Financial Position
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,178 1,386

CURRENT ASSETS
Stocks 5 8,366 8,430
Debtors 6 16,055 21,030
Cash at bank 14,248 9,521
38,669 38,981
CREDITORS
Amounts falling due within one year 7 49,069 47,096
NET CURRENT LIABILITIES (10,400 ) (8,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(9,222

)

(6,729

)

CAPITAL AND RESERVES
Called up share capital 9 3 3
Retained earnings 10 (9,225 ) (6,732 )
SHAREHOLDERS' FUNDS (9,222 ) (6,729 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

HENLEY CHARLES (HANDSWORTHWOOD) LIMITED (REGISTERED NUMBER: 10833061)

Statement of Financial Position - continued
28 February 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:





Ranjit Singh Dhanda - Director


HENLEY CHARLES (HANDSWORTHWOOD) LIMITED (REGISTERED NUMBER: 10833061)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Henley Charles (Handsworthwood) 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 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
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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

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.

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.

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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

HENLEY CHARLES (HANDSWORTHWOOD) LIMITED (REGISTERED NUMBER: 10833061)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2022
and 28 February 2023 1,631
DEPRECIATION
At 1 March 2022 245
Charge for year 208
At 28 February 2023 453
NET BOOK VALUE
At 28 February 2023 1,178
At 28 February 2022 1,386

5. STOCKS
2023 2022
£    £   
Work-in-progress 8,366 8,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,000 2,300
Other debtors 11,506 16,701
Deferred tax asset 2,549 2,029
16,055 21,030

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation Tax 180 356
Social security and other taxes 492 2,894
Other creditors 6,158 -
Directors' current accounts 39,292 39,292
Accrued expenses 2,947 4,554
49,069 47,096

HENLEY CHARLES (HANDSWORTHWOOD) LIMITED (REGISTERED NUMBER: 10833061)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

8. DEFERRED TAX
£   
Balance at 1 March 2022 (2,029 )
Provided during year (520 )
Balance at 28 February 2023 (2,549 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A 1 1 1
1 Ordinary B 1 1 1
1 Ordinary C 1 1 1
3 3

10. RESERVES
Retained
earnings
£   

At 1 March 2022 (6,732 )
Deficit for the year (2,493 )
At 28 February 2023 (9,225 )