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REGISTERED NUMBER: 05743767 (England and Wales)















E J HERBERT & SON LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023






E J HERBERT & SON LIMITED (REGISTERED NUMBER: 05743767)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E J HERBERT & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: C E Herbert
J J Herbert





SECRETARY: C E Herbert





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 05743767 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

E J HERBERT & SON LIMITED (REGISTERED NUMBER: 05743767)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,913 10,070

CURRENT ASSETS
Stocks 20,787 16,520
Debtors 5 17,819 9,269
Cash at bank 51,940 51,193
90,546 76,982
CREDITORS
Amounts falling due within one year 6 47,498 50,506
NET CURRENT ASSETS 43,048 26,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,961

36,546

PROVISIONS FOR LIABILITIES 1,149 1,093
NET ASSETS 50,812 35,453

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 50,810 35,451
SHAREHOLDERS' FUNDS 50,812 35,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

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

E J HERBERT & SON LIMITED (REGISTERED NUMBER: 05743767)

BALANCE SHEET - continued
31ST MARCH 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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10th October 2023 and were signed on its behalf by:





J J Herbert - Director


E J HERBERT & SON LIMITED (REGISTERED NUMBER: 05743767)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

E J Herbert & Son 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% 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 Profit and Loss, 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.

E J HERBERT & SON LIMITED (REGISTERED NUMBER: 05743767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2022 4,318 25,828 16,500 46,646
Additions - 374 - 374
At 31st March 2023 4,318 26,202 16,500 47,020
DEPRECIATION
At 1st April 2022 - 25,296 11,280 36,576
Charge for year - 226 1,305 1,531
At 31st March 2023 - 25,522 12,585 38,107
NET BOOK VALUE
At 31st March 2023 4,318 680 3,915 8,913
At 31st March 2022 4,318 532 5,220 10,070

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,078 8,395
Prepayments 741 874
17,819 9,269

E J HERBERT & SON LIMITED (REGISTERED NUMBER: 05743767)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 12,755 13,541
Corporation Tax 17,677 22,953
Social security and other taxes 995 1,447
VAT 10,228 6,907
Other creditors 17 -
Directors' current accounts 3,330 2,808
Accruals and deferred income 2,496 2,850
47,498 50,506

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

8. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan creditor at the year end due to C E Herbert of £2,173 (2022- £1,743).

The company had an outstanding directors loan creditor at the year end due to J J Herbert of £1,156 (2022 - £1,065).