Silverfin false 31/03/2023 01/04/2022 31/03/2023 A W Cooper 01/10/2014 C Maple 13/05/2019 E Maple 13/05/2019 M Maple 19/01/2005 20 October 2023 The principal activity of the Company during the financial year was that of kitchen furniture. 05337255 2023-03-31 05337255 bus:Director1 2023-03-31 05337255 bus:Director2 2023-03-31 05337255 bus:Director3 2023-03-31 05337255 bus:Director4 2023-03-31 05337255 2022-03-31 05337255 core:CurrentFinancialInstruments 2023-03-31 05337255 core:CurrentFinancialInstruments 2022-03-31 05337255 core:ShareCapital 2023-03-31 05337255 core:ShareCapital 2022-03-31 05337255 core:CapitalRedemptionReserve 2023-03-31 05337255 core:CapitalRedemptionReserve 2022-03-31 05337255 core:RetainedEarningsAccumulatedLosses 2023-03-31 05337255 core:RetainedEarningsAccumulatedLosses 2022-03-31 05337255 core:PlantMachinery 2022-03-31 05337255 core:Vehicles 2022-03-31 05337255 core:OfficeEquipment 2022-03-31 05337255 core:PlantMachinery 2023-03-31 05337255 core:Vehicles 2023-03-31 05337255 core:OfficeEquipment 2023-03-31 05337255 2022-04-01 2023-03-31 05337255 bus:FullAccounts 2022-04-01 2023-03-31 05337255 bus:SmallEntities 2022-04-01 2023-03-31 05337255 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 05337255 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 05337255 bus:Director1 2022-04-01 2023-03-31 05337255 bus:Director2 2022-04-01 2023-03-31 05337255 bus:Director3 2022-04-01 2023-03-31 05337255 bus:Director4 2022-04-01 2023-03-31 05337255 core:PlantMachinery 2022-04-01 2023-03-31 05337255 core:Vehicles 2022-04-01 2023-03-31 05337255 core:OfficeEquipment 2022-04-01 2023-03-31 05337255 2021-04-01 2022-03-31 05337255 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 05337255 (England and Wales)

HOLTA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

HOLTA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

HOLTA LIMITED

BALANCE SHEET

As at 31 March 2023
HOLTA LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 58,653 79,469
58,653 79,469
Current assets
Stocks 4 35,400 35,400
Debtors 5 144,982 133,999
Cash at bank and in hand 59,293 51,019
239,675 220,418
Creditors: amounts falling due within one year 6 ( 126,976) ( 136,111)
Net current assets 112,699 84,307
Total assets less current liabilities 171,352 163,776
Provision for liabilities ( 14,663) ( 15,099)
Net assets 156,689 148,677
Capital and reserves
Called-up share capital 100 100
Capital redemption reserve 40 40
Profit and loss account 156,549 148,537
Total shareholders' funds 156,689 148,677

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Holta Limited (registered number: 05337255) were approved and authorised for issue by the Board of Directors on 20 October 2023. They were signed on its behalf by:

E Maple
Director
HOLTA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
HOLTA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Holta Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 8 Fleets Industrial Estate, Willis Way, Poole, BH15 3SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2022 390,026 117,121 27,387 534,534
Additions 556 0 3,491 4,047
Disposals 0 ( 25,026) 0 ( 25,026)
At 31 March 2023 390,582 92,095 30,878 513,555
Accumulated depreciation
At 01 April 2022 350,305 87,069 17,691 455,065
Charge for the financial year 10,046 6,770 2,851 19,667
Disposals 0 ( 19,830) 0 ( 19,830)
At 31 March 2023 360,351 74,009 20,542 454,902
Net book value
At 31 March 2023 30,231 18,086 10,336 58,653
At 31 March 2022 39,721 30,052 9,696 79,469

4. Stocks

2023 2022
£ £
Stocks 35,400 35,400

5. Debtors

2023 2022
£ £
Trade debtors 125,435 101,916
Amounts owed by Group undertakings 1,127 38
Other debtors 18,420 32,045
144,982 133,999

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 64,338 72,980
Taxation and social security 48,974 37,523
Other creditors 13,664 25,608
126,976 136,111

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
M Maple's Directors Loan Account 1,392 13,196

No interest has been charged on the overdrawn directors loan account in current year.

8. Ultimate controlling party

The company's immediate parent is 5659 Holdings Limited, incorporated in England and Wales.