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REGISTERED NUMBER: 07291914 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

H. F. Pugh & Son Limited

H. F. Pugh & Son Limited (Registered number: 07291914)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H. F. Pugh & Son Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: J H Pugh
Mrs E M Pugh



REGISTERED OFFICE: Office 10
Broadaxe Business Park
Presteigne
Powys
LD8 2UH



REGISTERED NUMBER: 07291914 (England and Wales)



ACCOUNTANTS: Housego Accountancy & Taxation Ltd.
Office 10
Broadaxe Business Park
Presteigne
Powys
LD8 2UH



SOLICITORS: Morris and Bates Ltd
P O Box 1
Alexander Road
Aberystwyth
Ceredigion
West Wales
SY23

H. F. Pugh & Son Limited (Registered number: 07291914)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 410,211 421,380
410,211 421,380

CURRENT ASSETS
Stocks 10,100 8,424
Debtors 6 138,490 224,925
Cash at bank and in hand 470,974 644,647
619,564 877,996
CREDITORS
Amounts falling due within one year 7 135,990 79,073
NET CURRENT ASSETS 483,574 798,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

893,785

1,220,303

PROVISIONS FOR LIABILITIES 102,552 80,062
NET ASSETS 791,233 1,140,241

CAPITAL AND RESERVES
Called up share capital 500 1,000
Capital redemption reserve 500 -
Retained earnings 790,233 1,139,241
SHAREHOLDERS' FUNDS 791,233 1,140,241

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

H. F. Pugh & Son Limited (Registered number: 07291914)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2023 and were signed on its behalf by:




J H Pugh - Director



Mrs E M Pugh - Director


H. F. Pugh & Son Limited (Registered number: 07291914)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

H. F. Pugh & 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Computer equipment - 50% 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 and 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.

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 5 (2022 - 5 ) .

H. F. Pugh & Son Limited (Registered number: 07291914)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 49,000
AMORTISATION
At 1 July 2022
and 30 June 2023 49,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 1,228,815 628 1,229,443
Additions 183,472 - 183,472
Disposals (249,500 ) - (249,500 )
At 30 June 2023 1,162,787 628 1,163,415
DEPRECIATION
At 1 July 2022 807,438 625 808,063
Charge for year 136,737 2 136,739
Eliminated on disposal (191,598 ) - (191,598 )
At 30 June 2023 752,577 627 753,204
NET BOOK VALUE
At 30 June 2023 410,210 1 410,211
At 30 June 2022 421,377 3 421,380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 109,481 174,025
Other debtors 29,009 50,900
138,490 224,925

H. F. Pugh & Son Limited (Registered number: 07291914)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,627 2,732
Taxation and social security 77,299 42,937
Other creditors 39,064 33,404
135,990 79,073