Company Registration No. 12479677 (England and Wales)
Holland Brothers Limited
Unaudited accounts
for the period from 1 March 2022 to 31 March 2023
Holland Brothers Limited
Unaudited accounts
Contents
Holland Brothers Limited
Company Information
for the period from 1 March 2022 to 31 March 2023
Directors
Colin Holland
Giles Holland
Company Number
12479677 (England and Wales)
Registered Office
Siniah Honey Lane
Angmering
Littlehampton
BN16 4AB
Accountants
Maxwell-Gumbleton & Co.
1 West Street
Lewes
East Sussex
BN7 2NZ
Holland Brothers Limited
Statement of financial position
as at 31 March 2023
Tangible assets
6,440
8,755
Cash at bank and in hand
20,290
2,377
Creditors: amounts falling due within one year
(16,982)
(18,030)
Net current assets/(liabilities)
20,146
(14,067)
Total assets less current liabilities
26,586
(5,312)
Creditors: amounts falling due after more than one year
(9,785)
-
Provisions for liabilities
Net assets/(liabilities)
15,577
(5,312)
Called up share capital
100
2
Profit and loss account
5,487
(5,314)
Shareholders' funds
15,577
(5,312)
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by
Colin Holland
Director
Company Registration No. 12479677
Holland Brothers Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 March 2023
Holland Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 12479677. The registered office is Siniah Honey Lane, Angmering, Littlehampton, BN16 4AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Holland Brothers Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 March 2023
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2022
8,755
-
8,755
Disposals
(1,751)
-
(1,751)
At 31 March 2023
7,004
1,582
8,586
Charge for the period
1,751
395
2,146
At 31 March 2023
1,751
395
2,146
At 31 March 2023
5,253
1,187
6,440
At 28 February 2022
8,755
-
8,755
Amounts falling due after more than one year
Trade debtors
12,342
1,586
Accrued income and prepayments
4,496
-
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
3,000
16,994
Taxes and social security
3,120
-
Loans from directors
5,912
726
7
Creditors: amounts falling due after more than one year
2023
2022
Holland Brothers Limited
Notes to the Accounts
for the period from 1 March 2022 to 31 March 2023
8
Deferred taxation
2023
2022
Accelerated capital allowances
1,224
-
Charged to the profit and loss account
1,224
-
Provision at end of period
1,224
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
2
Shares issued during the period:
98 Ordinary shares of £1 each
98
10
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
10,705
-
11
Average number of employees
During the period the average number of employees was 2 (2022: 2).