IRIS Accounts Production v23.3.0.418 00530194 director 1.4.22 31.3.23 31.3.23 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005301942022-03-31005301942023-03-31005301942022-04-012023-03-31005301942021-03-31005301942021-04-012022-03-31005301942022-03-3100530194ns10:Originalns15:EnglandWales2022-04-012023-03-3100530194ns14:PoundSterlingns10:Original2022-04-012023-03-3100530194ns10:Originalns10:Director12022-04-012023-03-3100530194ns10:Original2022-04-012023-03-3100530194ns10:Original2023-03-3100530194ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100530194ns10:Originalns10:SmallEntities2022-04-012023-03-3100530194ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100530194ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100530194ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3100530194ns10:Originalns10:FullAccounts2022-04-012023-03-3100530194ns10:Originalns10:RegisteredOffice2022-04-012023-03-3100530194ns10:Original2022-03-3100530194ns10:Originalns5:CurrentFinancialInstruments2023-03-3100530194ns10:Originalns5:CurrentFinancialInstruments2022-03-3100530194ns10:Originalns5:Non-currentFinancialInstruments2023-03-3100530194ns10:Originalns5:Non-currentFinancialInstruments2022-03-3100530194ns5:ShareCapitalns10:Original2023-03-3100530194ns5:ShareCapitalns10:Original2022-03-3100530194ns10:Originalns5:SharePremium2023-03-3100530194ns10:Originalns5:SharePremium2022-03-3100530194ns10:Originalns5:RevaluationReserve2023-03-3100530194ns10:Originalns5:RevaluationReserve2022-03-3100530194ns10:Originalns5:CapitalRedemptionReserve2023-03-3100530194ns10:Originalns5:CapitalRedemptionReserve2022-03-3100530194ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3100530194ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3100530194ns10:Originalns5:LandBuildings2022-04-012023-03-3100530194ns10:Originalns5:PlantMachinery2022-04-012023-03-3100530194ns10:Original2021-04-012022-03-3100530194ns10:Originalns5:LandBuildings2022-03-3100530194ns10:Originalns5:PlantMachinery2022-03-3100530194ns10:Original2022-03-3100530194ns10:Originalns5:LandBuildings2023-03-3100530194ns10:Originalns5:PlantMachinery2023-03-3100530194ns10:Originalns5:LandBuildings2022-03-3100530194ns10:Originalns5:PlantMachinery2022-03-3100530194ns10:Originalns5:CostValuation2022-03-3100530194ns10:Originalns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3100530194ns10:Originalns5:CostValuation2023-03-3100530194ns10:Originalns5:Subsidiary12022-04-012023-03-3100530194ns10:Originalns5:Subsidiary112022-04-012023-03-3100530194ns10:Originalns5:Subsidiary12023-03-3100530194ns10:Originalns5:Subsidiary12022-03-3100530194ns10:Originalns5:Subsidiary12022-03-3100530194ns10:Originalns5:Subsidiary12021-04-012022-03-3100530194ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100530194ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3100530194ns5:Securedns10:Original2023-03-3100530194ns5:Securedns10:Original2022-03-3100530194ns10:Originalns5:RevaluationReserve2022-03-31
REGISTERED NUMBER: 00530194 (England and Wales)















W.H.BUTLER & SONS(FOUNDERS)LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.H.BUTLER & SONS(FOUNDERS)LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: S Butler





REGISTERED OFFICE: 45 Turbine Business Centre
Coach Close
Shireoaks
Worksop
Nottinghamshire
S81 8AP





REGISTERED NUMBER: 00530194 (England and Wales)






W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,208,969 1,222,256
Investments 5 241,000 374,347
1,449,969 1,596,603

CURRENT ASSETS
Debtors 6 84,964 119,987
Cash at bank 48,267 122,737
133,231 242,724
CREDITORS
Amounts falling due within one year 7 136,555 218,915
NET CURRENT (LIABILITIES)/ASSETS (3,324 ) 23,809
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,446,645

1,620,412

CREDITORS
Amounts falling due after more than one
year

8

(22,808

)

(72,899

)

PROVISIONS FOR LIABILITIES (72,407 ) (72,407 )
NET ASSETS 1,351,430 1,475,106

CAPITAL AND RESERVES
Called up share capital 16,710 16,710
Share premium 11,710 11,710
Revaluation reserve 10 537,347 537,347
Capital redemption reserve 4,290 4,290
Retained earnings 781,373 905,049
SHAREHOLDERS' FUNDS 1,351,430 1,475,106

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

BALANCE SHEET - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2023 and were signed by:





S Butler - Director


W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

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


1. STATUTORY INFORMATION

W.H.Butler & Sons(Founders)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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Going concern
The financial statements have been prepared on a going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for the foreseeable future. In making their assessment that the assumption is correct the director has undertaken an indepth review of the business, its current prospects and cash resources.

Grant income
Grant income, towards the funding of capital costs, is recognised over the expected useful life of the assets to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

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


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 1,270,184 71,518 1,341,702
Additions 5,517 - 5,517
At 31 March 2023 1,275,701 71,518 1,347,219
DEPRECIATION
At 1 April 2022 60,241 59,205 119,446
Charge for year 15,642 3,162 18,804
At 31 March 2023 75,883 62,367 138,250
NET BOOK VALUE
At 31 March 2023 1,199,818 9,151 1,208,969
At 31 March 2022 1,209,943 12,313 1,222,256

Cost or valuation at 31 March 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 361,800 - 361,800
Cost 913,901 71,518 985,419
1,275,701 71,518 1,347,219

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 908,384 908,384
Aggregate depreciation 285,572 285,572

Value of land in freehold land and buildings 622,812 622,812

Freehold land and buildings were valued on an open market basis on 5 September 2018 by Renshaw Chartered Surveyors .

W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

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


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 374,347
Impairments (133,347 )
At 31 March 2023 241,000
NET BOOK VALUE
At 31 March 2023 241,000
At 31 March 2022 374,347

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Arrow Butler Castings Limited
Registered office:
Nature of business: Non-ferrous founders
%
Class of shares: holding
Ordinary 50.00
31/3/23 31/3/22
£    £   
Aggregate capital and reserves 374,004 355,493
Profit for the year 136,117 166,025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,564 103,587
Amounts owed by group undertakings - 15,000
Other debtors 1,400 1,400
84,964 119,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,540 61,570
Trade creditors 355 158
Taxation and social security 11,566 18,852
Other creditors 115,094 138,335
136,555 218,915

W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,808 72,899

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 32,348 134,469

National Westminster Bank PLC held a fixed charge over all legal interest the company has in land on Station Road. This charge was satisfied in full on 17 May 2023.

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 537,347

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £7,409 (2022 : £7,166). There are no fixed repayment terms and no interest is payable on the loan.

12. RELATED PARTY DISCLOSURES

Arrow Butler Castings Ltd
(A company in which 50% of the share capital is owned by WH Butler & Sons Ltd)

The company rents property to Arrow Butler Castings Ltd and receives rent of £51,500 (2022 : £51,500).

During the year dividends of £Nil (2022 : £20,000) were received from Arrow Butler Castings Ltd

The company has made a loan to Arrow Butler Castings Limited. At the balance sheet date the amount due from Arrow Butler Castings Ltd was £Nil.







13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Butler.