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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
Page
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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
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Holland Brothers Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,440 
8,755 
Current assets
Debtors
16,838 
1,586 
Cash at bank and in hand
20,290 
2,377 
37,128 
3,963 
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
Deferred tax
(1,224)
- 
Net assets/(liabilities)
15,577 
(5,312)
Capital and reserves
Called up share capital
100 
2 
Share premium
9,990 
- 
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
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Holland Brothers Limited Notes to the Accounts for the period from 1 March 2022 to 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25%
Computer equipment
25%
Financial instruments
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.
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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 
Additions
- 
1,582 
1,582 
Disposals
(1,751)
- 
(1,751)
At 31 March 2023
7,004 
1,582 
8,586 
Depreciation
Charge for the period
1,751 
395 
2,146 
At 31 March 2023
1,751 
395 
2,146 
Net book value
At 31 March 2023
5,253 
1,187 
6,440 
At 28 February 2022
8,755 
- 
8,755 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
12,342 
1,586 
Accrued income and prepayments
4,496 
- 
16,838 
1,586 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,000 
16,994 
VAT
1,522 
- 
Taxes and social security
3,120 
- 
Other creditors
1,628 
310 
Loans from directors
5,912 
726 
Accruals
500 
- 
Deferred income
1,300 
- 
16,982 
18,030 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
9,785 
- 
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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 
- 
2023 
2022 
£ 
£ 
Charged to the profit and loss account
1,224 
- 
Provision at end of period
1,224 
- 
9
Share capital
2023 
2022 
£ 
£ 
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).
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