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REGISTERED NUMBER: 01616407 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Harold Roberts & Son Limited

Harold Roberts & Son Limited (Registered number: 01616407)






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


Harold Roberts & Son Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M W Roberts





SECRETARY: Mrs M Roberts





REGISTERED OFFICE: The Old Coalyard
Glanydon Industrial Estate
PWLLHELI
Gwynedd
LL53 5YT





REGISTERED NUMBER: 01616407 (England and Wales)





ACCOUNTANTS: Griffith, Williams & Co
Chartered Accountants
36 Stryd Fawr
Pwllheli
Gwynedd
LL53 5RT

Harold Roberts & Son Limited (Registered number: 01616407)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,404,500 2,469,217
Investments 6 151 151
2,404,651 2,469,368

CURRENT ASSETS
Stocks 42,500 42,500
Debtors 7 538,876 449,799
Cash at bank and in hand 182,268 88,382
763,644 580,681
CREDITORS
Amounts falling due within one year 8 1,031,719 1,001,853
NET CURRENT LIABILITIES (268,075 ) (421,172 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,136,576

2,048,196

CREDITORS
Amounts falling due after more than one year 9 91,285 111,741
NET ASSETS 2,045,291 1,936,455

CAPITAL AND RESERVES
Called up share capital 220 220
Share premium 149,997 149,997
Revaluation reserve 10 139,592 139,592
Retained earnings 1,755,482 1,646,646
SHAREHOLDERS' FUNDS 2,045,291 1,936,455

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.

Harold Roberts & Son Limited (Registered number: 01616407)

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 13 November 2023 and were signed by:





Mr M W Roberts - Director


Harold Roberts & Son Limited (Registered number: 01616407)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Harold Roberts & 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 2018, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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

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 or 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

Harold Roberts & Son Limited (Registered number: 01616407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 4,000
AMORTISATION
At 1 April 2022
and 31 March 2023 4,000
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 2,353,293 459,302 2,812,595
Additions 9,765 49,774 59,539
Disposals (81,600 ) (21,861 ) (103,461 )
At 31 March 2023 2,281,458 487,215 2,768,673
DEPRECIATION
At 1 April 2022 - 343,378 343,378
Charge for year - 37,468 37,468
Eliminated on disposal - (16,673 ) (16,673 )
At 31 March 2023 - 364,173 364,173
NET BOOK VALUE
At 31 March 2023 2,281,458 123,042 2,404,500
At 31 March 2022 2,353,293 115,924 2,469,217

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 117,703
DEPRECIATION
At 1 April 2022
and 31 March 2023 56,504
NET BOOK VALUE
At 31 March 2023 61,199
At 31 March 2022 61,199

Harold Roberts & Son Limited (Registered number: 01616407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022
and 31 March 2023 151
NET BOOK VALUE
At 31 March 2023 151
At 31 March 2022 151

7. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 170,059 109,022
Other debtors 341,317 283,277
511,376 392,299

Amounts falling due after more than one year:
Other debtors 27,500 57,500

Aggregate amounts 538,876 449,799

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 25,309 23,122
Hire purchase contracts - 1,438
Trade creditors 163,511 175,656
Taxation and social security 39,893 6,210
Other creditors 803,006 795,427
1,031,719 1,001,853

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 91,285 111,741

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 19,252

Harold Roberts & Son Limited (Registered number: 01616407)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. RESERVES
Revaluation
reserve
£   
At 1 April 2022
and 31 March 2023 139,592