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REGISTERED NUMBER: 00565481 (England and Wales)














HOLTITE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2023






HOLTITE LIMITED (REGISTERED NUMBER: 00565481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLTITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2023







DIRECTORS: D B Bills
K M Bills
J A Bills



SECRETARY: K K Bills



REGISTERED OFFICE: Churchfield House
36 Vicar Street
Dudley
West Midlands
DY2 8RG



REGISTERED NUMBER: 00565481 (England and Wales)



ACCOUNTANTS: BK Plus Limited
Chartered Certified Accountants
Churchfield House
36 Vicar Street
Dudley
West Midlands
DY2 8RG



BANKERS: HSBC Bank plc
120 High Street
Brierley Hill
West Midlands
DY5 3BD

HOLTITE LIMITED (REGISTERED NUMBER: 00565481)

BALANCE SHEET
30TH APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,173 106,185
Investments 5 17,710 17,710
106,883 123,895

CURRENT ASSETS
Stocks 54,276 51,616
Debtors 6 186,198 147,901
Investments 7 617,569 364,639
Cash at bank and in hand 689,475 106,362
1,547,518 670,518
CREDITORS
Amounts falling due within one year 8 974,136 378,270
NET CURRENT ASSETS 573,382 292,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

680,265

416,143

CAPITAL AND RESERVES
Called up share capital 9 24,750 24,750
Retained earnings 10 655,515 391,393
SHAREHOLDERS' FUNDS 680,265 416,143

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

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

HOLTITE LIMITED (REGISTERED NUMBER: 00565481)

BALANCE SHEET - continued
30TH APRIL 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 2nd November 2023 and were signed on its behalf by:





D B Bills - Director


HOLTITE LIMITED (REGISTERED NUMBER: 00565481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2023

1. STATUTORY INFORMATION

Holtite 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.

The presentation currency is £ sterling.

The financial statements are rounded to the nearest pound.

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.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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 - 5% on reducing balance, 5% on reducing balance and nil
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

No depreciation is provided on freehold land.

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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

HOLTITE LIMITED (REGISTERED NUMBER: 00565481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

2. ACCOUNTING POLICIES - continued

Investments
Fixed asset investments
The company's investment in the share capital of a dormant subsidiary company is included at cost less impairment.

Current asset investments
Listed investments are included at fair value.

Cash and cash equivalents
Cash and cash equivalents includes deposits held at call at banks.

Debtors and Creditors
Short term debtors and creditors are measured at transaction price, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2022 136,875 464,661 601,536
Additions 10,074 62,032 72,106
Disposals (132,539 ) (21,300 ) (153,839 )
At 30th April 2023 14,410 505,393 519,803
DEPRECIATION
At 1st May 2022 81,562 413,789 495,351
Charge for year 2,282 21,167 23,449
Eliminated on disposal (80,840 ) (7,330 ) (88,170 )
At 30th April 2023 3,004 427,626 430,630
NET BOOK VALUE
At 30th April 2023 11,406 77,767 89,173
At 30th April 2022 55,313 50,872 106,185

HOLTITE LIMITED (REGISTERED NUMBER: 00565481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st May 2022
and 30th April 2023 19,610
PROVISIONS
At 1st May 2022
and 30th April 2023 1,900
NET BOOK VALUE
At 30th April 2023 17,710
At 30th April 2022 17,710

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146,688 138,117
Other debtors 39,510 9,784
186,198 147,901

7. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Listed investments 617,569 364,639

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 60,772 58,112
Taxation and social security 25,880 24,536
Other creditors 887,484 295,622
974,136 378,270

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
24,750 Ordinary £1 24,750 24,750

10. RESERVES

Retained earnings includes non distributable reserves of £117,567 (2022 - £114,639) in respect of unrealised revaluations of current asset investments.

11. OTHER FINANCIAL COMMITMENTS

The company had non cancellable operating lease commitments of £86,839 (2022 - £116,622)

HOLTITE LIMITED (REGISTERED NUMBER: 00565481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2023

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2023 and 30th April 2022:

2023 2022
£    £   
D B Bills
Balance outstanding at start of year - -
Amounts advanced 30,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,000 -