Registered number
08694213
Holmes and Company (Leighton Buzzard) Limited
Filleted Accounts
31 March 2023
Holmes and Company (Leighton Buzzard) Limited
Registered number: 08694213
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 4 - 832
Current assets
Stocks 300 300
Debtors 5 31,005 22,380
Cash at bank and in hand 52,838 56,031
84,143 78,711
Creditors: amounts falling due within one year 6 (40,356) (42,901)
Net current assets 43,787 35,810
Net assets 43,787 36,642
Capital and reserves
Called up share capital 2,000 2,000
Profit and loss account 41,787 34,642
Shareholders' funds 43,787 36,642
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………………..
M A Holmes
Director
Approved by the board on 27 November 2023
Holmes and Company (Leighton Buzzard) Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against the reversal of future taxable profits. Current tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 38,059
At 31 March 2023 38,059
Amortisation
At 1 April 2022 38,059
At 31 March 2023 38,059
Net book value
At 31 March 2023 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 10,092
Additions 58
At 31 March 2023 10,150
Depreciation
At 1 April 2022 9,260
Charge for the year 890
At 31 March 2023 10,150
Net book value
At 31 March 2023 -
At 31 March 2022 832
5 Debtors 2023 2022
£ £
Trade debtors and work in progress 26,895 17,940
Other debtors 4,110 4,440
31,005 22,380
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,918 4,795
Corporation tax 8,158 6,465
Other taxes and social security costs 19,305 21,396
Other creditors 8,975 10,245
40,356 42,901
7 Other information
Holmes and Company (Leighton Buzzard) Limited is a private company limited by shares and incorporated in England. Its registered office is:
8 New Road
Linslade
Leighton Buzzard
Bedfordshire
Lu7 2LX
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