Howe Commercial Limited 11755176 false 2022-02-01 2023-06-30 2023-06-30 The principal activity of the company is is the construction of commercial and domestic buildings. Digita Accounts Production Advanced 6.30.9574.0 true true 11755176 2022-02-01 2023-06-30 11755176 2023-06-30 11755176 core:CurrentFinancialInstruments 2023-06-30 11755176 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11755176 core:OfficeEquipment 2023-06-30 11755176 core:PlantMachinery 2023-06-30 11755176 bus:SmallEntities 2022-02-01 2023-06-30 11755176 bus:AuditExemptWithAccountantsReport 2022-02-01 2023-06-30 11755176 bus:FullAccounts 2022-02-01 2023-06-30 11755176 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-06-30 11755176 bus:RegisteredOffice 2022-02-01 2023-06-30 11755176 bus:Director1 2022-02-01 2023-06-30 11755176 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-06-30 11755176 core:OfficeEquipment 2022-02-01 2023-06-30 11755176 core:PlantMachinery 2022-02-01 2023-06-30 11755176 countries:EnglandWales 2022-02-01 2023-06-30 11755176 2022-01-31 11755176 core:OfficeEquipment 2022-01-31 11755176 core:PlantMachinery 2022-01-31 11755176 2021-02-01 2022-01-31 11755176 2022-01-31 11755176 core:CurrentFinancialInstruments 2022-01-31 11755176 core:CurrentFinancialInstruments core:WithinOneYear 2022-01-31 11755176 core:OfficeEquipment 2022-01-31 11755176 core:PlantMachinery 2022-01-31 iso4217:GBP xbrli:pure

Registration number: 11755176

Howe Commercial Limited

Unaudited Filleted Financial Statements

for the Period from 1 February 2022 to 30 June 2023

 

Howe Commercial Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Howe Commercial Limited

(Registration number: 11755176)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,461

1,515

Current assets

 

Debtors

5

46,479

55,564

Cash at bank and in hand

 

-

1

 

46,479

55,565

Creditors: Amounts falling due within one year

6

(41,466)

(48,180)

Net current assets

 

5,013

7,385

Net assets

 

6,474

8,900

Capital and reserves

 

Called up share capital

1

1

Retained earnings

6,473

8,899

Shareholders' funds

 

6,474

8,900

For the financial period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 February 2024
 

.........................................
Mr T Howe
Director

 

Howe Commercial Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
6 Enford Avenue
Swindon
Wiltshire
SN2 5JE

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are accounted for as revenue based grants under the accrual model in the period in which they are receivable.

Tax

The tax expense for the period comprises current tax payable.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

Howe Commercial Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 June 2023

Asset class

Depreciation method and rate

Plant and machinery

25% straight line basis

Office equipment

20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 2 (2022 - 2).

 

Howe Commercial Limited

Notes to the Unaudited Financial Statements for the Period from 1 February 2022 to 30 June 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

At 1 February 2022

481

1,841

2,322

Additions

590

120

710

At 30 June 2023

1,071

1,961

3,032

Depreciation

At 1 February 2022

360

447

807

Charge for the period

212

552

764

At 30 June 2023

572

999

1,571

Carrying amount

At 30 June 2023

499

962

1,461

At 31 January 2022

122

1,393

1,515

5

Debtors

Current

2023
£

2022
£

Trade debtors

26,248

18,963

Other debtors

20,231

36,601

 

46,479

55,564

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,271

8,262

Taxation and social security

28,485

37,460

Other creditors

9,710

2,458

41,466

48,180