IRIS Accounts Production v23.4.0.336 02575376 Board of Directors 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025753762022-05-31025753762023-05-31025753762022-06-012023-05-31025753762021-05-31025753762021-06-012022-05-31025753762022-05-3102575376ns15:EnglandWales2022-06-012023-05-3102575376ns14:PoundSterling2022-06-012023-05-3102575376ns10:Director12022-06-012023-05-3102575376ns10:PrivateLimitedCompanyLtd2022-06-012023-05-3102575376ns10:SmallEntities2022-06-012023-05-3102575376ns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3102575376ns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3102575376ns10:SmallCompaniesRegimeForAccounts2022-06-012023-05-3102575376ns10:FullAccounts2022-06-012023-05-3102575376ns10:Director22022-06-012023-05-3102575376ns10:CompanySecretary12022-06-012023-05-3102575376ns10:RegisteredOffice2022-06-012023-05-3102575376ns5:CurrentFinancialInstruments2023-05-3102575376ns5:CurrentFinancialInstruments2022-05-3102575376ns5:Non-currentFinancialInstruments2023-05-3102575376ns5:Non-currentFinancialInstruments2022-05-3102575376ns5:ShareCapital2023-05-3102575376ns5:ShareCapital2022-05-3102575376ns5:RetainedEarningsAccumulatedLosses2023-05-3102575376ns5:RetainedEarningsAccumulatedLosses2022-05-3102575376ns5:LandBuildings2022-06-012023-05-3102575376ns5:PlantMachinery2022-06-012023-05-3102575376ns5:LandBuildings2022-05-3102575376ns5:PlantMachinery2022-05-3102575376ns5:LandBuildings2023-05-3102575376ns5:PlantMachinery2023-05-3102575376ns5:LandBuildings2022-05-3102575376ns5:PlantMachinery2022-05-3102575376ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3102575376ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-3102575376ns5:Secured2023-05-3102575376ns5:Secured2022-05-31
REGISTERED NUMBER: 02575376 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

H M Wainwright Limited

H M Wainwright Limited (Registered number: 02575376)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


H M Wainwright Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mr M D Wainwright
Mrs E L Ryan



SECRETARY: Mr M D Wainwright



REGISTERED OFFICE: South Anston Service Station
Worksop Road
South Anston
South Yorkshire
S24 5ET



REGISTERED NUMBER: 02575376 (England and Wales)



ACCOUNTANTS: Trevor Billard and Company Limited
Chartered Accountants
BBIC
Innovation Way
Barnsley
South Yorkshire
S75 1JL



BANKERS: Nat West Bank plc
13 Laughton Road
Dinnington
Sheffield
South Yorkshire
S25 2HA

H M Wainwright Limited (Registered number: 02575376)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 289,699 319,047

CURRENT ASSETS
Stocks 124,179 136,783
Debtors 5 33,244 49,439
Cash at bank 324,037 185,211
481,460 371,433
CREDITORS
Amounts falling due within one year 6 210,426 214,697
NET CURRENT ASSETS 271,034 156,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

560,733

475,783

CREDITORS
Amounts falling due after more than one
year

7

(2,998

)

(10,448

)

PROVISIONS FOR LIABILITIES (22,181 ) (22,468 )
NET ASSETS 535,554 442,867

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 535,454 442,767
SHAREHOLDERS' FUNDS 535,554 442,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

H M Wainwright Limited (Registered number: 02575376)

Balance Sheet - continued
31 May 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 21 February 2024 and were signed on its behalf by:





Mrs E L Ryan - Director


H M Wainwright Limited (Registered number: 02575376)

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

1. STATUTORY INFORMATION

H M Wainwright 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.

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 - 2.5% on cost
Plant and machinery etc - 25% on cost, 20% on cost and 10% on 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

H M Wainwright Limited (Registered number: 02575376)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 June 2022 633,018 493,934 1,126,952
Additions 600 19,307 19,907
Disposals - (1,715 ) (1,715 )
At 31 May 2023 633,618 511,526 1,145,144
DEPRECIATION
At 1 June 2022 452,515 355,390 807,905
Charge for year 22,829 26,426 49,255
Eliminated on disposal - (1,715 ) (1,715 )
At 31 May 2023 475,344 380,101 855,445
NET BOOK VALUE
At 31 May 2023 158,274 131,425 289,699
At 31 May 2022 180,503 138,544 319,047

Included in cost of land and buildings is freehold land of £ 60,000 (2022 - £ 60,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,778 39,677
Other debtors 9,466 9,762
33,244 49,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 8,815
Hire purchase contracts 7,448 8,500
Trade creditors 144,181 150,386
Taxation and social security 45,434 33,734
Other creditors 13,363 13,262
210,426 214,697

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 2,998 10,448

H M Wainwright Limited (Registered number: 02575376)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans - 8,815
Hire purchase contracts 10,446 18,948
Trade creditors 98,490 128,353
108,936 156,116

The bank facilities are secured by a first legal mortgage created in May 2008 over certain of the company's freehold property, together with an unscheduled mortgage debenture granting a fixed and floating charge over all assets of the company.

The hire purchase liabilities are secured by charges over the relevant assets.

The amount owed by the company within trade creditors in respect of goods supplied under the fuel supply agreement is secured by second charges over all assets of the company.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M D Wainwright.