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REGISTERED NUMBER: 03345675 (England and Wales)









HUMPHRIES (DROITWICH) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






HUMPHRIES (DROITWICH) LIMITED (REGISTERED NUMBER: 03345675)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4

Report of the Accountants 5

HUMPHRIES (DROITWICH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: I D Humphries
Mrs H Humphries





SECRETARY: Mrs H Humphries





REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG





REGISTERED NUMBER: 03345675 (England and Wales)





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

HUMPHRIES (DROITWICH) LIMITED (REGISTERED NUMBER: 03345675)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,292 3,719

CURRENT ASSETS
Stocks 186,408 193,480
Debtors 5 1,475 1,475
Cash at bank and in hand 108,302 114,885
296,185 309,840
CREDITORS
Amounts falling due within one year 6 63,005 54,635
NET CURRENT ASSETS 233,180 255,205
TOTAL ASSETS LESS CURRENT LIABILITIES 235,472 258,924

CREDITORS
Amounts falling due after more than one year 7 (6,612 ) (11,101 )

PROVISIONS FOR LIABILITIES (20,000 ) (15,000 )
NET ASSETS 208,860 232,823

CAPITAL AND RESERVES
Called up share capital 45,223 45,223
Retained earnings 163,637 187,600
SHAREHOLDERS' FUNDS 208,860 232,823

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 29 February 2024 and were signed on its behalf by:





I D Humphries - Director


HUMPHRIES (DROITWICH) LIMITED (REGISTERED NUMBER: 03345675)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Humphries (Droitwich) 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 of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 33% 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 (2023 - 17 ) .

HUMPHRIES (DROITWICH) LIMITED (REGISTERED NUMBER: 03345675)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 137,316
Additions 116
At 31 January 2024 137,432
DEPRECIATION
At 1 February 2023 133,597
Charge for year 1,543
At 31 January 2024 135,140
NET BOOK VALUE
At 31 January 2024 2,292
At 31 January 2023 3,719

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,475 1,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,605 4,459
Trade creditors 35,934 29,640
Taxation and social security 18,746 16,225
Other creditors 3,720 4,311
63,005 54,635

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 6,612 11,101

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 11,217 15,560

Lloyds Bank plc have a fixed and floating charge over the assets of the company which was put in place when the company took out a Bounce Back loan on 2 June 2020.

HUMPHRIES (DROITWICH) LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
HUMPHRIES (DROITWICH) LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG


29 February 2024