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REGISTERED NUMBER: 00381546 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

W.N.Hall & Sons Limited

W.N.Hall & Sons Limited (Registered number: 00381546)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.N.Hall & Sons Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs M B Hall
D W Hall
Mrs J A Lockey





REGISTERED OFFICE: West Heddon Nurseries
Heddon on the Wall
Northumberland
NE15 0JS





REGISTERED NUMBER: 00381546 (England and Wales)





ACCOUNTANT: Ann Travis Accountancy Services
9 Sherburn Terrace
Wrekenton
Gateshead
Tyne and Wear
NE9 7AQ

W.N.Hall & Sons Limited (Registered number: 00381546)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 147,297 152,755
Investments 5 1 1
147,298 152,756

CURRENT ASSETS
Stocks 195,612 202,890
Debtors 6 38,332 38,332
Cash at bank 142,469 108,406
376,413 349,628
CREDITORS
Amounts falling due within one year 7 65,541 51,424
NET CURRENT ASSETS 310,872 298,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

458,170

450,960

CREDITORS
Amounts falling due after more than
one year

8

(43,617

)

(66,189

)

PROVISIONS FOR LIABILITIES (27,716 ) (29,023 )
NET ASSETS 386,837 355,748

W.N.Hall & Sons Limited (Registered number: 00381546)

Balance Sheet - continued
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 3,570 3,570
Revaluation reserve 9 44,966 44,966
Other reserves 7,361 7,361
Retained earnings 330,940 299,851
SHAREHOLDERS' FUNDS 386,837 355,748

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

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

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 6 February 2024 and were signed on its behalf by:




D W Hall - Director



Mrs M B Hall - Director


W.N.Hall & Sons Limited (Registered number: 00381546)

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

1. STATUTORY INFORMATION

W.N.Hall & Sons 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.

Freehold land and buildings 10% on net book value
Plant and equipment20% on net book value
Fixtures and fittings10% on net book value






Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

W.N.Hall & Sons Limited (Registered number: 00381546)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.


W.N.Hall & Sons Limited (Registered number: 00381546)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 16 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 275,294 148,598 423,892
Additions - 1,356 1,356
At 31 July 2023 275,294 149,954 425,248
DEPRECIATION
At 1 August 2022 152,483 118,654 271,137
Charge for year 1,729 5,085 6,814
At 31 July 2023 154,212 123,739 277,951
NET BOOK VALUE
At 31 July 2023 121,082 26,215 147,297
At 31 July 2022 122,811 29,944 152,755

Included in cost of land and buildings is freehold land of £ 105,524 (2022 - £ 105,524 ) which is not depreciated.

W.N.Hall & Sons Limited (Registered number: 00381546)

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

4. TANGIBLE FIXED ASSETS - continued

The Subsidiary Halls of Heddon Ltd which is owed wholly by WN Hall & Sons ceased trading on 31st July 2022. All Fixed Assets were transferred at Net Book Value.

Freehold land and buildings were revalued in the year ended 31st December 1985.The historical cost of the freehold land and buildings is £19385 and accumulated depreciation is £15940.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 1
NET BOOK VALUE
At 31 July 2023 1
At 31 July 2022 1

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Amounts owed by group undertakings 38,332 38,332

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 17,774 11,726
Taxation and social security 43,232 33,664
Other creditors 4,535 6,034
65,541 51,424

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 43,617 66,189

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 28,333 38,343

W.N.Hall & Sons Limited (Registered number: 00381546)

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

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022
and 31 July 2023 44,966