Registered number
05128202
Holywell Utility Limited
Filleted Accounts
31 October 2023
Holywell Utility Limited
Registered number: 05128202
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Debtors 3 226,218 83,942
Cash at bank and in hand 331,351 492,931
557,569 576,873
Creditors: amounts falling due within one year 4 (46,281) (86,980)
Net current assets 511,288 489,893
Net assets 511,288 489,893
Capital and reserves
Called up share capital 100 100
Profit and loss account 511,188 489,793
Shareholders' funds 511,288 489,893
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.
Mr. E. Cullen
Director
Approved by the board on 22 February 2024
Holywell Utility Limited
Notes to the Accounts
for the year ended 31 October 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 represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Debtors 2023 2022
£ £
Trade debtors 114,153 83,942
Amounts owed by related party companies 112,065 -
226,218 83,942
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 15,589 69,234
Other taxes and social security costs 30,316 17,507
Other creditors 376 239
46,281 86,980
5 Share capital Nominal 2023 2023 2022
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 100 100 100
6 Guarantees made by the company on behalf of related parties
Main terms Maximum Amount paid
liability and incurred
£ £
Farren Hydraulics Limited
Nat West Bank plc 3,061,000 -
3,061,000 -
7 Related party transactions 2023 2022
£ £
Farren Hydraulics Limited
Company controlled by the director
Plant Hire 72,180 202,050
Rent 52,000 62,000
Amount due (to)/from the related party (1,737) (58,820)
8 Controlling party
The company is controlled by the director.
9 Other information
Holywell Utility Limited is a private company limited by shares and incorporated in England. It's registered office is:
First Floor, 1 Park Court,
Pyrford Road,
West Byfleet,
Surrey,
KT14 6SD.
Its place of business is:
11 - 12 Maxted Road,
Hemel Hempstead,
Herts,
HP 2 7DX.
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