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REGISTERED NUMBER: 07345512 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

E HOWARD & SON LIMITED

E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E HOWARD & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: E G Howard
Mrs D Howard



REGISTERED OFFICE: Quarry Field Farm
Accrington Road
Hapton
Near Burnley
Lancashire
BB11 5QJ



REGISTERED NUMBER: 07345512 (England and Wales)



ACCOUNTANTS: P B Syddall & Co
Chartered Accountants
Grafton House
81 Chorley Old Road
Bolton
Lancashire
BL1 3AJ



BANKERS: Yorkshire Bank
40 Church Street
Blackburn
Lancashire
BB1 5AW

E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,328,288 2,305,679

CURRENT ASSETS
Debtors 6 467,757 565,196
Cash at bank 563,986 514,738
1,031,743 1,079,934
CREDITORS
Amounts falling due within one year 7 772,561 635,217
NET CURRENT ASSETS 259,182 444,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,587,470

2,750,396

CREDITORS
Amounts falling due after more than one
year

8

(135,167

)

-

PROVISIONS FOR LIABILITIES (555,751 ) (323,078 )
NET ASSETS 2,896,552 2,427,318

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,896,550 2,427,316
SHAREHOLDERS' FUNDS 2,896,552 2,427,318

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

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

E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)

BALANCE SHEET - continued
31 AUGUST 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 12 February 2024 and were signed on its behalf by:




E G Howard - Director



Mrs D Howard - Director


E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

E Howard & Son 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Tools and equipment - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

3. ACCOUNTING POLICIES - continued

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 20 ) .

5. TANGIBLE FIXED ASSETS
Freehold Motor Tools and
property vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2022 484,000 3,919,375 98,531 4,501,906
Additions - 2,344,739 857 2,345,596
Disposals - (858,398 ) - (858,398 )
At 31 August 2023 484,000 5,405,716 99,388 5,989,104
DEPRECIATION
At 1 September 2022 - 2,134,910 61,317 2,196,227
Charge for year - 939,232 7,614 946,846
Eliminated on disposal - (588,272 ) - (588,272 )
Transfer to ownership - 106,015 - 106,015
At 31 August 2023 - 2,591,885 68,931 2,660,816
NET BOOK VALUE
At 31 August 2023 484,000 2,813,831 30,457 3,328,288
At 31 August 2022 484,000 1,784,465 37,214 2,305,679

E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2022 221,000
Additions 586,000
Transfer to ownership (221,000 )
At 31 August 2023 586,000
DEPRECIATION
At 1 September 2022 106,015
Charge for year 146,500
Eliminated on disposal (106,015 )
At 31 August 2023 146,500
NET BOOK VALUE
At 31 August 2023 439,500
At 31 August 2022 114,985

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 455,544 557,530
VAT 3,306 -
Prepayments 8,907 7,666
467,757 565,196

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 162,000 32,222
Trade creditors 132,580 125,933
Tax 3,087 48,044
Social security and other taxes 16,053 15,671
VAT - 51,613
Directors current account 451,041 356,734
Accrued expenses 7,800 5,000
772,561 635,217

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Hire purchase contracts 135,167 -

E HOWARD & SON LIMITED (REGISTERED NUMBER: 07345512)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £52,000 (2022 - £52,000) were paid to the directors .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are Mrs D Howard and Mr E Howard by virtue of their 100% control of the issued share capital of the company.