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REGISTERED NUMBER: 00696693 (England and Wales)















Financial Statements for the Year Ended 31 August 2023

for

Hadlington Brothers Limited

Hadlington Brothers Limited (Registered number: 00696693)






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


Hadlington Brothers Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr J B Hadlington
Mrs B Hadlington





SECRETARY: Mrs B Hadlington





REGISTERED OFFICE: Orchard House
Lye-by-Pass
Lye
Stourbridge
West Midlands
DY9 8HA





REGISTERED NUMBER: 00696693 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Hadlington Brothers Limited (Registered number: 00696693)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,930 66,356
Investment property 5 381,000 381,000
442,930 447,356

CURRENT ASSETS
Stocks 552,151 2,503,836
Debtors 6 19,075 29,890
Cash at bank and in hand 4,462,793 2,384,171
5,034,019 4,917,897
CREDITORS
Amounts falling due within one year 7 44,993 70,929
NET CURRENT ASSETS 4,989,026 4,846,968
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,431,956

5,294,324

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Capital redemption reserve 1,000 1,000
Retained earnings 5,429,956 5,292,324
SHAREHOLDERS' FUNDS 5,431,956 5,294,324

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.

Hadlington Brothers Limited (Registered number: 00696693)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:





Mr J B Hadlington - Director


Hadlington Brothers Limited (Registered number: 00696693)

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

1. STATUTORY INFORMATION

Hadlington Brothers 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.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
The turnover shown in the profit and loss account is the amount receivable for the provision of goods and services falling within the Company's activities, net of Value Added Tax, rebates and trade discounts. Turnover from the provision of goods and services are recognised in the accounting period in which the Company obtains the right to consideration in exchange for its performance and when the amounts to be recognised are fixed or determinable and collectability is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation
Taxation for the year comprises of current tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Hadlington Brothers Limited (Registered number: 00696693)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 September 2022 82,132 113,344 15,256 19,472 230,204
Additions - - 999 - 999
At 31 August 2023 82,132 113,344 16,255 19,472 231,203
DEPRECIATION
At 1 September 2022 34,356 99,240 11,935 18,317 163,848
Charge for year 1,643 2,512 981 289 5,425
At 31 August 2023 35,999 101,752 12,916 18,606 169,273
NET BOOK VALUE
At 31 August 2023 46,133 11,592 3,339 866 61,930
At 31 August 2022 47,776 14,104 3,321 1,155 66,356

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 381,000
NET BOOK VALUE
At 31 August 2023 381,000
At 31 August 2022 381,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 19,075 29,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,781 62,276
Taxation and social security 24,055 4,264
Other creditors 4,157 4,389
44,993 70,929

Hadlington Brothers Limited (Registered number: 00696693)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mr J Hadlington and Mrs B Hadlington
Balance outstanding at start of year 1,301 1,301
Amounts advanced 448 -
Amounts repaid (1,300 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 449 1,301

Mr J B Hadlington
Balance outstanding at start of year 4,489 4,368
Amounts advanced 112 671
Amounts repaid (4,618 ) (550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (17 ) 4,489