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REGISTERED NUMBER: 01424002 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTORS: Arthur William Henton
Mrs Karen Lesley Henton
Aaron G T Henton
Miss Emily Harriet Henton





REGISTERED OFFICE: 12 Wood Lane
Norton-Juxta-Twycross
Atherstone
Warwickshire
CV9 3QB





REGISTERED NUMBER: 01424002 (England and Wales)





ACCOUNTANTS: John M Taylor & Co
Chartered Accountants
9 Glasgow Road
PAISLEY
Renfrewshire
PA1 3QS

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

BALANCE SHEET
31 October 2023

31.10.22 31.10.23
£    £    Notes £    £   
FIXED ASSETS
109,347 Tangible assets 5 181,847
250,000 Investment property 6 250,000
359,347 431,847

CURRENT ASSETS
259,383 Stocks 177,392
569,428 Debtors 7 460,332
42,827 Cash at bank 46,556
871,638 684,280
CREDITORS
397,064 Amounts falling due within one year 8 219,951
474,574 NET CURRENT ASSETS 464,329
833,921 TOTAL ASSETS LESS CURRENT
LIABILITIES

896,176

CREDITORS
(26,965 ) Amounts falling due after more than one
year

9

(16,816

)

(12,513 ) PROVISIONS FOR LIABILITIES 11 (31,532 )
794,443 NET ASSETS 847,828

CAPITAL AND RESERVES
40,002 Called up share capital 12 40,002
67,032 Investment property non distributable
reserve

67,032
687,409 Retained earnings 740,794
794,443 SHAREHOLDERS' FUNDS 847,828

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

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

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

BALANCE SHEET - continued
31 October 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





Arthur William Henton - Director


A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

A.A. Henton & Son (Steel Fabrications) 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented unless otherwise stated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is stated net of VAT. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant & machinery - 20% to 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Investment property
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit and loss.
Revaluations are conducted annually by the director.

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

3. ACCOUNTING POLICIES - continued

Stocks
Stocks consist of goods for resale and are valued at the lower of purchase cost and estimated selling price less costs to sell, after making due allowances for obsolete and slow moving items.

When stocks are sold, the carrying amount of these stock is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction on the amount of stocks recognised as an expense in the period in which the reversal occurs.

Financial instruments
Basic financial instruments are recognised at amortised cost. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instrument and are classified in accordance with their underlying economic reality.

Taxation
Taxation represents the sum of tax currently payable and deferred tax on a non discounted basis.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period which the liability is settled or the asset is realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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.

Debtors
Debtors include the value of contractual work in progress.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand as well as deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the shareholders. These amounts are recognised in the statement of changes in equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 21 ) .

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant & and Motor
Totals property machinery fittings vehicles
£    £    £    £    £   
COST
At 1 November 2022 497,169 86,026 350,863 21,321 38,959
Additions 109,841 - 94,941 - 14,900
At 31 October 2023 607,010 86,026 445,804 21,321 53,859
DEPRECIATION
At 1 November 2022 387,822 46,233 282,387 20,991 38,211
Charge for year 37,341 4,300 29,046 83 3,912
At 31 October 2023 425,163 50,533 311,433 21,074 42,123
NET BOOK VALUE
At 31 October 2023 181,847 35,493 134,371 247 11,736
At 31 October 2022 109,347 39,793 68,476 330 748

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 250,000
NET BOOK VALUE
At 31 October 2023 250,000
At 31 October 2022 250,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 67,032
Cost 182,968
250,000

Investment property was valued on a fair value basis on 31 October 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 4,385 101,582
Amounts recoverable on contracts 217,569 212,330
Other debtors 238,378 255,516
460,332 569,428

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 9,800 38,296
Trade creditors 128,834 308,978
Taxation and social security 22,711 40,511
Other creditors 58,606 9,279
219,951 397,064

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 16,816 26,965

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank overdraft - 28,796

Bank borrowing is secured by:-
- a first legal charge over the investment freehold property of the company
- a debenture
- a fixed and floating charge
- a personal guarantee from the director Arthur Henton limited to £25,000
- an unlimited cross guarantee from Overhead Line Fittings (U.K.) Limited.

11. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax 31,532 12,513

Deferred
tax
£   
Balance at 1 November 2022 12,513
Movement in year 19,019
Balance at 31 October 2023 31,532

This is in respect of accelerated capital allowances

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
40,002 Ordinary £1 40,002 40,002

A.A. HENTON & SON (STEEL FABRICATIONS)
LIMITED (REGISTERED NUMBER: 01424002)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

13. ULTIMATE CONTROLLING PARTY

The director Arthur W Henton controls the company indirectly as a result of having a controlling interest in the issued ordinary share capital of the parent company.

The immediate and ultimate parent of the company is Jenner Holdings Ltd, a company registered in England whose registered office is 12 Wood Lane,Norton Juxta Twycross, Atherstone, Warwickshire CV9 3QB.