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REGISTERED NUMBER: 00667336 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

E.H.Humphries (Norton) Limited

E.H.Humphries (Norton) Limited (Registered number: 00667336)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


E.H.Humphries (Norton) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr C D Lewis
Mr N J Walker
Mr K Weldon
Mr D J Weldon





SECRETARY: Mr K R Morgan





REGISTERED OFFICE: Great Western House
Martindale
Hawks Green
Cannock
Staffordshire
WS11 7XN





REGISTERED NUMBER: 00667336 (England and Wales)





AUDITORS: Lewis Smith & Co.
Chartered Certified Accountants
Statutory Auditors
The Old Doctor's House
74 Grange Road
Dudley
West Midlands
DY1 2AW

E.H.Humphries (Norton) Limited (Registered number: 00667336)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,698 23,373

CURRENT ASSETS
Stocks 130,346 15,139
Debtors 3,132,941 2,927,093
Cash at bank 1,843,023 1,280,073
5,106,310 4,222,305
CREDITORS
Amounts falling due within one year 4,710,440 3,836,118
NET CURRENT ASSETS 395,870 386,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

414,568

409,560

PROVISIONS FOR LIABILITIES 6 - 67
NET ASSETS 414,568 409,493

CAPITAL AND RESERVES
Called up share capital 7 50,000 50,000
Retained earnings 364,568 359,493
SHAREHOLDERS' FUNDS 414,568 409,493

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 July 2024 and were signed on its behalf by:




Mr D J Weldon - Director



Mr K Weldon - Director


E.H.Humphries (Norton) Limited (Registered number: 00667336)

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

1. STATUTORY INFORMATION

E.H.Humphries (Norton) 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.

The financial statements have been prepared on a going concern basis.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised on construction contracts by reference to the services performed to date. Where the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the state of completion of the contract at the balance sheet date (determined by surveys of work performed by quantity surveyors in conjunction with clients).

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.
Motor vehicles - 20% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress, is value at the net relisable value of cost incurred to date on contracts, where the risk and rewards havent been transferred to the customer, in line with long term contracts. .

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.

E.H.Humphries (Norton) Limited (Registered number: 00667336)

Notes to the Financial Statements - continued
for the Year Ended 31 October 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.

Long-term contracts
Amounts recoverable on long term contracts, which are included in debtors are stated at the net sales value of the work done after provisions for contingencies and anticipated future losses, less amounts received as progress payments on account. Excess progress payments are included in creditors as payments received on account.

Provision for warranty costs
Where there are future costs, which will be incurred after the completion of a project, known as rectification costs, a provision is made to included these costs in line with long term contracts. The value of these costs is determined based on known future costs incurred after the year end date and any expected future costs determined by the Directors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 26 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 77,067
DEPRECIATION
At 1 November 2022 53,694
Charge for year 4,675
At 31 October 2023 58,369
NET BOOK VALUE
At 31 October 2023 18,698
At 31 October 2022 23,373

E.H.Humphries (Norton) Limited (Registered number: 00667336)

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

5. SECURED DEBTS

HSBC Bank PLC has a fixed charge over the book debts and floating charge over the other fixed assets, of the company.

6. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax - 67

Deferred
tax
£   
Balance at 1 November 2022 67
Credit to Income Statement during year (67 )
Balance at 31 October 2023 -

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
50,000 Ordinary £1 50,000 50,000

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Craig Alan Beale FCCA (Senior Statutory Auditor)
for and on behalf of Lewis Smith & Co.

The audit report included an other matter paragraph as follows

This is the first year that the company has been required to have an audit performed on its financial statements. Therefore, comparative information in this years financial statements is derived from the company's financial statements of the previous year, which were not audited.

9. ULTIMATE CONTROLLING COMPANY

Weldon Group Ltd is regarded by the directors as being the company's ultimate parent company.

Copies of the financial statements for Weldon Group Ltd are available from Companies House. The registered office address of Weldon Group Ltd is Great Western House Martindale, Hawks Green, Cannock, Staffordshire, WS11 7XN.

The directors David Weldon and Kevin Weldon are considered to be the ultimate controlling parties being the joint shareholders of the parent company.