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REGISTERED NUMBER: 00671713 (England and Wales)















Holt Brothers (Horwich) Limited

Unaudited Financial Statements for the Year Ended 31 October 2023






Holt Brothers (Horwich) Limited (Registered number: 00671713)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Holt Brothers (Horwich) Limited

Company Information
for the Year Ended 31 October 2023







Directors: Andrew Philip Holt
Kay Holt





Registered office: Brunel Works
Brunel Street
Horwich
Bolton
BL6 5NX





Registered number: 00671713 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Holt Brothers (Horwich) Limited (Registered number: 00671713)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 432,763 425,504

Current assets
Stocks 1,000 995
Debtors 5 16,566 18,324
Cash at bank 15,367 16,752
32,933 36,071
Creditors
Amounts falling due within one year 6 85,274 97,360
Net current liabilities (52,341 ) (61,289 )
Total assets less current liabilities 380,422 364,215

Creditors
Amounts falling due after more than
one year

7

(106,966

)

(104,215

)

Provisions for liabilities 8 (18,385 ) (12,733 )
Net assets 255,071 247,267

Capital and reserves
Called up share capital 9 100 100
Retained earnings 254,971 247,167
Shareholders' funds 255,071 247,267

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.

Holt Brothers (Horwich) Limited (Registered number: 00671713)

Statement of Financial Position - 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Kay Holt - Director


Holt Brothers (Horwich) Limited (Registered number: 00671713)

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

1. Statutory information

Holt Brothers (Horwich) 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.

Turnover
Turnover is measured at the fair value of the consideration receivable for engineering services during the year.

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% Straight Line
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stock is measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Holt Brothers (Horwich) Limited (Registered number: 00671713)

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 statement of financial position 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.

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.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 7 ) .

4. Tangible fixed assets
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Cost
At 1 November 2022 327,949 123,883 7,781
Additions - - -
Disposals - - -
At 31 October 2023 327,949 123,883 7,781
Depreciation
At 1 November 2022 21,223 93,666 6,322
Charge for year 1,584 3,022 145
Eliminated on disposal - - -
At 31 October 2023 22,807 96,688 6,467
Net book value
At 31 October 2023 305,142 27,195 1,314
At 31 October 2022 306,726 30,217 1,459

Holt Brothers (Horwich) Limited (Registered number: 00671713)

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

4. Tangible fixed assets - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 November 2022 119,421 1,224 580,258
Additions 36,000 - 36,000
Disposals (11,117 ) - (11,117 )
At 31 October 2023 144,304 1,224 605,141
Depreciation
At 1 November 2022 32,863 680 154,754
Charge for year 23,140 408 28,299
Eliminated on disposal (10,675 ) - (10,675 )
At 31 October 2023 45,328 1,088 172,378
Net book value
At 31 October 2023 98,976 136 432,763
At 31 October 2022 86,558 544 425,504

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 11,210 12,668
Other debtors 5,356 5,656
16,566 18,324

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 34,795 33,095
Hire purchase contracts 18,779 12,299
Trade creditors 13,903 34,155
Taxation and social security 10,162 9,914
Other creditors 7,635 7,897
85,274 97,360

Holt Brothers (Horwich) Limited (Registered number: 00671713)

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

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 24,994 34,784
Hire purchase contracts 81,972 69,431
106,966 104,215

8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 18,385 12,733

Deferred
tax
£   
Balance at 1 November 2022 12,733
Charge to Statement of Income and Retained Earnings during year 5,652
Balance at 31 October 2023 18,385

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

10. Ultimate parent undertaking

Briardane Limited, a company incorporated in England and Wales is the holding company of Holt Brothers ( Horwich ) Limited. Dividends paid to Briardane Limited amounted to £42,000.