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Company registration number: 5618265
Restorers Limited
Unaudited filleted financial statements
31 December 2023
Restorers Limited
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
Restorers Limited
Directors and other information
Directors R Hutchins
C Hutchins
Company number 5618265
Registered office Unit 22
Argyle Street Factory Estate
Hull
East Yorkshire
HU3 1HD
Business address Unit 22
Argyle Street Factory Estate
Hull
East Yorkshire
HU3 1HD
Accountants Larsen & Co
2 High Brighton Street
Withernsea
East Yorkshire
HU19 2HL
Bankers The Co-operative Bank
PO Box 250 Delf House
Southway
Skelmersdale
Lancashire
WN8 6WT
Starling Bank Limited
3rd Floor
2 Finsbury Avenue
London
EC2M 2PP
Restorers Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Restorers Limited
Year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Restorers Limited for the year ended 31 December 2023 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Restorers Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Restorers Limited and state those matters that we have agreed to state to the board of directors of Restorers Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Restorers Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Restorers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Restorers Limited. You consider that Restorers Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Restorers Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Larsen & Co
Chartered Accountants
2 High Brighton Street
Withernsea
East Yorkshire
HU19 2HL
22 July 2024
Restorers Limited
Statement of financial position
31 December 2023
2023 2022
£ £ £ £
Fixed assets 34,110 44,090
_______ _______
Current assets 66,257 91,162
Prepayments and accrued income 6,301 5,932
_______ _______
72,558 97,094
Creditors: amounts falling due within one year ( 62,244) ( 80,341)
_______ _______
Net current assets 10,314 16,753
_______ _______
Total assets less current liabilities 44,424 60,843
Creditors: amounts falling due after more than one year ( 24,750) ( 42,092)
Accruals and deferred income ( 3,051) ( 7,844)
_______ _______
Net assets 16,623 10,907
_______ _______
Capital and reserves 16,623 10,907
_______ _______
Notes to the financial statements
Restorers Limited
Year ended 31 December 2023
1. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2022: 7 ).
2. Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
R Hutchins ( 11,958) 7,837 ( 5,385) ( 9,506)
C Hutchins ( 15,673) 9,850 ( 5,305) ( 11,128)
_______ _______ _______ _______
( 27,631) 17,687 ( 10,690) ( 20,634)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the directors Amounts repaid Balance o/standing
£ £ £ £
R Hutchins ( 12,138) 11,067 ( 10,887) ( 11,958)
C Hutchins ( 13,208) 8,250 ( 10,715) ( 15,673)
_______ _______ _______ _______
( 25,346) 19,317 ( 21,602) ( 27,631)
_______ _______ _______ _______
During the year the director, R Hutchins , provided the company with a loan bearing interest at 3%. The balance outstanding at the year end was £9,506 (2022 £11,958). During the year the director, C Hutchins , provided the company with a loan bearing interest at 3%. The balance outstanding at the year end was £11,128 (2022 £15,673). During the year the company paid dividends to the directors of £1,000 each, (2022 £2,000).
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the board of directors and authorised for issue on 22 July 2024 , and are signed on behalf of the board by:
R Hutchins
Director
Company registration number: 5618265
The company is a private company limited by shares, registered in England and Wales.