4 false false false false false false false false false false true false false false false false false No description of principal activity 2021-12-28 Sage Accounts Production Advanced 2023 - FRS102_2023 4,917 2,998 990 3,988 929 1,919 12 12 12 xbrli:pure xbrli:shares iso4217:GBP 05987658 2021-12-28 2022-12-25 05987658 2022-12-25 05987658 2021-12-27 05987658 2020-12-30 2021-12-27 05987658 2021-12-27 05987658 2020-12-29 05987658 core:FurnitureFittings 2021-12-28 2022-12-25 05987658 core:MotorVehicles 2021-12-28 2022-12-25 05987658 bus:Director1 2021-12-28 2022-12-25 05987658 bus:Director2 2021-12-28 2022-12-25 05987658 core:FurnitureFittings 2021-12-27 05987658 core:FurnitureFittings 2022-12-25 05987658 core:WithinOneYear 2022-12-25 05987658 core:WithinOneYear 2021-12-27 05987658 core:AfterOneYear 2022-12-25 05987658 core:AfterOneYear 2021-12-27 05987658 core:ShareCapital 2022-12-25 05987658 core:ShareCapital 2021-12-27 05987658 core:RetainedEarningsAccumulatedLosses 2022-12-25 05987658 core:RetainedEarningsAccumulatedLosses 2021-12-27 05987658 core:CostValuation core:Non-currentFinancialInstruments 2022-12-25 05987658 core:Non-currentFinancialInstruments 2022-12-25 05987658 core:Non-currentFinancialInstruments 2021-12-27 05987658 core:FurnitureFittings 2021-12-27 05987658 bus:SmallEntities 2021-12-28 2022-12-25 05987658 bus:AuditExemptWithAccountantsReport 2021-12-28 2022-12-25 05987658 bus:SmallCompaniesRegimeForAccounts 2021-12-28 2022-12-25 05987658 bus:PrivateLimitedCompanyLtd 2021-12-28 2022-12-25 05987658 bus:FullAccounts 2021-12-28 2022-12-25
COMPANY REGISTRATION NUMBER: 05987658
HOLYWELL GENERAL TRADING COMPANY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
25 December 2022
HOLYWELL GENERAL TRADING COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION
25 December 2022
25 Dec 22
27 Dec 21
Note
£
£
£
FIXED ASSETS
Tangible assets
5
929
1,919
Investments
6
12
12
----
-------
941
1,931
CURRENT ASSETS
Stocks
818,462
818,462
Debtors
7
2,984,821
2,935,825
Cash at bank and in hand
5,308
125,767
------------
------------
3,808,591
3,880,054
CREDITORS: amounts falling due within one year
8
( 3,617,699)
( 3,626,264)
------------
------------
NET CURRENT ASSETS
190,892
253,790
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
191,833
255,721
CREDITORS: amounts falling due after more than one year
9
( 131,833)
( 187,388)
---------
---------
NET ASSETS
60,000
68,333
---------
---------
CAPITAL AND RESERVES
Called up share capital
4
4
Profit and loss account
59,996
68,329
--------
--------
SHAREHOLDERS FUNDS
60,000
68,333
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 25 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period 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 financial statements .
HOLYWELL GENERAL TRADING COMPANY LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
25 December 2022
These financial statements were approved by the board of directors and authorised for issue on 12 August 2024 , and are signed on behalf of the board by:
I A Barnett
D J Fox
Director
Director
Company registration number: 05987658
HOLYWELL GENERAL TRADING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 28 DECEMBER 2021 TO 25 DECEMBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed the ongoing financial support of the major creditor of the company. The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
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.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods supplied, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing difference that have originated but not reversed at the balance sheet date.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
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 and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 4 (2021: 4 ).
5. TANGIBLE ASSETS
Fixtures and fittings
Total
£
£
Cost
At 28 December 2021 and 25 December 2022
4,917
4,917
-------
-------
Depreciation
At 28 December 2021
2,998
2,998
Charge for the period
990
990
-------
-------
At 25 December 2022
3,988
3,988
-------
-------
Carrying amount
At 25 December 2022
929
929
-------
-------
At 27 December 2021
1,919
1,919
-------
-------
6. INVESTMENTS
Other investments other than loans
£
Cost
At 28 December 2021 and 25 December 2022
12
----
Impairment
At 28 December 2021 and 25 December 2022
----
Carrying amount
At 25 December 2022
12
----
At 27 December 2021
12
----
7. DEBTORS
25 Dec 22
27 Dec 21
£
£
Trade debtors
75,681
50,745
Other debtors
2,909,140
2,885,080
------------
------------
2,984,821
2,935,825
------------
------------
8. CREDITORS: amounts falling due within one year
25 Dec 22
27 Dec 21
£
£
Bank loans and overdrafts
55,555
55,555
Trade creditors
10,805
20,488
Corporation tax
8,224
Social security and other taxes
3,445
1,714
Amounts due to related companies
1,739,788
1,739,788
Other creditors
1,808,106
1,800,495
------------
------------
3,617,699
3,626,264
------------
------------
9. CREDITORS: amounts falling due after more than one year
25 Dec 22
27 Dec 21
£
£
Bank loans and overdrafts
131,833
187,388
---------
---------