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Registered number: 01065423

H Foster 1875 Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

Prepared By:
Simon Porter FCA
1 Prospect Street
Caversham
Reading
RG4 8JB

H Foster 1875 Limited

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
DIRECTORS
S S Eggar
T S Eggar
REGISTERED OFFICE
Stuart Cottage, Blackbirds Bottom
Goring Heath
Reading
Berkshire
RG8 7SX
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 01065423
ACCOUNTANTS
Simon Porter FCA
1 Prospect Street
Caversham
Reading
RG4 8JB

H Foster 1875 Limited

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

H Foster 1875 Limited

BALANCE SHEET AT 30 November 2023
20232022
Notes££
FIXED ASSETS
Intangible assets3151,254206,254
Tangible assets4103,616112,384
Investment Assets54,8564,856
259,726323,494
CURRENT ASSETS
Stock580,846538,307
Debtors7975,3921,145,886
Cash at bank and in hand25,7608,935
1,581,9981,693,128
CREDITORS: Amounts falling due within one year8970,8911,019,700
NET CURRENT ASSETS611,107673,428
TOTAL ASSETS LESS CURRENT LIABILITIES870,833996,922
PROVISIONS FOR LIABILITIES AND CHARGES91,343-
NET ASSETS869,490996,922
CAPITAL AND RESERVES
Called up share capital10500500
Profit and loss account868,990996,422
SHAREHOLDERS' FUNDS869,490996,922
For the year ending 30 November 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11 July 2024 and signed on their behalf by
.............................
S S Eggar
Director

H Foster 1875 Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The Company's principal place of business is The Old Brewery, Unit 2, Thames Court, Goring, Reading RG8 9AQ.
1b. Going Concern
These financial statements have been prepared on the assumption that the company is able to continue as a going concern, on the basis that the company will continue to have the support of the parent company and the directors, who have resolved that the loans from the group will not become repayable until the company has funds available.
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Commercial Vehiclesstraight line 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1d. Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based upon the cost of purchase on a first in, first out, basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If the stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately.
1e. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1f. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.

H Foster 1875 Limited

1g. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
2. EMPLOYEES
20232022
No.No.
Average number of employees77
3. INTANGIBLE FIXED ASSETS
Purchased
PatentsGoodwillTotal
£££
Cost
At 1 December 20224550,000550,004
At 30 November 20234550,000550,004
Depreciation
At 1 December 2022-343,750343,750
For the year-55,00055,000
At 30 November 2023-398,750398,750
Net Book Amounts
At 30 November 20234151,250151,254
At 30 November 20224206,250206,254
During the years to November 2022 and 2023 the Company incurred trading losses and the Directors have considered whether the goodwill held by the Company is impaired. As a result of the disposal of the Company premises and the costs saving that this has created, together with other cost savings, they have formed the view that the Company will be cash generative going forward and so consider the goodwill to be unimpaired at this satge, although they will review again going forward.

H Foster 1875 Limited

4. TANGIBLE FIXED ASSETS
Land AndPlant andCommercialFixtures
BuildingsMachineryVehiclesand FittingsEquipmentTotal
££££££
Cost
At 1 December 202295,00020,76430,0007,58411,092164,440
Additions----1,6701,670
At 30 November 202395,00020,76430,0007,58412,762166,110
Depreciation
At 1 December 2022-15,47122,5004,00610,07952,056
For the year-1,3237,5005371,07810,438
At 30 November 2023-16,79430,0004,54311,15762,494
Net Book Amounts
At 30 November 202395,0003,970-3,0411,605103,616
At 30 November 202295,0005,2937,5003,5781,013112,384
5. FINANCIAL ASSETS
Shares in group companies
and participating interestsTotal
££
Cost
At 1 December 20224,8564,856
At 30 November 20234,8564,856
Amortisation
Net Book Amounts
At 30 November 20234,8564,856
At 30 November 20224,8564,856
6. STOCK 20232022
££
Stock comprises:
Raw materials and consumables580,846538,307
580,846538,307

H Foster 1875 Limited

7. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors515,150709,772
Other debtors251,997221,126
Amounts due from group companies106,334104,382
Prepayments45,97054,665
Deferred taxation55,94155,941
975,3921,145,886
Comparative balances have been restated to gross up incorrect netting off.
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax3,1443,144
Other taxation and social security96,40291,957
Bank Loan409,467471,020
Trade creditors437,400394,608
Other creditors-38,199
Accruals6,22310,419
Amounts due to group companies18,25510,353
970,8911,019,700
Comparative balances have been restated to gross up incorrect netting off.
9. PROVISIONS FOR LIABILITIES 20232022
££
Pensions1,343-
Deferred taxation(55,941)(55,941)
1,343-
10. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
500 Ordinary shares of £1 each500500
500500

H Foster 1875 Limited

11. CONTROLLING PARTY
The immediate and ultimate parent company is Eggar & Co (1972) Limited, a company registered in England and Wales.
12. RELATED PARTY TRANSACTIONS
At the year end the company was owed £12,000 by SS Eggar, a director (2022 - £37,000 owed to SS Eggar).
At the year end the company was owed £33,148 (2022 - £30,407) by MA Eggar, a former director, and £146,049 (2022 - £156,479) by TS Eggar, a director.
At the year end the company owed H Foster & Co Limited £18,298 (2022 - £10,353), and was owed £106,334 (2022 - £104,382) by Eggar & Co (1972) Limited.
13. COMMITMENTS UNDER OPERATING LEASES
At the year end the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
Not later than 1 year18,89444,181
Later than 1 year and not later than 5 years018,894
18,89463,075