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REGISTERED NUMBER: 00828005 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Treasure and Son Limited

Treasure and Son Limited (Registered number: 00828005)

Contents of the Financial Statements
for the year ended 31 December 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Treasure and Son Limited

Company Information
for the year ended 31 December 2023







Directors: N E Hill
G A Robertson
Mrs L A Sankey





Registered office: Temeside
Ludlow
Shropshire
SY8 1JW





Registered number: 00828005 (England and Wales)





Accountants: Acre Accountancy Limited
Unit 2 Foley Works
Foley Industrial Estate
Hereford
Herefordshire
HR1 2SF

Treasure and Son Limited (Registered number: 00828005)

Abridged Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £   
FIXED ASSETS
Tangible assets 4 147,021 128,111

CURRENT ASSETS
Stocks 556,904 392,116
Debtors 778,452 679,699
Cash at bank 611,592 664,779
1,946,948 1,736,594
CREDITORS
Amounts falling due within one year (1,190,156 ) (959,118 )
NET CURRENT ASSETS 756,792 777,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,813

905,587

CREDITORS
Amounts falling due after more than one year (45,624 ) (68,411 )

PROVISIONS FOR LIABILITIES (33,288 ) -
NET ASSETS 824,901 837,176

CAPITAL AND RESERVES
Called up share capital 5 16 16
Share premium 11,171 11,171
Capital redemption reserve 121 121
Retained earnings 813,593 825,868
SHAREHOLDERS' FUNDS 824,901 837,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Treasure and Son Limited (Registered number: 00828005)

Abridged Balance Sheet - continued
31 December 2023


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 December 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 18 July 2024 and were signed on its behalf by:





Mrs L A Sankey - Director


Treasure and Son Limited (Registered number: 00828005)

Notes to the Financial Statements
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Treasure and Son 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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 33% on cost

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

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

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.

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.

Treasure and Son Limited (Registered number: 00828005)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2022 - 44 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
Cost
At 1 January 2023 974,889
Additions 58,105
Disposals (19,946 )
At 31 December 2023 1,013,048
Depreciation
At 1 January 2023 846,778
Charge for year 39,195
Eliminated on disposal (19,946 )
At 31 December 2023 866,027
Net book value
At 31 December 2023 147,021
At 31 December 2022 128,111

The net book value of plant and machinery includes £NIL (2022: £8,100) in respect of assets held under hire purchase leases. The depreciation of which was £NIL (2022: £8,100).

The net book value of motor vehicles includes £12,286 (2022: £30,057) in respect of assets held under hire purchase leases. The depreciation of which was £11,926 (2022: £17,760).

Treasure and Son Limited (Registered number: 00828005)

Notes to the Financial Statements - continued
for the year ended 31 December 2023


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
698 Ordinary A 0.01 7 7
698 Ordinary B 0.01 7 7
155 Ordinary C 0.01 2 2
16 16