Company registration number 11717031 (England and Wales)
SD HOWELL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
SD HOWELL LTD
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
SD HOWELL LTD
COMPANY INFORMATION
- 1 -
Directors
Mr S D Howell
Mrs L Howell
(Appointed 1 October 2023)
Mr J Howell
(Appointed 1 October 2023)
Company number
11717031
Registered office
10 Bridge Street
Christchurch
Dorset
BH23 1EF
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
Business address
12 Hyde Close
Southampton
Hampshire
SO15 5QA
SD HOWELL LTD
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Intangible assets
3
4,000
4,500
Tangible assets
4
280
405
4,280
4,905
Current assets
Debtors
5
4,168
3,896
Cash at bank and in hand
11,242
8,230
15,410
12,126
Creditors: amounts falling due within one year
6
(21,104)
(9,636)
Net current (liabilities)/assets
(5,694)
2,490
Total assets less current liabilities
(1,414)
7,395
Creditors: amounts falling due after more than one year
7
(8,334)
(9,754)
Net liabilities
(9,748)
(2,359)
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
(9,749)
(2,360)
Total equity
(9,748)
(2,359)
SD HOWELL LTD
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 August 2024 and are signed on its behalf by:
Mr S D Howell
Director
Company Registration No. 11717031
The notes on pages 4 to 7 form part of these financial statements
SD HOWELL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

SD Howell Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 10 Bridge Street, Christchurch, Dorset, BH23 1EF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% on cost
Computers
33.33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SD HOWELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
3
1
SD HOWELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 6 -
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2023 and 31 December 2023
5,000
Amortisation and impairment
At 1 January 2023
500
Amortisation charged for the year
500
At 31 December 2023
1,000
Carrying amount
At 31 December 2023
4,000
At 31 December 2022
4,500
4
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 January 2023
627
1,287
1,914
Additions
-
0
120
120
At 31 December 2023
627
1,407
2,034
Depreciation and impairment
At 1 January 2023
381
1,128
1,509
Depreciation charged in the year
125
120
245
At 31 December 2023
506
1,248
1,754
Carrying amount
At 31 December 2023
121
159
280
At 31 December 2022
246
159
405
SD HOWELL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 7 -
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
-
0
1,906
Other debtors
3,351
1,610
Prepayments and accrued income
817
380
4,168
3,896
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
1,419
1,384
Trade creditors
4,016
446
Taxation and social security
12,700
6,106
Other creditors
1,969
-
0
Accruals and deferred income
1,000
1,700
21,104
9,636
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
8,334
9,754

The bank loan is guaranteed by the government under the Bounce Bank Loan Scheme.

 

2023-12-312023-01-01false20 August 2024CCH SoftwareCCH Accounts Production 2024.100No description of principal activityMr S D HowellMrs L HowellMr J Howellfalsefalse117170312023-01-012023-12-3111717031bus:Director12023-01-012023-12-3111717031bus:Director22023-01-012023-12-3111717031bus:Director32023-01-012023-12-3111717031bus:RegisteredOffice2023-01-012023-12-31117170312023-12-31117170312022-12-3111717031core:NetGoodwill2023-12-3111717031core:NetGoodwill2022-12-3111717031core:FurnitureFittings2023-12-3111717031core:ComputerEquipment2023-12-3111717031core:FurnitureFittings2022-12-3111717031core:ComputerEquipment2022-12-3111717031core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3111717031core:CurrentFinancialInstrumentscore:WithinOneYear2022-12-3111717031core:Non-currentFinancialInstrumentscore:AfterOneYear2023-12-3111717031core:Non-currentFinancialInstrumentscore:AfterOneYear2022-12-3111717031core:CurrentFinancialInstruments2023-12-3111717031core:CurrentFinancialInstruments2022-12-3111717031core:ShareCapital2023-12-3111717031core:ShareCapital2022-12-3111717031core:RetainedEarningsAccumulatedLosses2023-12-3111717031core:RetainedEarningsAccumulatedLosses2022-12-3111717031core:Goodwill2023-01-012023-12-3111717031core:FurnitureFittings2023-01-012023-12-3111717031core:ComputerEquipment2023-01-012023-12-31117170312022-01-012022-12-3111717031core:NetGoodwill2022-12-3111717031core:NetGoodwill2023-01-012023-12-3111717031core:FurnitureFittings2022-12-3111717031core:ComputerEquipment2022-12-31117170312022-12-3111717031core:Non-currentFinancialInstruments2023-12-3111717031core:Non-currentFinancialInstruments2022-12-3111717031bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111717031bus:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111717031bus:FRS1022023-01-012023-12-3111717031bus:AuditExemptWithAccountantsReport2023-01-012023-12-3111717031bus:FullAccounts2023-01-012023-12-31xbrli:purexbrli:sharesiso4217:GBP