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REGISTERED NUMBER: 04937986 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH NOVEMBER 2023

FOR

W R & V HOWORTH & SON LIMITED

W R & V HOWORTH & SON LIMITED (REGISTERED NUMBER: 04937986)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W R & V HOWORTH & SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH NOVEMBER 2023







DIRECTOR: Mr S R Howorth





SECRETARY: Mr J Howorth





REGISTERED OFFICE: Britannia House
371 Rochdale Road
Britannia
Bacup
Lancashire
OL13 9TH





REGISTERED NUMBER: 04937986 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

W R & V HOWORTH & SON LIMITED (REGISTERED NUMBER: 04937986)

BALANCE SHEET
28TH NOVEMBER 2023

28.11.23 28.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,398 10,252
9,398 10,252

CURRENT ASSETS
Stocks 3,750 3,750
Debtors 6 16,668 14,487
Cash at bank 3 34,751
20,421 52,988
CREDITORS
Amounts falling due within one year 7 41,094 56,677
NET CURRENT LIABILITIES (20,673 ) (3,689 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,275

)

6,563

CREDITORS
Amounts falling due after more than one
year

8

7,875

11,250
NET LIABILITIES (19,150 ) (4,687 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (19,250 ) (4,787 )
SHAREHOLDERS' FUNDS (19,150 ) (4,687 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

W R & V HOWORTH & SON LIMITED (REGISTERED NUMBER: 04937986)

BALANCE SHEET - continued
28TH NOVEMBER 2023


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22nd August 2024 and were signed by:





Mr S R Howorth - Director


W R & V HOWORTH & SON LIMITED (REGISTERED NUMBER: 04937986)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH NOVEMBER 2023


1. STATUTORY INFORMATION

W R & V Howorth & 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 represents sales and work done, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

W R & V HOWORTH & SON LIMITED (REGISTERED NUMBER: 04937986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH NOVEMBER 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29th November 2022
and 28th November 2023 12,000
AMORTISATION
At 29th November 2022
and 28th November 2023 12,000
NET BOOK VALUE
At 28th November 2023 -
At 28th November 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 29th November 2022 7,143 17,600 24,743
Additions - 2,645 2,645
At 28th November 2023 7,143 20,245 27,388
DEPRECIATION
At 29th November 2022 6,710 7,781 14,491
Charge for year 341 3,158 3,499
At 28th November 2023 7,051 10,939 17,990
NET BOOK VALUE
At 28th November 2023 92 9,306 9,398
At 28th November 2022 433 9,819 10,252

W R & V HOWORTH & SON LIMITED (REGISTERED NUMBER: 04937986)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH NOVEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.23 28.11.22
£    £   
Trade debtors 15,450 14,487
Other debtors 1,218 -
16,668 14,487

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.11.23 28.11.22
£    £   
Bank loans and overdrafts 13,401 4,500
Trade creditors 11,964 23,164
Taxation and social security 2,463 1,988
Other creditors 13,266 27,025
41,094 56,677

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.11.23 28.11.22
£    £   
Bank loans 7,875 11,250