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REGISTERED NUMBER: 05055396 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

William Hercock Ltd

William Hercock Ltd (Registered number: 05055396)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

William Hercock Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: JW Hercock
T R Hercock-Deceased





REGISTERED OFFICE: The Airfield Depot
Dalby Road
Melton Mowbray
Leicestershire
LE13 0BL





REGISTERED NUMBER: 05055396 (England and Wales)





ACCOUNTANTS: Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ

William Hercock Ltd (Registered number: 05055396)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 325,017 273,668
325,017 273,668

CURRENT ASSETS
Stocks 1,304,173 1,524,814
Debtors 6 3,056,927 2,727,627
Cash at bank and in hand 219,383 249,460
4,580,483 4,501,901
CREDITORS
Amounts falling due within one year 7 1,272,589 1,234,354
NET CURRENT ASSETS 3,307,894 3,267,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,632,911

3,541,215

CREDITORS
Amounts falling due after more than one year 8 (30,409 ) -

PROVISIONS FOR LIABILITIES (53,560 ) (41,969 )
NET ASSETS 3,548,942 3,499,246

CAPITAL AND RESERVES
Called up share capital 9 95 95
Capital redemption reserve 10 10
Retained earnings 3,548,837 3,499,141
SHAREHOLDERS' FUNDS 3,548,942 3,499,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

William Hercock Ltd (Registered number: 05055396)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





Mrs SJ Hercock - Director


William Hercock Ltd (Registered number: 05055396)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

William Hercock Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - at varying rates on cost
Computer equipment - 25% 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.

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.


William Hercock Ltd (Registered number: 05055396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 32 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 508,826
AMORTISATION
At 1 April 2023
and 31 March 2024 508,826
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

William Hercock Ltd (Registered number: 05055396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 51,951 1,305,466 1,357,417
Additions - 175,853 175,853
Disposals - (59,255 ) (59,255 )
At 31 March 2024 51,951 1,422,064 1,474,015
DEPRECIATION
At 1 April 2023 38,300 1,045,449 1,083,749
Charge for year 924 117,398 118,322
Eliminated on disposal - (53,073 ) (53,073 )
At 31 March 2024 39,224 1,109,774 1,148,998
NET BOOK VALUE
At 31 March 2024 12,727 312,290 325,017
At 31 March 2023 13,651 260,017 273,668

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2004 - 198,648 198,648
Cost 51,951 1,223,416 1,275,367
51,951 1,422,064 1,474,015

William Hercock Ltd (Registered number: 05055396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
Additions 80,396
At 31 March 2024 80,396
DEPRECIATION
Charge for year 1,783
At 31 March 2024 1,783
NET BOOK VALUE
At 31 March 2024 78,613

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 1,366,304 1,169,227
Other debtors 14,751 18,953
1,381,055 1,188,180

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,675,872 1,539,447

Aggregate amounts 3,056,927 2,727,627

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 27,692 -
Trade creditors 857,595 1,072,602
Taxation and social security 209,146 61,863
Other creditors 178,156 99,889
1,272,589 1,234,354

William Hercock Ltd (Registered number: 05055396)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 30,409 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
95 Ordinary 1 95 95

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
William Hercock Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of William Hercock Ltd for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of William Hercock Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of William Hercock Ltd and state those matters that we have agreed to state to the Board of Directors of William Hercock Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that William Hercock Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of William Hercock Ltd. You consider that William Hercock Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of William Hercock Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Charnwood Accountants & Business Advisors LLP
The Point
Granite Way
Mountsorrel
Loughborough
Leicestershire
LE12 7TZ


14 August 2024