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REGISTERED NUMBER: 02766585 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Fowler And Holden Limited

Fowler And Holden Limited (Registered number: 02766585)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fowler And Holden Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: T D Brooksbank
J L Frewin
E A Kolodner





REGISTERED OFFICE: Railway Street
Grimsby
NE Lincolnshire
DN32 7DB





REGISTERED NUMBER: 02766585 (England and Wales)





AUDITORS: Rusling & Co, Statutory Auditor
F6 The Bloc
Anlaby
East Yorkshire
HU10 6RJ

Fowler And Holden Limited (Registered number: 02766585)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 936,345 981,425

CURRENT ASSETS
Stocks 74,296 120,763
Debtors 5 2,955,168 2,970,834
Cash at bank and in hand 172,143 183,551
3,201,607 3,275,148
CREDITORS
Amounts falling due within one year 6 772,820 970,599
NET CURRENT ASSETS 2,428,787 2,304,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,365,132

3,285,974

CREDITORS
Amounts falling due after more than one
year

7

(431,893

)

(619,575

)

PROVISIONS FOR LIABILITIES (124,096 ) (118,009 )
NET ASSETS 2,809,143 2,548,390

CAPITAL AND RESERVES
Called up share capital 2,550 2,550
Capital redemption reserve 12,650 12,650
Retained earnings 2,793,943 2,533,190
2,809,143 2,548,390

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 13 August 2024 and were signed on its behalf by:





T D Brooksbank - Director


Fowler And Holden Limited (Registered number: 02766585)

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


1. STATUTORY INFORMATION

Fowler And Holden 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.
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 10% 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.

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.

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.

Fowler And Holden Limited (Registered number: 02766585)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 30 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 277,924 1,437,808 1,715,732
Additions 5,284 10,331 15,615
At 31 December 2023 283,208 1,448,139 1,731,347
DEPRECIATION
At 1 January 2023 - 734,307 734,307
Charge for year - 60,695 60,695
At 31 December 2023 - 795,002 795,002
NET BOOK VALUE
At 31 December 2023 283,208 653,137 936,345
At 31 December 2022 277,924 703,501 981,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 435,490 639,924
Amounts owed by group undertakings 2,514,778 2,327,801
Other debtors 4,900 3,109
2,955,168 2,970,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 201,859 247,002
Hire purchase contracts 13,659 13,659
Trade creditors 190,496 265,895
Taxation and social security 224,792 85,262
Other creditors 142,014 358,781
772,820 970,599

Fowler And Holden Limited (Registered number: 02766585)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 402,288 576,311
Hire purchase contracts 29,605 43,264
431,893 619,575

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Rusling FCA (Senior Statutory Auditor)
for and on behalf of Rusling & Co, Statutory Auditor

9. RELATED PARTY DISCLOSURES

At the period end the company was owed £2,512,801 (2022 - £2,327,801) by a company under common control. The loan is non-interest bearing and there are no formal terms of repayment.

At the period end the company was owed £1,977 (2022 - £nil) by a company under common control. The loan is non-interest bearing and there are no formal terms of repayment.

10. ULTIMATE CONTROLLING PARTY

During the period under review the company was controlled by Mr EA Kolodner, Mr T Brooksbank and Mr JL Frewin.