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REGISTERED NUMBER: 00900093 (England and Wales)















R.H.NUTTALL LIMITED

ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Chartered Accountants' Report 2

Abridged Statement of Financial Position 3 to 4

Notes to the Financial Statements 5 to 8


R.H.NUTTALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: S R Nuttall
B H Nuttall



SECRETARY: B H Nuttall



REGISTERED OFFICE: Great Brook Street
Nechells Green
Birmingham
West Midlands
B7 4EN



REGISTERED NUMBER: 00900093 (England and Wales)



ACCOUNTANTS: BCD Accountants Limited
Second Floor
21 Graham Street
Birmingham
United Kingdom
B1 3JR



BANKERS: Barclays Bank
15 Colmore Row
Birmingham
B3 2BY

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R.H.NUTTALL LIMITED

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 Statement of Financial Position. Readers are cautioned that the Abridged 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 R.H.Nuttall Limited for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged Statement of Financial Position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R.H.Nuttall Limited, 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 R.H.Nuttall Limited and state those matters that we have agreed to state to the Board of Directors of R.H.Nuttall Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R.H.Nuttall Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R.H.Nuttall Limited 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 R.H.Nuttall Limited. You consider that R.H.Nuttall Limited 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 R.H.Nuttall Limited. 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.






BCD Accountants Limited
Second Floor
21 Graham Street
Birmingham
United Kingdom
B1 3JR


3 September 2024

R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,357,343 1,394,259

CURRENT ASSETS
Stocks 505,000 523,000
Debtors 1,601,047 1,429,821
Cash at bank and in hand 531,728 467,278
2,637,775 2,420,099
CREDITORS
Amounts falling due within one year (732,857 ) (593,795 )
NET CURRENT ASSETS 1,904,918 1,826,304
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,262,261

3,220,563

CREDITORS
Amounts falling due after more than one year (39,047 ) (81,114 )

PROVISIONS FOR LIABILITIES (199,400 ) (159,065 )
NET ASSETS 3,023,814 2,980,384

CAPITAL AND RESERVES
Called up share capital 104 104
Share premium 3,116 3,116
Revaluation reserve 411,877 401,877
Retained earnings 2,608,717 2,575,287
SHAREHOLDERS' FUNDS 3,023,814 2,980,384

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.

R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)

ABRIDGED STATEMENT OF FINANCIAL POSITION - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 March 2024 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 3 September 2024 and were signed on its behalf by:





B H Nuttall - Director


R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

R.H.Nuttall 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 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.

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.
Freehold property - 1% on cost
Fixtures, fittings & equipment - 10% on reducing balance
Fixtures and fittings - 10% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Going concern
The financial statements have been prepared using the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2023 - 52 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 April 2023 1,763,230
Additions 2,715
Revaluations 10,000
At 31 March 2024 1,775,945
DEPRECIATION
At 1 April 2023 368,971
Charge for year 49,631
At 31 March 2024 418,602
NET BOOK VALUE
At 31 March 2024 1,357,343
At 31 March 2023 1,394,259

Included in cost or valuation of land and buildings is freehold land and property of £1,060,000 (2023 - £1,050,000).

R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Totals
£   
Valuation in 2018 434,416
Valuation in 2019 10,000
Valuation in 2020 10,000
Valuation in 2021 10,000
Valuation in 2022 10,000
Valuation in 2023 10,000
Valuation in 2024 10,000
Cost 1,281,529
1,775,945

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 565,584 565,584

The freehold property was valued on an open market basis on 31 March 2023 by the directors .

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

Totals
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 376,996
DEPRECIATION
At 1 April 2023 96,849
Charge for year 28,015
At 31 March 2024 124,864
NET BOOK VALUE
At 31 March 2024 252,132
At 31 March 2023 280,147

R.H.NUTTALL LIMITED (REGISTERED NUMBER: 00900093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 42,064 67,857
Between one and five years 39,047 81,114
81,111 148,971

Non-cancellable operating leases
2024 2023
£    £   
Within one year 45,847 45,847
Between one and five years 95,200 141,047
141,047 186,894