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REGISTERED NUMBER: 03907077 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Brian Hetherington Limited

Brian Hetherington Limited (Registered number: 03907077)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brian Hetherington Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr B J Hetherington





SECRETARY: Miss S Milburn





REGISTERED OFFICE: Hawkesdale Hill
Dalston
Carlisle
Cumbria
CA5 7BT





REGISTERED NUMBER: 03907077 (England and Wales)





ACCOUNTANTS: Benson Accountants
The Mill
Station Road
Wigton
Cumbria
CA7 9BA

Brian Hetherington Limited (Registered number: 03907077)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,418 72,068
Investments 5 52 52
107,470 72,120

CURRENT ASSETS
Stocks 88,406 166,628
Debtors 6 792,486 987,652
Investments 7 45,769 42,817
Cash at bank 811,255 612,686
1,737,916 1,809,783
CREDITORS
Amounts falling due within one year 8 190,694 212,823
NET CURRENT ASSETS 1,547,222 1,596,960
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,654,692

1,669,080

PROVISIONS FOR LIABILITIES 39,451 29,002
NET ASSETS 1,615,241 1,640,078

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,615,240 1,640,077
SHAREHOLDERS' FUNDS 1,615,241 1,640,078

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Brian Hetherington Limited (Registered number: 03907077)

Balance Sheet - continued
31 December 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 21 March 2024 and were signed by:





Mr B J Hetherington - Director


Brian Hetherington Limited (Registered number: 03907077)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brian Hetherington 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Brian Hetherington Limited (Registered number: 03907077)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed asset investments are included at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 123,721 595 65,114 189,430
Additions 54,696 - - 54,696
At 31 December 2023 178,417 595 65,114 244,126
DEPRECIATION
At 1 January 2023 62,845 333 54,184 117,362
Charge for year 17,336 40 1,970 19,346
At 31 December 2023 80,181 373 56,154 136,708
NET BOOK VALUE
At 31 December 2023 98,236 222 8,960 107,418
At 31 December 2022 60,876 262 10,930 72,068

5. FIXED ASSET INVESTMENTS
Interest
in joint Other
venture investments Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 50 2 52
NET BOOK VALUE
At 31 December 2023 50 2 52
At 31 December 2022 50 2 52

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 435,195 515,415
Other debtors 357,291 472,237
792,486 987,652

Brian Hetherington Limited (Registered number: 03907077)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CURRENT ASSET INVESTMENTS
31/12/23 31/12/22
£    £   
Listed investments 45,769 42,817

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 130,726 126,991
Taxation and social security 46,651 82,642
Other creditors 13,317 3,190
190,694 212,823

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31/12/23 31/12/22
£    £   
Within one year 1,500 1,500
Between one and five years 6,000 6,000
In more than five years 2,250 3,750
9,750 11,250

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
Mr B J Hetherington
Balance outstanding at start of year 151,403 124,324
Amounts advanced 32,343 150,303
Amounts repaid (120,109 ) (123,224 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 63,637 151,403

11. RELATED PARTY DISCLOSURES

The company operates from a property owned by the Self-Invested Personal Pension fund of the director, Mr B J Hetherington. Rent totalling £1,500 (2022 - £1,500) was paid for occupation of the property during the year. The amount outstanding at the balance sheet date was £nil (2022 - £nil).