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Company Registration No. 12479677 (England and Wales)
Holland Brothers Limited Unaudited accounts for the year ended 31 March 2024
Holland Brothers Limited Unaudited accounts Contents
Page
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Holland Brothers Limited Company Information for the year ended 31 March 2024
Directors
Colin Holland Giles Holland
Company Number
12479677 (England and Wales)
Registered Office
Unit 410 Brickfields Workspace 37 Cremer Street London E2 8HD
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Holland Brothers Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,682 
6,440 
Current assets
Debtors
19,676 
16,838 
Cash at bank and in hand
21,325 
20,290 
41,001 
37,128 
Creditors: amounts falling due within one year
(25,546)
(16,982)
Net current assets
15,455 
20,146 
Total assets less current liabilities
34,137 
26,586 
Creditors: amounts falling due after more than one year
(6,837)
(9,785)
Provisions for liabilities
Deferred tax
(3,549)
(1,224)
Net assets
23,751 
15,577 
Capital and reserves
Called up share capital
100 
100 
Share premium
9,990 
9,990 
Profit and loss account
13,661 
5,487 
Shareholders' funds
23,751 
15,577 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by
Colin Holland Director Company Registration No. 12479677
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Holland Brothers Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Holland Brothers Limited is a private company, limited by shares, registered in England and Wales, registration number 12479677. The registered office is Unit 410 Brickfields Workspace, 37 Cremer Street, London, E2 8HD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Computer equipment
25%
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Holland Brothers Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
7,004 
1,582 
8,586 
Additions
10,832 
7,637 
18,469 
At 31 March 2024
17,836 
9,219 
27,055 
Depreciation
At 1 April 2023
1,751 
395 
2,146 
Charge for the year
4,021 
2,206 
6,227 
At 31 March 2024
5,772 
2,601 
8,373 
Net book value
At 31 March 2024
12,064 
6,618 
18,682 
At 31 March 2023
5,253 
1,187 
6,440 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
15,180 
12,342 
Accrued income and prepayments
4,496 
4,496 
19,676 
16,838 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,000 
3,000 
VAT
1,921 
1,522 
Trade creditors
5,075 
- 
Taxes and social security
7,351 
3,120 
Other creditors
1,787 
1,628 
Loans from directors
5,912 
5,912 
Accruals
500 
500 
Deferred income
- 
1,300 
25,546 
16,982 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,837 
9,785 
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Holland Brothers Limited Notes to the Accounts for the year ended 31 March 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
3,549 
1,224 
2024 
2023 
£ 
£ 
Provision at start of year
1,224 
- 
Charged to the profit and loss account
2,325 
1,224 
Provision at end of year
3,549 
1,224 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Operating lease commitments
2024 
2023 
£ 
£ 
At 31 March 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
11,238 
10,705 
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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