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REGISTERED NUMBER: 07865381 (England and Wales)











Financial Statements for the Year Ended 30 April 2024

for

W A HOWDEN & SONS LIMITED

W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W A HOWDEN & SONS LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: W A Howden



SECRETARY:



REGISTERED OFFICE: 4 Alston Road
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0LZ



REGISTERED NUMBER: 07865381 (England and Wales)



ACCOUNTANT: Mourne & Co
10 Market Street
Chapel-en-le-Frith
High Peak
Derbyshire
SK23 0HH



BANKERS: National Westminster Bank Plc
Norfolk Square
Glossop
High Peak
Derbyshire
SK13 8BR

W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 313,728 354,416

CURRENT ASSETS
Debtors 6 85,411 66,207
Cash at bank 104,997 99,658
190,408 165,865
CREDITORS
Amounts falling due within one year 7 125,277 115,808
NET CURRENT ASSETS 65,131 50,057
TOTAL ASSETS LESS CURRENT
LIABILITIES

378,859

404,473

CREDITORS
Amounts falling due after more than one
year

8

221,111

294,400
NET ASSETS 157,748 110,073

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 11 157,248 109,573
SHAREHOLDERS' FUNDS 157,748 110,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 September 2024 and were signed by:





W A Howden - Director


W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

W A Howden & Sons 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
The following assets and liabilities are classified as financial instruments; trade debtors, trade creditors, bank loans and directors loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. 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.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 612,417 100 612,517
Additions 50,000 - 50,000
At 30 April 2024 662,417 100 662,517
DEPRECIATION
At 1 May 2023 258,001 100 258,101
Charge for year 90,688 - 90,688
At 30 April 2024 348,689 100 348,789
NET BOOK VALUE
At 30 April 2024 313,728 - 313,728
At 30 April 2023 354,416 - 354,416

W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2023 479,840
Additions 50,000
Transfer to ownership (53,500 )
At 30 April 2024 476,340
DEPRECIATION
At 1 May 2023 155,952
Charge for year 75,532
Transfer to ownership (23,406 )
At 30 April 2024 208,078
NET BOOK VALUE
At 30 April 2024 268,262
At 30 April 2023 323,888

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 68,611 41,795
Other debtors 16,800 16,431
VAT - 7,981
85,411 66,207

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 81,043 74,257
Trade creditors 26,974 22,315
Social security & other taxes 2,079 2,390
VAT 9,778 -
Other creditors - 1,520
Directors' current accounts 3,703 13,926
Accrued expenses 1,700 1,400
125,277 115,808

W A HOWDEN & SONS LIMITED (REGISTERED NUMBER: 07865381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 27,174 36,934
Hire purchase contracts 193,937 257,466
221,111 294,400

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due between two and five years:
Bank loan (BBLS) 27,174 36,934

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
500 Ordinary £1 500 500

11. RESERVES
Retained
earnings
£   

At 1 May 2023 109,573
Profit for the year 87,675
Dividends (40,000 )
At 30 April 2024 157,248

12. ULTIMATE CONTROLLING PARTY

The company was throughout the year under the control of the director W A Howden by virtue of his 100% holding of the issued ordinary share capital.