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REGISTERED NUMBER: 03694250 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

FRED HENDERSON LIMITED

FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)






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


FRED HENDERSON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: F W Henderson
V Henderson
D W Henderson
K Henderson



SECRETARY: V Henderson



REGISTERED OFFICE: Langley Bridge Garage
Langley Moor
Durham
DH7 8JZ



REGISTERED NUMBER: 03694250 (England and Wales)



ACCOUNTANTS: RMT Ribchesters
Accountants and Business Advisors
Finchale House
Belmont Business Park
Durham
DH1 1TW



BANKERS: Barclays Bank plc
Market Place
Durham
DH1 3ND

FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,220,976 1,298,083
1,220,976 1,298,083

CURRENT ASSETS
Stocks 805,523 936,887
Debtors 6 710,887 357,659
Cash at bank and in hand 415,938 293,073
1,932,348 1,587,619
CREDITORS
Amounts falling due within one year 7 1,150,354 863,158
NET CURRENT ASSETS 781,994 724,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,002,970

2,022,544

CREDITORS
Amounts falling due after more than one
year

8

(322,510

)

(354,173

)

PROVISIONS FOR LIABILITIES (24,338 ) (40,509 )
NET ASSETS 1,656,122 1,627,862

CAPITAL AND RESERVES
Called up share capital 10 1,600 1,600
Retained earnings 1,654,522 1,626,262
SHAREHOLDERS' FUNDS 1,656,122 1,627,862

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 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.

FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)

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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





D W Henderson - Director


FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Fred Henderson 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.

Income is recognised in the profit and loss account on completion of individual jobs in respect of work done and at the point of sale in respect of vehicle sales.

Goodwill
Goodwill arising on the acquisition of a business is amortised on a straight line basis over its estimated useful life, which is assessed on an individual acquisition basis. The amortisation periods currently being adopted are:
Year of acquisition Amortisation period
1999 10 years
2016 2 years

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Police scene of crime unit - 10% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - between 15% - 25% on reducing balance
Computer equipment - 33% 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 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.


FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. 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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 220,030
AMORTISATION
At 1 May 2023
and 30 April 2024 220,030
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 943,298 860,956 1,804,254
Additions - 19,661 19,661
Disposals - (11,430 ) (11,430 )
At 30 April 2024 943,298 869,187 1,812,485
DEPRECIATION
At 1 May 2023 14,254 491,917 506,171
Charge for year - 94,703 94,703
Eliminated on disposal - (9,365 ) (9,365 )
At 30 April 2024 14,254 577,255 591,509
NET BOOK VALUE
At 30 April 2024 929,044 291,932 1,220,976
At 30 April 2023 929,044 369,039 1,298,083

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,144 67,746
Other debtors 658,743 289,913
710,887 357,659

Other debtors includes funds deposited against used car warranties given, £10,000 of which will not be recoverable until more than 12 months from the balance sheet date.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,350 25,000
Trade creditors 93,708 146,508
Taxation and social security 103,184 49,265
Other creditors 925,112 642,385
1,150,354 863,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 322,510 354,173

FRED HENDERSON LIMITED (REGISTERED NUMBER: 03694250)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loan > 5 years 209,110 254,173

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 350,860 379,173

A bank loan is secured by a fixed charge over the company's freehold property and a floating charge over other company assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A £1 1,000 1,000
600 Class B £1 600 600
1,600 1,600

Ordinary A Shares give the shareholders full voting and equity rights in the Company, but Class B Shares do not carry any voting rights or winding up rights. Each class of share has separate dividend rights.

11. RELATED PARTY DISCLOSURES

During the year the directors provided an interest free loan to the company. The balance at the year ended 30 April 2024 totalled £46,095 (2023:- £58,280).