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REGISTERED NUMBER: 04997396 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Bill Holgate & Son Limited

Bill Holgate & Son Limited (Registered number: 04997396)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bill Holgate & Son Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mr I J Holgate





REGISTERED OFFICE: Suites 5 & 6, The Printworks
Ribble Valley Enterprise Park
Barrow, Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 04997396 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Bill Holgate & Son Limited (Registered number: 04997396)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,589 3,038

CURRENT ASSETS
Debtors 5 187 169
Cash at bank 4,913 5,495
5,100 5,664
CREDITORS
Amounts falling due within one year 6 4,672 3,050
NET CURRENT ASSETS 428 2,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,017

5,652

PROVISIONS FOR LIABILITIES 7 492 577
NET ASSETS 2,525 5,075

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 2,425 4,975
SHAREHOLDERS' FUNDS 2,525 5,075

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.

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 26 September 2024 and were signed by:



Mr I J Holgate - Director


Bill Holgate & Son Limited (Registered number: 04997396)

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


1. STATUTORY INFORMATION

Bill Holgate & Son 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 represents net invoiced sales of goods and services, excluding value added tax.

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
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Bill Holgate & Son Limited (Registered number: 04997396)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 837 477 5,000 1,264 7,578
Additions - - - 430 430
At 31 December 2023 837 477 5,000 1,694 8,008
DEPRECIATION
At 1 January 2023 632 456 2,188 1,264 4,540
Charge for year 30 3 703 143 879
At 31 December 2023 662 459 2,891 1,407 5,419
NET BOOK VALUE
At 31 December 2023 175 18 2,109 287 2,589
At 31 December 2022 205 21 2,812 - 3,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments 187 169

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 1,104 -
Corporation tax 2,067 1,018
Directors' current accounts 380 964
Accrued expenses 1,121 1,068
4,672 3,050

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 492 577

Deferred
tax
£   
Balance at 1 January 2023 577
Provided during year (85 )
Balance at 31 December 2023 492

Bill Holgate & Son Limited (Registered number: 04997396)

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


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr I J Holgate.