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REGISTERED NUMBER: 09003068 (England and Wales)















HOLLINGSWORTH & CO LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)






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

Chartered Accountants' Report 8

HOLLINGSWORTH & CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J A Hollingsworth





REGISTERED OFFICE: Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA





REGISTERED NUMBER: 09003068 (England and Wales)





ACCOUNTANTS: Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA

HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 384,325 360,000
Tangible assets 5 1,771 3,916
Investments 6 161,416 161,416
547,512 525,332

CURRENT ASSETS
Work in progress 95,093 73,357
Debtors 7 147,443 171,958
Cash in hand 12 (14 )
242,548 245,301
CREDITORS
Amounts falling due within one year 8 334,211 304,245
NET CURRENT LIABILITIES (91,663 ) (58,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,849

466,388

CREDITORS
Amounts falling due after more than one year 9 (25,088 ) (56,441 )

PROVISIONS FOR LIABILITIES 11 (443 ) (744 )
NET ASSETS 430,318 409,203

CAPITAL AND RESERVES
Called up share capital 101 101
Share premium 12 360,000 360,000
Retained earnings 12 70,217 49,102
SHAREHOLDERS' FUNDS 430,318 409,203

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.

HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)

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 26 September 2024 and were signed by:





J A Hollingsworth - Director


HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Hollingsworth & Co 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 services, excluding value added tax.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress 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.

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.

HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023 360,000
Additions 24,325
At 31 December 2023 384,325
NET BOOK VALUE
At 31 December 2023 384,325
At 31 December 2022 360,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 8,475 30,974 39,449
Additions 246 1,039 1,285
At 31 December 2023 8,721 32,013 40,734
DEPRECIATION
At 1 January 2023 8,154 27,379 35,533
Charge for year 116 3,314 3,430
At 31 December 2023 8,270 30,693 38,963
NET BOOK VALUE
At 31 December 2023 451 1,320 1,771
At 31 December 2022 321 3,595 3,916

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 161,416
NET BOOK VALUE
At 31 December 2023 161,416
At 31 December 2022 161,416

HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 139,475 139,389
Other debtors 5,001 23,533
Prepayments and accrued income 2,967 9,036
147,443 171,958

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 58,843 57,902
Other loans 63,233 60,508
Bank loan 16,757 16,069
Trade creditors 27,349 35,560
Corporation tax 55,544 34,384
Social security and other taxes 46,757 35,799
VAT 31,042 28,337
Other creditors - 6,017
Directors' current accounts 104 22
Accrued expenses 34,582 29,647
334,211 304,245

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans 13,750 29,521
Bank loan 11,338 26,920
25,088 56,441

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 58,843 57,902
Bank loan - 42,989
58,843 100,891

The bank loan and overdraft are secured by a charge over the business and by a personal guarantee from the director.

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 443 744

HOLLINGSWORTH & CO LIMITED (REGISTERED NUMBER: 09003068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 744
Credit to Income Statement during year (301 )
Balance at 31 December 2023 443

12. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 49,102 360,000 409,102
Profit for the year 145,064 145,064
Dividends (123,949 ) (123,949 )
At 31 December 2023 70,217 360,000 430,217

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
HOLLINGSWORTH & CO LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hollingsworth & Co Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hollingsworth & Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hollingsworth & Co Limited and state those matters that we have agreed to state to the director of Hollingsworth & Co Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hollingsworth & Co Limited and its director for our work or for this report.

It is your duty to ensure that Hollingsworth & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Hollingsworth & Co Limited. You consider that Hollingsworth & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hollingsworth & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hollingsworth & Co Ltd
Coppice House
Halesfield 7
Telford
Shropshire
TF7 4NA


26 September 2024