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REGISTERED NUMBER: 12421027 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Home Valley Brickworks Ltd

Home Valley Brickworks Ltd (Registered number: 12421027)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Home Valley Brickworks Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: C P Betts
D Walker





REGISTERED OFFICE: 28 Prescott Street
Halifax
West Yorkshire
HX1 2LG





REGISTERED NUMBER: 12421027 (England and Wales)





ACCOUNTANTS: Lindley Adams Limited Chartered Accountants
28 Prescott Street
Halifax
West Yorkshire
HX1 2LG

Home Valley Brickworks Ltd (Registered number: 12421027)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,547 26,424

CURRENT ASSETS
Debtors 5 57,137 61,408
Cash at bank 219,683 359,021
276,820 420,429
CREDITORS
Amounts falling due within one year 6 113,669 215,798
NET CURRENT ASSETS 163,151 204,631
TOTAL ASSETS LESS CURRENT
LIABILITIES

204,698

231,055

CREDITORS
Amounts falling due after more than one
year

7

25,708

38,691
NET ASSETS 178,990 192,364

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 178,890 192,264
178,990 192,364

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:



D Walker - Director


Home Valley Brickworks Ltd (Registered number: 12421027)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

Home Valley Brickworks Ltd 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.

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 cost
Fixtures and equipment - 15% on cost
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 6 ) .

Home Valley Brickworks Ltd (Registered number: 12421027)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 3,788 1,056 43,373 - 48,217
Additions - - 21,666 1,079 22,745
At 31 January 2024 3,788 1,056 65,039 1,079 70,962
DEPRECIATION
At 1 February 2023 1,605 475 19,713 - 21,793
Charge for year 568 158 6,540 356 7,622
At 31 January 2024 2,173 633 26,253 356 29,415
NET BOOK VALUE
At 31 January 2024 1,615 423 38,786 723 41,547
At 31 January 2023 2,183 581 23,660 - 26,424

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 8,015 61,408
Directors' loan accounts 31,211 -
VAT 17,911 -
57,137 61,408

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,719 3,719
Trade creditors 7,186 60,244
Taxation and social security 46,364 85,746
Other creditors 46,400 56,089
113,669 215,798

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 18,199 27,500
Hire purchase contracts 7,509 11,191
25,708 38,691

Home Valley Brickworks Ltd (Registered number: 12421027)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
D Walker
Balance outstanding at start of year (308 ) (308 )
Amounts advanced 67,612 -
Amounts repaid (55,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,304 (308 )

C P Betts
Balance outstanding at start of year (3,380 ) (3,380 )
Amounts advanced 77,288 -
Amounts repaid (55,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,908 (3,380 )

All loans to directors are repayable on demand.

Interest is charged on overdrawn amounts at 2.25%.