REGISTERED NUMBER: |
W.H.BUTLER & SONS(FOUNDERS)LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 MARCH 2024 |
REGISTERED NUMBER: |
W.H.BUTLER & SONS(FOUNDERS)LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 MARCH 2024 |
W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
W.H.BUTLER & SONS(FOUNDERS)LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
The Turbine |
Shireoaks Triangle |
Coach Close |
Worksop |
Nottinghamshire |
S81 8AP |
W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
BALANCE SHEET |
31 MARCH 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Revaluation reserve | 10 |
Capital redemption reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
BALANCE SHEET - continued |
31 MARCH 2024 |
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 |
W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 MARCH 2024 |
1. | STATUTORY INFORMATION |
W.H.Butler & Sons(Founders)Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax. |
Tangible fixed assets |
Land and buildings | - |
Plant and machinery etc | - |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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. |
Going concern |
The financial statements have been prepared on a going concern basis which assumes that the company will have sufficient funds available to enable it to continue to trade for the foreseeable future. In making their assessment that the assumption is correct the director has undertaken an indepth review of the business, its current prospects and cash resources. |
Grant income |
Grant income, towards the funding of capital costs, is recognised over the expected useful life of the assets to which it relates. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 April 2023 |
Additions |
At 31 March 2024 |
DEPRECIATION |
At 1 April 2023 |
Charge for year |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Cost or valuation at 31 March 2024 is represented by: |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2018 | 361,800 | - | 361,800 |
Cost | 917,651 | 71,793 | 989,444 |
1,279,451 | 71,793 | 1,351,244 |
If freehold land and buildings had not been revalued they would have been included at the following historical cost: |
2024 | 2023 |
£ | £ |
Cost | 917,651 | 908,384 |
Aggregate depreciation | 307,451 | 285,572 |
Value of land in freehold land and buildings | 610,200 | 622,812 |
Freehold land and buildings were valued on an open market basis on 5 September 2018 by Renshaw Chartered Surveyors . |
W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2023 |
Disposals | ( |
) |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
During the year W.H.Butler & Sons(Founders) Ltd disposed of its 50% shareholding in Arrow Butler Casting Limited |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 MARCH 2024 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
2024 | 2023 |
£ | £ |
Bank loans |
National Westminster Bank PLC held a fixed charge over all legal interest the company has in land on Station Road. This charge was satisfied in full on 17 May 2023. |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1 April 2023 |
Reserves transfer | (33,177 | ) |
At 31 March 2024 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the year end the company owed the director £7,409 (2023 : £7,409). There are no fixed repayment terms and no interest is payable on the loan. |
12. | ULTIMATE CONTROLLING PARTY |
The ultimate controlling party is |