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REGISTERED NUMBER: 00530194 (England and Wales)















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: S Butler





REGISTERED OFFICE: 45 Turbine Business Centre
Coach Close
Shireoaks
Worksop
Nottinghamshire
S81 8AP





REGISTERED NUMBER: 00530194 (England and Wales)





ACCOUNTANTS: Smith Craven
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 1,194,897 1,208,969
Investments 5 - 241,000
1,194,897 1,449,969

CURRENT ASSETS
Debtors 6 173,747 84,964
Cash at bank 178,632 48,267
352,379 133,231
CREDITORS
Amounts falling due within one year 7 115,779 136,555
NET CURRENT ASSETS/(LIABILITIES) 236,600 (3,324 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,431,497

1,446,645

CREDITORS
Amounts falling due after more than one
year

8

-

(22,808

)

PROVISIONS FOR LIABILITIES (72,407 ) (72,407 )
NET ASSETS 1,359,090 1,351,430

CAPITAL AND RESERVES
Called up share capital 16,710 16,710
Share premium 11,710 11,710
Revaluation reserve 10 504,170 537,347
Capital redemption reserve 4,290 4,290
Retained earnings 822,210 781,373
SHAREHOLDERS' FUNDS 1,359,090 1,351,430

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

W.H.BUTLER & SONS(FOUNDERS)LIMITED (REGISTERED NUMBER: 00530194)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2024 and were signed by:





S Butler - Director


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 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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

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 2 (2023 - 1 ) .

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 1,275,701 71,518 1,347,219
Additions 3,750 275 4,025
At 31 March 2024 1,279,451 71,793 1,351,244
DEPRECIATION
At 1 April 2023 75,883 62,367 138,250
Charge for year 15,717 2,380 18,097
At 31 March 2024 91,600 64,747 156,347
NET BOOK VALUE
At 31 March 2024 1,187,851 7,046 1,194,897
At 31 March 2023 1,199,818 9,151 1,208,969

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 241,000
Disposals (241,000 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 241,000

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 72,347 83,564
Other debtors 101,400 1,400
173,747 84,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 9,540
Trade creditors 4,153 355
Taxation and social security 9,470 11,566
Other creditors 102,156 115,094
115,779 136,555

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 22,808

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 - 32,348

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 537,347
Reserves transfer (33,177 )

At 31 March 2024 504,170

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 S Butler.