Silverfin false false 31/03/2024 01/04/2023 31/03/2024 A W Cooper 13/05/2019 E Maple 13/05/2019 M Maple 03/10/2023 19/01/2005 C Maple 13/05/2019 25 September 2024 The principal activity of the Company during the financial year was that of kitchen furniture. 05337255 2024-03-31 05337255 bus:Director1 2024-03-31 05337255 bus:Director2 2024-03-31 05337255 bus:Director3 2024-03-31 05337255 bus:Director4 2024-03-31 05337255 2023-03-31 05337255 core:CurrentFinancialInstruments 2024-03-31 05337255 core:CurrentFinancialInstruments 2023-03-31 05337255 core:ShareCapital 2024-03-31 05337255 core:ShareCapital 2023-03-31 05337255 core:CapitalRedemptionReserve 2024-03-31 05337255 core:CapitalRedemptionReserve 2023-03-31 05337255 core:RetainedEarningsAccumulatedLosses 2024-03-31 05337255 core:RetainedEarningsAccumulatedLosses 2023-03-31 05337255 core:PlantMachinery 2023-03-31 05337255 core:Vehicles 2023-03-31 05337255 core:OfficeEquipment 2023-03-31 05337255 core:PlantMachinery 2024-03-31 05337255 core:Vehicles 2024-03-31 05337255 core:OfficeEquipment 2024-03-31 05337255 core:ImmediateParent core:CurrentFinancialInstruments 2024-03-31 05337255 core:ImmediateParent core:CurrentFinancialInstruments 2023-03-31 05337255 2023-04-01 2024-03-31 05337255 bus:FilletedAccounts 2023-04-01 2024-03-31 05337255 bus:SmallEntities 2023-04-01 2024-03-31 05337255 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05337255 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05337255 bus:Director1 2023-04-01 2024-03-31 05337255 bus:Director2 2023-04-01 2024-03-31 05337255 bus:Director3 2023-04-01 2024-03-31 05337255 bus:Director4 2023-04-01 2024-03-31 05337255 core:PlantMachinery 2023-04-01 2024-03-31 05337255 core:Vehicles 2023-04-01 2024-03-31 05337255 core:OfficeEquipment 2023-04-01 2024-03-31 05337255 2022-04-01 2023-03-31 05337255 1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 05337255 (England and Wales)

HOLTA LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

HOLTA LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

HOLTA LIMITED

BALANCE SHEET

As at 31 March 2024
HOLTA LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 37,169 58,652
37,169 58,652
Current assets
Stocks 4 35,400 35,400
Debtors 5 110,680 142,431
Cash at bank and in hand 64,412 59,293
210,492 237,124
Creditors: amounts falling due within one year 6 ( 147,486) ( 124,424)
Net current assets 63,006 112,700
Total assets less current liabilities 100,175 171,352
Provision for liabilities ( 9,292) ( 14,663)
Net assets 90,883 156,689
Capital and reserves
Called-up share capital 100 100
Capital redemption reserve 40 40
Profit and loss account 90,743 156,549
Total shareholders' funds 90,883 156,689

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Holta Limited (registered number: 05337255) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

E Maple
Director
HOLTA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
HOLTA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Holta Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 8 Fleets Industrial Estate, Willis Way, Poole, BH15 3SU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 11

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 April 2023 390,582 92,094 30,878 513,554
Additions 0 417 2,099 2,516
Disposals 0 ( 27,361) 0 ( 27,361)
At 31 March 2024 390,582 65,150 32,977 488,709
Accumulated depreciation
At 01 April 2023 360,351 74,009 20,542 454,902
Charge for the financial year 7,557 4,285 2,978 14,820
Disposals 0 ( 18,182) 0 ( 18,182)
At 31 March 2024 367,908 60,112 23,520 451,540
Net book value
At 31 March 2024 22,674 5,038 9,457 37,169
At 31 March 2023 30,231 18,085 10,336 58,652

4. Stocks

2024 2023
£ £
Stocks 35,400 35,400

5. Debtors

2024 2023
£ £
Trade debtors 91,348 125,436
Amounts owed by Group undertakings 1,576 1,127
Other debtors 17,756 15,868
110,680 142,431

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 56,891 64,338
Amounts owed to Parent undertakings 30,000 0
Corporation tax 0 6,630
Other taxation and social security 45,818 42,344
Other creditors 14,777 11,112
147,486 124,424

7. Ultimate controlling party

The company's immediate parent is 5659 Holdings Limited, incorporated in England and Wales.