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Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Holts of Witham Limited

Holts of Witham Limited (Registered number: 08361640)






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


Holts of Witham Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J L Kent





REGISTERED OFFICE: 146 High Street
Billericay
Essex
CM12 9DF





REGISTERED NUMBER: 08361640 (England and Wales)





ACCOUNTANTS: Michael Letch & Partners LLP
Accountants
146 High Street
Billericay
Essex
CM12 9DF

Holts of Witham Limited (Registered number: 08361640)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,968 44,038

CURRENT ASSETS
Stocks 33,585 34,671
Debtors 5 40,784 100,246
Cash at bank and in hand 29,444 44,486
103,813 179,403
CREDITORS
Amounts falling due within one year 6 117,372 139,548
NET CURRENT (LIABILITIES)/ASSETS (13,559 ) 39,855
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,409

83,893

CREDITORS
Amounts falling due after more than one
year

7

(28,646

)

(59,896

)

PROVISIONS FOR LIABILITIES - (8,367 )
NET (LIABILITIES)/ASSETS (22,237 ) 15,630

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (22,239 ) 15,628
SHAREHOLDERS' FUNDS (22,237 ) 15,630

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.

Holts of Witham Limited (Registered number: 08361640)

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 30 October 2024 and were signed by:





J L Kent - Director


Holts of Witham Limited (Registered number: 08361640)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Holts of Witham 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

Going concern
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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

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 etc - 25% on reducing balance and Straight line over 5 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 8 ) .

Holts of Witham Limited (Registered number: 08361640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2023 113,221 63,316 2,502 179,039
Additions 1,300 - - 1,300
Disposals - (33,270 ) - (33,270 )
At 31 December 2023 114,521 30,046 2,502 147,069
DEPRECIATION
At 1 January 2023 91,644 40,855 2,502 135,001
Charge for year 5,719 937 - 6,656
Eliminated on disposal - (14,556 ) - (14,556 )
At 31 December 2023 97,363 27,236 2,502 127,101
NET BOOK VALUE
At 31 December 2023 17,158 2,810 - 19,968
At 31 December 2022 21,577 22,461 - 44,038

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 37,408 78,549
Social security and other taxes 1,996 3,837
Directors' loan accounts - 17,860
Prepayments 1,380 -
40,784 100,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 31,250 31,250
Trade creditors 80,523 98,654
Tax 2,499 6,925
Social security and other taxes 1,907 1,572
Pension 153 147
Directors' loan accounts 40 -
Accrued expenses 1,000 1,000
117,372 139,548

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 28,646 31,250
Bank loans - 2-5 years - 28,646
28,646 59,896