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RM Holt & Sons Ltd
Registered Number:11178709
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 January 2024
RM Holt & Sons Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
11178709
As at 31 January 2024
RM Holt & Sons Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
4,825
6,031
Property, plant and equipment
302,747
301,338
2
307,572
307,369
Current assets
Inventories
90,960
94,575
3
Trade and other receivables
50,401
156,249
4
266,518
Cash and cash equivalents
265,763
516,587
407,879
Trade and other payables: amounts falling due within one
year
(97,570)
(94,322)
5
310,309
422,265
Net current assets
Total assets less current liabilities
729,837
617,678
(73,764)
(54,724)
Provisions for liabilities
656,073
Net assets
562,954
Capital and reserves
Called up share capital
100
100
Retained earnings
655,973
562,854
656,073
562,954
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
P Holt Director
These financial statements were approved and authorised for issue by the Board on 30 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 January 2024
RM Holt & Sons Ltd
Notes to the Financial Statements
Statutory Information
RM Holt & Sons Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 11178709.
Registered address:
Ivy House Farm
Burnley Road
Loveclough
Rossendale
BB4 8RG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
10% Straight line
25% Straight line
Motor Vehicles
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 4
5
For the year ended 31 January 2024
RM Holt & Sons Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 February 2023
564,823
243,252
321,571
52,992
36,557
16,435
Additions
(29,555)
-
Disposals
(29,555)
At 31 January 2024
338,006
250,254
588,260
Provision for depreciation and impairment
At 01 February 2023
263,485
84,322
179,163
Charge for year
48,408
26,433
21,975
(26,380)
(26,380)
-
On disposal
At 31 January 2024
285,513
84,375
201,138
At 31 January 2024
Net book value
136,868
165,879
302,747
At 31 January 2023
142,408
158,930
301,338
3. Inventories
2023
2024
£
£
Stocks
94,575
90,960
4. Trade and other receivables
2023
2024
£
£
Trade debtors
21,932
1,201
Other debtors
134,317
49,200
50,401
156,249
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
44,881
89,956
Taxation and social security
36,301
7,114
Other creditors
13,140
500
94,322
97,570
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6
For the year ended 31 January 2024
RM Holt & Sons Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
4 of 4