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Company Registration No. 09406991 (England and Wales)
HOWARD FACILITIES MANAGEMENT LTD Unaudited accounts for the year ended 31 January 2024
HOWARD FACILITIES MANAGEMENT LTD Unaudited accounts Contents
Page
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HOWARD FACILITIES MANAGEMENT LTD Company Information for the year ended 31 January 2024
Directors
C Howard G Howard
Company Number
09406991 (England and Wales)
Registered Office
C/O Lmk Accounting Ltd The Gatehouse, Gatehouse Way Aylesbury Bucks HP19 8DB England
Accountants
Kaushik Khiroya, AFA LMK ACCOUNTING LTD THE GATEHOUSE GATEHOUSE WAY AYLESBURY HP19 8DB
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HOWARD FACILITIES MANAGEMENT LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
50,180 
6,083 
Current assets
Debtors
188,285 
160,552 
Cash at bank and in hand
148,084 
53,457 
336,369 
214,009 
Creditors: amounts falling due within one year
(212,709)
(135,376)
Net current assets
123,660 
78,633 
Total assets less current liabilities
173,840 
84,716 
Creditors: amounts falling due after more than one year
(6,046)
- 
Net assets
167,794 
84,716 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
167,594 
84,516 
Shareholders' funds
167,794 
84,716 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by
C Howard Director Company Registration No. 09406991
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HOWARD FACILITIES MANAGEMENT LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
HOWARD FACILITIES MANAGEMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 09406991. The registered office is C/O Lmk Accounting Ltd, The Gatehouse, Gatehouse Way, Aylesbury, Bucks, HP19 8DB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on straight line
Fixtures & fittings
25% on straight line
Computer equipment
25% on straight line
Deferred taxation
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 accounts. 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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HOWARD FACILITIES MANAGEMENT LTD Notes to the Accounts for the year ended 31 January 2024
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Financial instruments
Financial instruments are classified by the directors as basic or advanced following the condiTions in FRS 102 section 11. Basic financial instruments, which include trade and other receivables and payables, cash and bank balances, are amortised at cost. Advanced financial instruments which include interest rate swap and forward foreign exchange contracts, are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
68,756 
4,511 
753 
74,020 
Additions
53,999 
469 
2,729 
57,197 
Disposals
(27,490)
- 
- 
(27,490)
At 31 January 2024
95,265 
4,980 
3,482 
103,727 
Depreciation
At 1 February 2023
62,673 
4,511 
753 
67,937 
Charge for the year
11,556 
59 
341 
11,956 
On disposals
(26,346)
- 
- 
(26,346)
At 31 January 2024
47,883 
4,570 
1,094 
53,547 
Net book value
At 31 January 2024
47,382 
410 
2,388 
50,180 
At 31 January 2023
6,083 
- 
- 
6,083 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
13,730 
- 
Trade debtors
52,034 
50,457 
Accrued income and prepayments
8,408 
- 
Other debtors
114,113 
110,095 
188,285 
160,552 
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HOWARD FACILITIES MANAGEMENT LTD Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,703 
Obligations under finance leases and hire purchase contracts
4,913 
971 
Trade creditors
12,103 
- 
Taxes and social security
160,244 
95,303 
Loans from directors
12,689 
14,639 
Accruals
22,760 
22,760 
212,709 
135,376 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
6,046 
- 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
100 Ordinary B shares of £1 each
100 
100 
200 
200 
9
Transactions with related parties
Included in other creditors is an amount of £14,639 ( 21-22 - £1,152 ) due to the director.
10
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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