1 May 2023 false No description of principal activity Taxfiler 2024.6 00602022business:PrivateLimitedCompanyLtd2023-05-012024-04-30 006020222023-04-30 006020222023-05-012024-04-30 00602022business:AuditExemptWithAccountantsReport2023-05-012024-04-30 00602022business:FilletedAccounts2023-05-012024-04-30 006020222024-04-30 00602022business:Director12023-05-012024-04-30 00602022business:CompanySecretary12023-05-012024-04-30 00602022business:RegisteredOffice2023-05-012024-04-30 006020222023-04-30 00602022core:WithinOneYear2024-04-30 00602022core:WithinOneYear2023-04-30 00602022core:AfterOneYear2024-04-30 00602022core:AfterOneYear2023-04-30 00602022core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 00602022core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 00602022core:RevaluationReservecore:PreviouslyStatedAmount2024-04-30 00602022core:RevaluationReservecore:PreviouslyStatedAmount2023-04-30 00602022core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 00602022core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 00602022core:PreviouslyStatedAmount2024-04-30 00602022core:PreviouslyStatedAmount2023-04-30 00602022business:SmallEntities2023-05-012024-04-30 00602022countries:EnglandWales2023-05-012024-04-30 00602022core:LandBuildings2023-05-012024-04-30 00602022core:FurnitureFittings2023-05-012024-04-30 00602022core:LandBuildings2023-04-30 00602022core:FurnitureFittings2023-04-30 00602022core:LandBuildings2024-04-30 00602022core:FurnitureFittings2024-04-30 00602022business:OrdinaryShareClass12023-05-012024-04-30 00602022business:OrdinaryShareClass12022-05-012023-04-30 00602022business:Director112023-05-012024-04-30 00602022business:Director112023-04-30 00602022business:Director112024-04-30 006020222022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 00602022 (England and Wales)
H.L.Austin & Son Limited Unaudited accounts for the year ended 30 April 2024
H.L.Austin & Son Limited Unaudited accounts Contents
Page
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H.L.Austin & Son Limited Company Information for the year ended 30 April 2024
Director
Michael DH Austin
Secretary
Copsehill Services Ltd
Company Number
00602022 (England and Wales)
Registered Office
60-62 WEST HILL ROAD LONDON SW18 5HT
Accountants
Copsehill Services Ltd Oaktree House Wheelers Lane BROCKHAM Surrey RH3 7LA
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of H.L.Austin & Son Limited for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of H.L.Austin & Son Limited for the year ended 30 April 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Copsehill Services Ltd Chartered Accountants Oaktree House Wheelers Lane BROCKHAM Surrey RH3 7LA 14 November 2024
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H.L.Austin & Son Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,127,494 
1,139,184 
Current assets
Cash at bank and in hand
130,887 
181,343 
Creditors: amounts falling due within one year
108,057 
(2,214)
Net current assets
238,944 
179,129 
Total assets less current liabilities
1,366,438 
1,318,313 
Creditors: amounts falling due after more than one year
(17,129)
(25,629)
Net assets
1,349,309 
1,292,684 
Capital and reserves
Called up share capital
26,100 
26,100 
Revaluation reserve
586,852 
586,852 
Profit and loss account
736,357 
679,732 
Shareholders' funds
1,349,309 
1,292,684 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 14 November 2024 and were signed on its behalf by
Michael DH Austin Director Company Registration No. 00602022
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H.L.Austin & Son Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
H.L.Austin & Son Limited is a private company, limited by shares, registered in England and Wales, registration number 00602022. The registered office is 60-62 WEST HILL ROAD, LONDON, SW18 5HT.
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents amounts receivable for rent of the premises.
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:
Land & buildings
1% Straight Line
Fixtures & fittings
10% Straight Line
Valuation information and policy
Impairment of fixed assets At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease. Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
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H.L.Austin & Son Limited Notes to the Accounts for the year ended 30 April 2024
Other accounting policies
Revaluation Reserve As permitted by the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective January 2015 ) the company has elected not to adopt a policy of revaluation of tangible fixed assets. The company will retain the book value of land and buildings, previously revalued and will not update that valuation.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
1,380,719 
3,830 
1,384,549 
At 30 April 2024
1,380,719 
3,830 
1,384,549 
Depreciation
At 1 May 2023
244,982 
383 
245,365 
Charge for the year
11,307 
383 
11,690 
At 30 April 2024
256,289 
766 
257,055 
Net book value
At 30 April 2024
1,124,430 
3,064 
1,127,494 
At 30 April 2023
1,135,737 
3,447 
1,139,184 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
25,000 
14,511 
Proposed dividends
30,118 
24,853 
Other creditors
12,258 
12,000 
Loans from directors
(207,000)
(76,745)
Accruals
2,400 
1,928 
Deferred income
29,167 
25,667 
(108,057)
2,214 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
17,129 
25,629 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
26,100 Ordinary shares of £1 each
26,100 
26,100 
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H.L.Austin & Son Limited Notes to the Accounts for the year ended 30 April 2024
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Michael DH Austin
Director loan
77,000 
130,000 
- 
207,000 
77,000 
130,000 
- 
207,000 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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