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REGISTERED NUMBER: 12129432 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 July 2024

for

Hollowells Ltd

Hollowells Ltd (Registered number: 12129432)

Contents of the Financial Statements
For The Year Ended 31 July 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Hollowells Ltd

Company Information
For The Year Ended 31 July 2024







Directors: P Hollowell
Ms C Hollowell
S Hollowell
Mrs A Hollowell





Registered office: Ironstone House 4 Ironstone Way
Brixworth
Northampton
NN6 9UD





Registered number: 12129432 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

Hollowells Ltd (Registered number: 12129432)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,185,842 1,212,078

Current assets
Stocks 41,755 40,343
Debtors 5 507,846 438,542
Cash at bank and in hand 751,444 694,466
1,301,045 1,173,351
Creditors
Amounts falling due within one year 6 679,034 751,359
Net current assets 622,011 421,992
Total assets less current liabilities 1,807,853 1,634,070

Creditors
Amounts falling due after more than
one year

7

(247,636

)

(304,992

)

Provisions for liabilities 8 (64,907 ) (55,186 )
Net assets 1,495,310 1,273,892

Hollowells Ltd (Registered number: 12129432)

Balance Sheet - continued
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
Capital and reserves
Called up share capital 9 8,400 8,400
Share premium 792,000 792,000
Retained earnings 694,910 473,492
Shareholders' funds 1,495,310 1,273,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by:





P Hollowell - Director


Hollowells Ltd (Registered number: 12129432)

Notes to the Financial Statements
For The Year Ended 31 July 2024


1. Statutory information

Hollowells Ltd 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

Basis of preparing the financial statements
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.

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.
Land and buildings - 2% straight line
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Hollowells Ltd (Registered number: 12129432)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 35 (2023 - 35 ) .

Hollowells Ltd (Registered number: 12129432)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


4. Tangible fixed assets
Freehold Fixtures Motor Computer
property & equipment vehicles systems Totals
£    £    £    £    £   
Cost
At 1 August 2023 823,808 216,531 606,785 27,789 1,674,913
Additions - 9,619 130,408 1,179 141,206
Disposals - - (71,225 ) - (71,225 )
At 31 July 2024 823,808 226,150 665,968 28,968 1,744,894
Depreciation
At 1 August 2023 46,397 102,385 289,006 25,047 462,835
Charge for year 16,178 28,790 83,206 2,854 131,028
Eliminated on disposal - - (34,811 ) - (34,811 )
At 31 July 2024 62,575 131,175 337,401 27,901 559,052
Net book value
At 31 July 2024 761,233 94,975 328,567 1,067 1,185,842
At 31 July 2023 777,411 114,146 317,779 2,742 1,212,078

5. Debtors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Trade debtors 88,014 53,184
Other debtors 419,832 385,358
507,846 438,542

Hollowells Ltd (Registered number: 12129432)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


6. Creditors: amounts falling due within one year
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 2,297 16,242
Hire purchase contracts 64,452 93,503
Trade creditors 82,806 84,425
Taxation and social security 140,749 116,514
Other creditors 388,730 440,675
679,034 751,359

7. Creditors: amounts falling due after more than one year
31.7.24 31.7.23
£    £   
Hire purchase contracts 113,174 123,336
Other creditors 134,462 181,656
247,636 304,992

8. Provisions for liabilities
31.7.24 31.7.23
£    £   
Deferred tax 64,907 55,186

Deferred
tax
£   
Balance at 1 August 2023 55,186
Charge to Income statement during year 9,721
Balance at 31 July 2024 64,907

Hollowells Ltd (Registered number: 12129432)

Notes to the Financial Statements - continued
For The Year Ended 31 July 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
400 Ordinary A 1 400 400
8,000 Ordinary B 1 8,000 8,000
8,400 8,400