Registered number
06750526
Lister Haigh (Yorkshire) Ltd
Unaudited Filleted Accounts
31 August 2024
Lister Haigh (Yorkshire) Ltd
Registered number: 06750526
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 27,000 150,000
Tangible assets 4 16,786 22,238
Investments 5 - 1,726
43,786 173,964
Current assets
Stocks 5,000 10,000
Debtors 6 353,813 427,937
Cash at bank and in hand (39,686) (19,506)
319,127 418,431
Creditors: amounts falling due within one year 8 (163,608) (130,598)
Net current assets 155,519 287,833
Total assets less current liabilities 199,305 461,797
Creditors: amounts falling due after more than one year 9 (17,964) (28,613)
Provisions for liabilities - (3,356)
Net assets 181,341 429,828
Capital and reserves
Called up share capital 100 100
Revaluation reserve 10 - 125,545
Profit and loss account 181,241 304,183
Shareholders' funds 181,341 429,828
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J E Haigh
Director
Approved by the board on 20 December 2024
Lister Haigh (Yorkshire) Ltd
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 50,000
At 31 August 2024 50,000
Amortisation
At 1 September 2023 (100,000)
Provided during the year 23,000
On disposals 100,000
At 31 August 2024 23,000
Net book value
At 31 August 2024 27,000
At 31 August 2023 150,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2023 192,780
Additions 144
At 31 August 2024 192,924
Depreciation
At 1 September 2023 170,542
Charge for the year 5,596
At 31 August 2024 176,138
Net book value
At 31 August 2024 16,786
At 31 August 2023 22,238
5 Investments
Other
investments
£
Cost
At 1 September 2023 1,726
Disposals (1,726)
At 31 August 2024 -
Historical cost
At 1 September 2023 2,545
6 Debtors 2024 2023
£ £
Trade debtors 190,700 262,768
Amounts owed by group undertakings and undertakings in which the company has a participating interest 150,000 150,000
Bad debt provision (13,906) (15,008)
Corporation tax repayment 2,275 2,275
Other debtors 24,744 27,902
353,813 427,937
7 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments - (769)
8 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,678 23,636
Amounts owed to group undertakings and undertakings in which the company has a participating interest (4,468) (6,143)
Taxation and social security costs 124,755 99,136
Other creditors 15,643 13,969
163,608 130,598
9 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 17,964 28,613
10 Revaluation reserve 2024 2023
£ £
At 1 September 2023 125,545 125,545
Loss on revaluation of land and buildings (125,545) -
At 31 August 2024 - 125,545
11 Other information
Lister Haigh (Yorkshire) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
106 High Street
Knaresborough
HG5 0HN
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