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REGISTERED NUMBER: 00789983 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

HORWELL BROTHERS LIMITED

HORWELL BROTHERS LIMITED (REGISTERED NUMBER: 00789983)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HORWELL BROTHERS LIMITED

COMPANY INFORMATION
For The Year Ended 30 April 2024







DIRECTOR: L Horwell





SECRETARY: L Horwell





REGISTERED OFFICE: Equinox House
Clifton Park Avenue
Shipton Road
York
North Yorkshire
YO30 5PA





REGISTERED NUMBER: 00789983 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

HORWELL BROTHERS LIMITED (REGISTERED NUMBER: 00789983)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,862 15,593

CURRENT ASSETS
Debtors 5 6,331 16,256
Cash at bank and in hand 250,772 227,077
257,103 243,333
CREDITORS
Amounts falling due within one year 6 24,078 18,005
NET CURRENT ASSETS 233,025 225,328
TOTAL ASSETS LESS CURRENT LIABILITIES 260,887 240,921

PROVISIONS FOR LIABILITIES 5,294 2,963
NET ASSETS 255,593 237,958

CAPITAL AND RESERVES
Called up share capital 7 2,000 2,000
Retained earnings 253,593 235,958
SHAREHOLDERS' FUNDS 255,593 237,958

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 December 2024 and were signed by:




L Horwell - Director


HORWELL BROTHERS LIMITED (REGISTERED NUMBER: 00789983)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

Horwell Brothers Limited 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

HORWELL BROTHERS LIMITED (REGISTERED NUMBER: 00789983)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Cash at bank and in hand
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 with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 May 2023 140,238 20,601 18,125 178,964
Additions - - 24,950 24,950
Disposals (4,600 ) - (10,645 ) (15,245 )
At 30 April 2024 135,638 20,601 32,430 188,669
DEPRECIATION
At 1 May 2023 128,985 19,539 14,847 163,371
Charge for year 827 107 6,488 7,422
Eliminated on disposal (1,620 ) - (8,366 ) (9,986 )
At 30 April 2024 128,192 19,646 12,969 160,807
NET BOOK VALUE
At 30 April 2024 7,446 955 19,461 27,862
At 30 April 2023 11,253 1,062 3,278 15,593

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,300 9,356
Other debtors 2,031 6,900
6,331 16,256

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 190 6,192
Taxation and social security 5,399 1,808
Other creditors 18,489 10,005
24,078 18,005

HORWELL BROTHERS LIMITED (REGISTERED NUMBER: 00789983)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 April 2024


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary shares 1 2,000 2,000