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REGISTERED NUMBER: 04230640 (England and Wales)

























Financial Statements

for the Year Ended 30 April 2024

for

Howard & Sons Exports Ltd

Howard & Sons Exports Ltd (Registered number: 04230640)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Howard & Sons Exports Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C M Howard
R T Howard
R J Howard
C M Howard
Mrs G A Howard
J Howard





SECRETARY: R J Howard





REGISTERED OFFICE: The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR





REGISTERED NUMBER: 04230640 (England and Wales)





ACCOUNTANTS: Mander Duffill
Chartered Accountants
The Old Post Office
41-43 Market Place
Chippenham
Wiltshire
SN15 3HR

Howard & Sons Exports Ltd (Registered number: 04230640)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 194,000 291,000
Tangible assets 5 82,601 171,515
276,601 462,515

CURRENT ASSETS
Stocks 1,643,286 1,525,330
Debtors 6 156,336 390,416
Cash at bank and in hand 117,924 626,139
1,917,546 2,541,885
CREDITORS
Amounts falling due within one year 7 878,346 1,046,426
NET CURRENT ASSETS 1,039,200 1,495,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,315,801

1,957,974

PROVISIONS FOR LIABILITIES 21,579 42,879
NET ASSETS 1,294,222 1,915,095

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 1,294,102 1,914,975
SHAREHOLDERS' FUNDS 1,294,222 1,915,095

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 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.

Howard & Sons Exports Ltd (Registered number: 04230640)

Balance Sheet - continued
30 April 2024


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 22 January 2025 and were signed on its behalf by:





C M Howard - Director


Howard & Sons Exports Ltd (Registered number: 04230640)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Howard & Sons Exports 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.

Goodwill
Goodwill represents the excess of the cost of an acquisition over the fair value of the net identifiable assets and liabilities acquired, both tangible and intangible.

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 etc - 25% on cost

Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to sell after including due provision for slow moving and obsolete items. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion.

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 16 (2023 - 24 ) .

Howard & Sons Exports Ltd (Registered number: 04230640)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 485,000
AMORTISATION
At 1 May 2023 194,000
Charge for year 97,000
At 30 April 2024 291,000
NET BOOK VALUE
At 30 April 2024 194,000
At 30 April 2023 291,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 618,117
Additions 8,898
Disposals (19,085 )
At 30 April 2024 607,930
DEPRECIATION
At 1 May 2023 446,602
Charge for year 94,099
Eliminated on disposal (15,372 )
At 30 April 2024 525,329
NET BOOK VALUE
At 30 April 2024 82,601
At 30 April 2023 171,515

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 102,552 125,188
Other debtors 53,784 265,228
156,336 390,416

Howard & Sons Exports Ltd (Registered number: 04230640)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 453,968 344,791
Other creditors 424,378 701,635
878,346 1,046,426

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Howard & Son Holdings Ltd.

Registered in England and Wales
Registered Office: The Old Post Office, 41-43 The Market Place, Chippenham, SN15 3HR