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REGISTERED NUMBER: 00580360 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

H M Sowerbutts & Co Limited

H M Sowerbutts & Co Limited (Registered number: 00580360)






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

Chartered Accountants' Report 7

H M Sowerbutts & Co Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: I S Sowerbutts
Mrs E Sowerbutts





SECRETARY: J A Sowerbutts





REGISTERED OFFICE: 10 King Street
Clitheroe
Lancashire
BB7 2EP





REGISTERED NUMBER: 00580360 (England and Wales)





ACCOUNTANTS: TT Business Services Ltd
Chartered Accountants
3 Burwell Close
Rochdale
Lancashire
OL12 6DQ

H M Sowerbutts & Co Limited (Registered number: 00580360)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 47,443 57,215
Investments 5 - -
47,443 57,215

CURRENT ASSETS
Stocks 121,417 121,000
Debtors 6 - 8,315
Cash at bank and in hand 49,062 151,718
170,479 281,033
CREDITORS
Amounts falling due within one year 7 (179,196 ) (129,377 )
NET CURRENT (LIABILITIES)/ASSETS (8,717 ) 151,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,726

208,871

PROVISIONS FOR LIABILITIES (1,690 ) (1,690 )
NET ASSETS 37,036 207,181

CAPITAL AND RESERVES
Called up share capital 600 3,000
Capital redemption reserve 2,400 -
Retained earnings 34,036 204,181
37,036 207,181

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.

H M Sowerbutts & Co Limited (Registered number: 00580360)

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 23 January 2025 and were signed on its behalf by:





I S Sowerbutts - Director


H M Sowerbutts & Co Limited (Registered number: 00580360)

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

1. STATUTORY INFORMATION

H M Sowerbutts & Co 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.

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% on cost
Plant and machinery etc - 20% on reducing balance and 10% 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.

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 5 (2023 - 5 ) .

H M Sowerbutts & Co Limited (Registered number: 00580360)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 71,363 113,658 185,021
Disposals - (8,850 ) (8,850 )
At 30 April 2024 71,363 104,808 176,171
DEPRECIATION
At 1 May 2023 46,489 81,317 127,806
Charge for year 554 4,868 5,422
Eliminated on disposal - (4,500 ) (4,500 )
At 30 April 2024 47,043 81,685 128,728
NET BOOK VALUE
At 30 April 2024 24,320 23,123 47,443
At 30 April 2023 24,874 32,341 57,215

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 15,150
PROVISIONS
At 1 May 2023
and 30 April 2024 15,150
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 1,169
Other debtors - 7,146
- 8,315

H M Sowerbutts & Co Limited (Registered number: 00580360)

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
£    £   
Bank loans and overdrafts 220 710
Trade creditors 2,843 12,555
Taxation and social security 36,552 14,527
Other creditors 139,581 101,585
179,196 129,377

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
H M Sowerbutts & Co Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of H M Sowerbutts & Co Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of H M Sowerbutts & Co Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of H M Sowerbutts & Co Limited and state those matters that we have agreed to state to the Board of Directors of H M Sowerbutts & Co Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than H M Sowerbutts & Co Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that H M Sowerbutts & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of H M Sowerbutts & Co Limited. You consider that H M Sowerbutts & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of H M Sowerbutts & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






TT Business Services Ltd
Chartered Accountants
3 Burwell Close
Rochdale
Lancashire
OL12 6DQ


23 January 2025