IRIS Accounts Production v24.3.2.46 00548293 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005482932023-07-31005482932024-07-31005482932023-08-012024-07-31005482932022-07-31005482932022-08-012023-07-31005482932023-07-3100548293ns15:EnglandWales2023-08-012024-07-3100548293ns14:PoundSterling2023-08-012024-07-3100548293ns10:Director12023-08-012024-07-3100548293ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3100548293ns10:SmallEntities2023-08-012024-07-3100548293ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3100548293ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3100548293ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3100548293ns10:FullAccounts2023-08-012024-07-3100548293ns10:Director22023-08-012024-07-3100548293ns10:RegisteredOffice2023-08-012024-07-3100548293ns5:CurrentFinancialInstruments2024-07-3100548293ns5:CurrentFinancialInstruments2023-07-3100548293ns5:Non-currentFinancialInstruments2024-07-3100548293ns5:Non-currentFinancialInstruments2023-07-3100548293ns5:ShareCapital2024-07-3100548293ns5:ShareCapital2023-07-3100548293ns5:RevaluationReserve2024-07-3100548293ns5:RevaluationReserve2023-07-3100548293ns5:CapitalRedemptionReserve2024-07-3100548293ns5:CapitalRedemptionReserve2023-07-3100548293ns5:RetainedEarningsAccumulatedLosses2024-07-3100548293ns5:RetainedEarningsAccumulatedLosses2023-07-3100548293ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-08-012024-07-3100548293ns5:PlantMachinery2023-08-012024-07-3100548293ns5:FurnitureFittings2023-08-012024-07-3100548293ns5:MotorVehicles2023-08-012024-07-3100548293ns5:LandBuildings2023-07-3100548293ns5:PlantMachinery2023-07-3100548293ns5:FurnitureFittings2023-07-3100548293ns5:MotorVehicles2023-07-3100548293ns5:LandBuildings2023-08-012024-07-3100548293ns5:LandBuildings2024-07-3100548293ns5:PlantMachinery2024-07-3100548293ns5:FurnitureFittings2024-07-3100548293ns5:MotorVehicles2024-07-3100548293ns5:LandBuildings2023-07-3100548293ns5:PlantMachinery2023-07-3100548293ns5:FurnitureFittings2023-07-3100548293ns5:MotorVehicles2023-07-3100548293ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3100548293ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3100548293ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3100548293ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-3100548293ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-07-3100548293ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-07-3100548293ns5:WithinOneYear2024-07-3100548293ns5:WithinOneYear2023-07-3100548293ns5:BetweenOneFiveYears2024-07-3100548293ns5:BetweenOneFiveYears2023-07-3100548293ns5:AllPeriods2024-07-3100548293ns5:AllPeriods2023-07-3100548293ns5:AcceleratedTaxDepreciationDeferredTax2024-07-3100548293ns5:AcceleratedTaxDepreciationDeferredTax2023-07-3100548293ns5:DeferredTaxation2023-07-3100548293ns5:DeferredTaxation2024-07-3100548293ns5:RetainedEarningsAccumulatedLosses2023-07-3100548293ns5:RevaluationReserve2023-07-3100548293ns5:CapitalRedemptionReserve2023-07-3100548293ns5:RetainedEarningsAccumulatedLosses2023-08-012024-07-31
REGISTERED NUMBER: 00548293 (England and Wales)















W.Hanson(Iron Bridge)Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

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


W.Hanson(Iron Bridge)Limited

Company Information
for the year ended 31 July 2024







Directors: S R Gorringe
R P Gorringe





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 00548293 (England and Wales)





Accountants: Cooper Parry Advisory Limited
178 Buckingham Avenue
Slough
Berkshire
SL1 4RD

W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,857,266 1,906,535

Current assets
Stocks 710,350 654,373
Debtors 5 2,063,109 1,878,698
Cash at bank and in hand 461,256 1,738,406
3,234,715 4,271,477
Creditors
Amounts falling due within one year 6 2,930,456 4,025,992
Net current assets 304,259 245,485
Total assets less current liabilities 2,161,525 2,152,020

Creditors
Amounts falling due after more than one
year

7

(452,915

)

(496,416

)

Provisions for liabilities 9 (598,504 ) (108,888 )
Net assets 1,110,106 1,546,716

Capital and reserves
Called up share capital 10 2,200 2,200
Revaluation reserve 11 170,619 170,619
Capital redemption reserve 11 2,200 2,200
Retained earnings 11 935,087 1,371,697
Shareholders' funds 1,110,106 1,546,716

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.

W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

Balance Sheet - continued
31 July 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:





R P Gorringe - Director


W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

W.Hanson(Iron Bridge)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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment. Based on these assessments, given the measures that could be and have been undertaken to mitigate the current conditions, and with the current resources available, the Directors have concluded that the company is in a strong position and that the going concern basis continues to be applicable.

Key sources of estimation uncertainty and judgements
Preparation of the financial statements requires management to make significant judgements and estimates in determining the carrying amounts of certain assets and liabilities. Management makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The management's estimates and assumptions are based on historical experience and expectation of future events and are reviewed periodically.

Turnover
Turnover comprises revenue recognised by the company in respect of timber and building merchant services supplied during the year, exclusive of Value Added Tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% 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.


W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

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.

Operating leases
Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

3. Employees and directors

The average number of employees during the year was 43 (2023 - 40 ) .

W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Tangible fixed assets
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 August 2023 1,950,000 254,848 522,827 63,177 2,790,852
Additions - 10,980 8,515 14,879 34,374
Disposals - - - (7,000 ) (7,000 )
At 31 July 2024 1,950,000 265,828 531,342 71,056 2,818,226
Depreciation
At 1 August 2023 308,675 240,201 288,061 47,380 884,317
Charge for year 32,756 3,844 36,492 3,551 76,643
At 31 July 2024 341,431 244,045 324,553 50,931 960,960
Net book value
At 31 July 2024 1,608,569 21,783 206,789 20,125 1,857,266
At 31 July 2023 1,641,325 14,647 234,766 15,797 1,906,535

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 1,184,912 1,036,419
Other debtors 825,468 825,468
Tax 30,834 -
Prepayments and accrued income 21,895 16,811
2,063,109 1,878,698

Included within other debtors is an amount of £825,468 (2023 - £825,468) owed by RS Developments Limited, a related party.

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 53,562 58,922
Trade creditors 1,150,468 1,155,867
Tax - 258,635
Social security and other taxes 92,180 138,484
Other creditors 1,545,939 2,321,702
Accruals and deferred income 88,307 92,382
2,930,456 4,025,992

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans - 2-5 years 269,348 259,701
Bank loans more 5 yr by instal 183,567 236,715
452,915 496,416

W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


7. Creditors: amounts falling due after more than one year - continued
2024 2023
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 183,567 236,715

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 20,820 20,817
Between one and five years 38,800 59,615
59,620 80,432

9. Provisions for liabilities
2024 2023
£ £
Deferred tax
Accelerated capital allowances 108,888 108,888
Other provisions 489,616 -
598,504 108,888

Deferred tax
£
Balance at 1 August 2023 108,888
Balance at 31 July 2024 108,888

The balance under other provisions relates to an amount recognized for back-dated rent identified during the current financial year. The provision reflects the rental obligations from prior periods.

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
Value: £    £   

1,067 Ordinary-A £1 1,067 1067
20 Ordinary-B £1 20 22
20 Ordinary-C £1 20 22
1,089 Ordinary-D £1 1,089 1,089
2 Ordinary-E £1 2 2
2 Ordinary-F £1 2 2
2,200 2,200

W.Hanson(Iron Bridge)Limited (Registered number: 00548293)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


11. Reserves
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£ £ £ £

At 1 August 2023 1,371,697 170,619 2,200 1,544,516
Deficit for the year (226,610 ) (226,610 )
Dividends (210,000 ) (210,000 )
At 31 July 2024 935,087 170,619 2,200 1,107,906