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REGISTERED NUMBER: 08585707 (England and Wales)















H.C.Herbert & Sons Ltd

Unaudited Financial Statements for the Year Ended 29 June 2023






H.C.Herbert & Sons Ltd (Registered number: 08585707)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H.C.Herbert & Sons Ltd

Company Information
for the Year Ended 29 June 2023







Directors: M Herbert
S Griffiths





Registered office: 3 Brynmawr Place
MAESTEG
CF34 9PB





Registered number: 08585707 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

H.C.Herbert & Sons Ltd (Registered number: 08585707)

Balance Sheet
29 June 2023

2023 2022
Notes £    £   
Fixed assets
Tangible assets 4 43,939 15,712

Current assets
Debtors 5 125,231 126,051
Prepayments and accrued income - 850
Cash at bank and in hand 6,043 7,393
131,274 134,294
Creditors
Amounts falling due within one year 6 (55,863 ) (19,818 )
Net current assets 75,411 114,476
Total assets less current liabilities 119,350 130,188

Creditors
Amounts falling due after more than one
year

7

(37,141

)

(27,559

)
Net assets 82,209 102,629

Capital and reserves
Called up share capital 8 100 100
Retained earnings 9 82,109 102,529
Shareholders' funds 82,209 102,629

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 2023 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.

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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





M Herbert - Director


H.C.Herbert & Sons Ltd (Registered number: 08585707)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. Statutory information

H.C.Herbert & Sons 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.

The Directors have also reviewed and considered relevant information, in making their assessment and have concluded that they can continue to adopt the going concern basis in preparing the financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents amounts chargeable, net of value added tax, in respect of transport, haulage and storage services to customers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 4 (2022 - 4 ) .

H.C.Herbert & Sons Ltd (Registered number: 08585707)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

4. Tangible fixed assets
Plant and
machinery
£   
Cost
At 30 June 2022 37,100
Additions 43,500
Disposals (8,500 )
At 29 June 2023 72,100
Depreciation
At 30 June 2022 21,388
Charge for year 6,773
At 29 June 2023 28,161
Net book value
At 29 June 2023 43,939
At 29 June 2022 15,712

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Other debtors 28,150 29,831
Directors' current accounts 95,451 95,924
Prepayments 1,630 296
125,231 126,051

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 9,735 1,641
Tax 17,788 9,758
Social security and other taxes 1,673 1,244
VAT 20,565 2,175
Accrued expenses 1,102 -
55,863 19,818

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans - 1-2 years 5,000 5,000
Bank loans - 2-5 years 9,022 13,823
Hire purchase contracts 23,119 8,736
37,141 27,559

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

H.C.Herbert & Sons Ltd (Registered number: 08585707)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

9. Reserves
Retained
earnings
£   

At 30 June 2022 102,529
Profit for the year 11,980
Dividends (32,400 )
At 29 June 2023 82,109

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 29 June 2023 and 29 June 2022:

2023 2022
£    £   
M Herbert
Balance outstanding at start of year (95,924 ) (78,784 )
Amounts advanced 43,645 19,355
Amounts repaid (43,172 ) (36,495 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (95,451 ) (95,924 )