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REGISTERED NUMBER: 06975743 (England and Wales)










Hollingsworth Ellery (UK) Limited

Financial Statements

for the Year Ended 30 April 2024






Hollingsworth Ellery (UK) Limited (Registered number: 06975743)






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


Hollingsworth Ellery (UK) Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr S R E Hollingsworth
Mr J P Hollingsworth
Mr S Ellery
Mr P Blake
Mr G Roberts





REGISTERED OFFICE: Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN





REGISTERED NUMBER: 06975743 (England and Wales)





AUDITORS: Salisbury & Company Business Solutions Limited
Statutory Auditors
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Hollingsworth Ellery (UK) Limited (Registered number: 06975743)

Balance Sheet
30 April 2024

2024 2023
(Unaudited)
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 207,174 186,963

CURRENT ASSETS
Debtors 5 1,861,254 2,533,600
Cash at bank 1,406,951 2,420,216
3,268,205 4,953,816
CREDITORS
Amounts falling due within one year 6 1,781,199 2,215,068
NET CURRENT ASSETS 1,487,006 2,738,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,694,180

2,925,711

CREDITORS
Amounts falling due after more than one year 7 (30,964 ) (30,958 )

PROVISIONS FOR LIABILITIES (50,509 ) (35,217 )
NET ASSETS 1,612,707 2,859,536

CAPITAL AND RESERVES
Called up share capital 24 100
Capital redemption reserve 76 -
Retained earnings 1,612,607 2,859,436
SHAREHOLDERS' FUNDS 1,612,707 2,859,536

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 27 January 2025 and were signed on its behalf by:





Mr S R E Hollingsworth - Director


Hollingsworth Ellery (UK) Limited (Registered number: 06975743)

Notes to the Financial Statements
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Hollingsworth Ellery (UK) 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.

Turnover, derived from the principle activity, is calculated on the basis of the value of the work executed during the period, excluding retentions.

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 - 10% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

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.

Hollingsworth Ellery (UK) Limited (Registered number: 06975743)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost.

Provisions for liabilities
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation.

Employee benefits
Short term employee benefits and contributions to defined contribution plans are recognised as an expense in the period in which they are incurred.

Long-term contracts
Profit on long-term contracts is recognised as the work is carried out if the final outcome can be assessed with reasonable certainty. The profit included is calculated on a prudent basis to reflect the proportion of the work carried out at the year end, by recording turnover and related costs as contract activity progresses.

Contract costs are recognised as the higher of actual cost to date or costs as a proportion of final costs, using the reference of turnover to date as a proportion of final turnover.

Revenues derived from variations on contracts are recognised only when they have been accepted by the
customer.

Full provision is made for losses on all contracts in the year in which they are first foreseen.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 40,000 282,443 322,443
Additions - 69,667 69,667
Disposals - (8,236 ) (8,236 )
At 30 April 2024 40,000 343,874 383,874
DEPRECIATION
At 1 May 2023 34,652 100,828 135,480
Charge for year 4,000 44,124 48,124
Eliminated on disposal - (6,904 ) (6,904 )
At 30 April 2024 38,652 138,048 176,700
NET BOOK VALUE
At 30 April 2024 1,348 205,826 207,174
At 30 April 2023 5,348 181,615 186,963

A fixed charge is present over all freehold and lease hold properties

Hollingsworth Ellery (UK) Limited (Registered number: 06975743)

Notes to the Financial Statements - continued
for the year ended 30 April 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Trade debtors 1,840,351 2,462,783
Amounts owed by group undertakings - 54,800
Other debtors 20,903 16,017
1,861,254 2,533,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
(Unaudited)
£    £   
Hire purchase contracts 27,292 15,640
Trade creditors 1,199,260 1,490,397
Amounts owed to group undertakings 67,053 -
Taxation and social security 472,850 698,358
Other creditors 14,744 10,673
1,781,199 2,215,068

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
(Unaudited)
£    £   
Hire purchase contracts 30,964 30,958

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Aled Roberts (Senior Statutory Auditor)
for and on behalf of Salisbury & Company Business Solutions Limited

9. RELATED PARTY DISCLOSURES

During the year, Hollingsworth Bros (UK) Ltd, a company under common control, invoiced the company £224,130 (2023: £897,339) for services.

Hollingsworth Bros (UK) Ltd also invoiced the company £168,000 (2023: £224,000) for management fees and £30,450 for utilities (2023: £23,244).

At the year end the company owed £67,053 to (2023: was owed £54,800 by) Hollingsworth Bros (UK) Ltd.

10. ULTIMATE CONTROLLING PARTY

Ultimate control of the company lies with the Trustees of the HG Employee Ownership Trust.