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REGISTERED NUMBER: SC503852 (Scotland)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Henderson Developments Limited

Henderson Developments Limited (Registered number: SC503852)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Henderson Developments Limited (Registered number: SC503852)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,566 44,895

CURRENT ASSETS
Stocks 798,420 622,671
Debtors 5 - 18,422
Cash at bank 2,276 63,044
800,696 704,137
CREDITORS
Amounts falling due within one year 6 (634,317 ) (529,479 )
NET CURRENT ASSETS 166,379 174,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

196,945

219,553

CREDITORS
Amounts falling due after more than one
year

7

(14,987

)

(25,376

)

PROVISIONS FOR LIABILITIES (5,292 ) (7,619 )
NET ASSETS 176,666 186,558

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 176,665 186,557
SHAREHOLDERS' FUNDS 176,666 186,558

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 director acknowledges his 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.

Henderson Developments Limited (Registered number: SC503852)

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 director and authorised for issue on 24 January 2025 and were signed by:





Mr I Tod - Director


Henderson Developments Limited (Registered number: SC503852)

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

1. STATUTORY INFORMATION

Henderson Developments Limited is a private company, limited by shares, domiciled in Scotland, registration number SC503852. The registered office is Blackhill Farm, West Calder, West Lothian, Scotland, EH55 8JF.

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.

Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The director has considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

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
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.

Henderson Developments Limited (Registered number: SC503852)

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

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 135,409
Disposals (24,749 )
At 30 April 2024 110,660
DEPRECIATION
At 1 May 2023 90,514
Charge for year 10,953
Eliminated on disposal (21,373 )
At 30 April 2024 80,094
NET BOOK VALUE
At 30 April 2024 30,566
At 30 April 2023 44,895

Henderson Developments Limited (Registered number: SC503852)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 25,235
DEPRECIATION
At 1 May 2023 11,040
Charge for year 3,549
At 30 April 2024 14,589
NET BOOK VALUE
At 30 April 2024 10,646
At 30 April 2023 14,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors - 18,422

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,647 2,585
Hire purchase contracts 7,681 7,680
Trade creditors 5,182 14,374
Taxation and social security 321 -
Other creditors 618,486 504,840
634,317 529,479

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 14,987 17,695
Hire purchase contracts - 7,681
14,987 25,376

Henderson Developments Limited (Registered number: SC503852)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 7,681 15,361

Balances due on HP Agreements are secured on the assets to which they relate.

9. RELATED PARTY DISCLOSURES

Within other creditors is £ 35,000 (2023 - £35,000) which is owed to family members of the Director, Iain Tod.