Company registration number 08934159 (England and Wales)
Hollins Ormskirk Limited
Unaudited financial statements
For the year ended 30 April 2024
Hollins Ormskirk Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Hollins Ormskirk Limited
Balance sheet
As at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
-
96,231
Debtors
3
92,340
694,272
Cash at bank and in hand
3,292
1,610
95,632
792,113
Creditors: amounts falling due within one year
4
(87,467)
(778,711)
Net current assets
8,165
13,402
Creditors: amounts falling due after more than one year
5
(10,833)
(20,833)
Net liabilities
(2,668)
(7,431)
Capital and reserves
Called up share capital
6
150
150
Capital redemption reserve
50
50
Profit and loss reserves
(2,868)
(7,631)
Total equity
(2,668)
(7,431)
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 28 January 2025 and are signed on its behalf by:
Mr S L Goodman
Director
Company registration number 08934159 (England and Wales)
Hollins Ormskirk Limited
Statement of changes in equity
For the year ended 30 April 2024
- 2 -
Share capital
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 May 2022
200
292,866
293,066
Year ended 30 April 2023:
Loss and total comprehensive income
-
-
(5,497)
(5,497)
Own shares acquired
-
-
(295,000)
(295,000)
Redemption of shares
50
50
Reduction of shares
(50)
-
(50)
Balance at 30 April 2023
150
50
(7,631)
(7,431)
Year ended 30 April 2024:
Profit and total comprehensive income
-
-
4,763
4,763
Balance at 30 April 2024
150
50
(2,868)
(2,668)
Hollins Ormskirk Limited
Notes to the financial statements
For the year ended 30 April 2024
- 3 -
1
Accounting policies
Company information
Hollins Ormskirk Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 3, First Floor, Victoria Court, Bexton Road, Knutsford, Cheshire, WA16 0PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Stocks
Stocks are stated at the lower of cost and net realisable value.
1.3
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
92,340
694,272
Hollins Ormskirk Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 4 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
1,440
53,814
Other creditors
73,627
712,497
Accruals and deferred income
2,400
2,400
87,467
778,711
Bank loans are unsecured.
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
10,833
20,833
Bank loans are unsecured.
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
150
150
150
150
Hollins Ormskirk Limited
Notes to the financial statements (continued)
For the year ended 30 April 2024
- 5 -
7
Related party transactions
Transactions with related parties
During the year the company entered into the following transactions with related parties:
Purchases
Purchases
2024
2023
£
£
Entities with common control
-
6,000
Management Fees Receivable
2024
2023
£
£
Entities with common control
103,000
-
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due to related parties
£
£
Entities with common control
-
691,544
Key management personnel
73,627
73,627
The following amounts were outstanding at the reporting end date:
2024
2023
Amounts due from related parties
£
£
Entities with common control
92,340
693,072