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REGISTERED NUMBER: 10736010 (England and Wales)














Unaudited Financial Statements

For The Year Ended 30th April 2024

for

Howle Commercials Ltd

Howle Commercials Ltd (Registered number: 10736010)






Contents of the Financial Statements
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

Howle Commercials Ltd

Company Information
For The Year Ended 30th April 2024







DIRECTORS: T A Barnett
Mrs M E Harper-Barnett





REGISTERED OFFICE: Belmont House
Belmont Lane
Christchurch
Coleford
Gloucestershire
GL16 7FA





REGISTERED NUMBER: 10736010 (England and Wales)





ACCOUNTANTS: Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE

Howle Commercials Ltd (Registered number: 10736010)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,930 34,622
Investment property 5 55,592 55,592
88,522 90,214

CURRENT ASSETS
Stocks 6 15,000 57,580
Debtors 7 27,012 58,449
42,012 116,029
CREDITORS
Amounts falling due within one year 8 93,977 152,865
NET CURRENT LIABILITIES (51,965 ) (36,836 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,557

53,378

CREDITORS
Amounts falling due after more than one
year

9

(29,900

)

(43,683

)

PROVISIONS FOR LIABILITIES 12 (6,257 ) (8,656 )
NET ASSETS 400 1,039

CAPITAL AND RESERVES
Called up share capital 13 100 100
Retained earnings 14 300 939
SHAREHOLDERS' FUNDS 400 1,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Howle Commercials Ltd (Registered number: 10736010)

Balance Sheet - continued
30th 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 and authorised for issue by the Board of Directors and authorised for issue on 30th January 2025 and were signed on its behalf by:





T A Barnett - Director


Howle Commercials Ltd (Registered number: 10736010)

Notes to the Financial Statements
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

Howle Commercials 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Howle Commercials Ltd (Registered number: 10736010)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st May 2023 44,200 9,142 1,549 54,891
Additions - 4,000 637 4,637
At 30th April 2024 44,200 13,142 2,186 59,528
DEPRECIATION
At 1st May 2023 16,841 2,612 816 20,269
Charge for year 4,104 1,840 385 6,329
At 30th April 2024 20,945 4,452 1,201 26,598
NET BOOK VALUE
At 30th April 2024 23,255 8,690 985 32,930
At 30th April 2023 27,359 6,530 733 34,622

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023
and 30th April 2024 55,592
NET BOOK VALUE
At 30th April 2024 55,592
At 30th April 2023 55,592

6. STOCKS
30.4.24 30.4.23
£    £   
Stocks 15,000 57,580

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,250 -
Directors' current accounts 23,936 56,733
Prepayments 1,826 1,716
27,012 58,449

Howle Commercials Ltd (Registered number: 10736010)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 10) 61,547 61,761
Other loans (see note 10) - 10,000
Trade creditors 3,319 41,726
Tax 7,193 23,922
VAT 18,468 12,231
Accrued expenses 3,450 3,225
93,977 152,865

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 10) 20,833 30,833
Hire purchase contracts 9,067 12,850
29,900 43,683

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,833 30,833

10. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 61,547 61,761
Other loans - 10,000
61,547 71,761

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,833 30,833

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 61,547 61,761

Lloyds Bank hold a fixed and floating charge over the assets of the company.

Howle Commercials Ltd (Registered number: 10736010)

Notes to the Financial Statements - continued
For The Year Ended 30th April 2024

12. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 6,257 8,656

Deferred
tax
£   
Balance at 1st May 2023 8,656
Credit to Income Statement during year (2,399 )
Balance at 30th April 2024 6,257

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

14. RESERVES
Retained
earnings
£   

At 1st May 2023 939
Profit for the year 30,861
Dividends (31,500 )
At 30th April 2024 300

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
T A Barnett
Balance outstanding at start of year 56,733 53,445
Amounts advanced 23,937 56,733
Amounts repaid (56,733 ) (53,445 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 23,937 56,733

16. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Howle Commercials Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Howle Commercials Ltd for the year ended 30th April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Howle Commercials Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Howle Commercials Ltd and state those matters that we have agreed to state to the Board of Directors of Howle Commercials Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Howle Commercials Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Howle Commercials Ltd. You consider that Howle Commercials Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Howle Commercials Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wildin (Accountants & Auditors) Ltd
Kings Buildings
Lydney
Gloucestershire
GL15 5HE


30th January 2025