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REGISTERED NUMBER: 01547818 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

HENLOW BUILDING SUPPLIES LIMITED

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HENLOW BUILDING SUPPLIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs A P Curson
D C Curson
C D Curson
P M Curson





SECRETARY: Mrs A P Curson





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ





REGISTERED NUMBER: 01547818 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,494,107 1,519,186

CURRENT ASSETS
Stocks 367,304 346,116
Debtors 5 585,388 216,854
Cash at bank and in hand 713,346 482,898
1,666,038 1,045,868
CREDITORS
Amounts falling due within one year 6 390,357 289,246
NET CURRENT ASSETS 1,275,681 756,622
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,769,788

2,275,808

CREDITORS
Amounts falling due after more than one year 7 (402,249 ) (14,418 )

PROVISIONS FOR LIABILITIES (18,040 ) (24,199 )
NET ASSETS 2,349,499 2,237,191

CAPITAL AND RESERVES
Called up share capital 100 100
Freehold property revaluation
reserve 9 422,041 422,041
Capital redemption reserve 10,000 10,000
Retained earnings 1,917,358 1,805,050
SHAREHOLDERS' FUNDS 2,349,499 2,237,191

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

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

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 6 February 2025 and were signed on its behalf by:




P M Curson - Director



C D Curson - Director


HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Henlow Building Supplies Limited is a private company, limited by shares , registered in England within the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The directors are committed to the future of the business. The company benefits from ongoing financial support from both the directors and fellow subsidiary companies. Accordingly the directors continue to adopt the going concern basis in preparing the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
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.
Freehold property - Not depreciated
Improvements to property - 10% on cost
Plant and machinery - 15% on cost and 15% on reducing balance
Fixtures and fittings - 33% on cost and 15% on cost
Motor vehicles - 25% on reducing balance
Office & computer equipment - 33% on cost and 15% on cost

A review for indicators of impairment is carried out at each reporting date.

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 statement of financial position date.


HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Depreciation of land and buildings
No depreciation has been charged on freehold property as required by Financial Reporting Standard 102 and the provisions of the Companies Act 2006. The directors maintain the property to a high standard such that any depreciation would be minimal and they consider this policy gives a true and fair view of the company's financial position.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 October 2023 1,420,269 64,011 63,225
Additions - - 2,337
At 30 September 2024 1,420,269 64,011 65,562
DEPRECIATION
At 1 October 2023 - 61,892 57,784
Charge for year - 439 2,953
At 30 September 2024 - 62,331 60,737
NET BOOK VALUE
At 30 September 2024 1,420,269 1,680 4,825
At 30 September 2023 1,420,269 2,119 5,441

Fixtures Office &
and Motor computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023 115,017 175,827 29,269 1,867,618
Additions 1,847 - 250 4,434
At 30 September 2024 116,864 175,827 29,519 1,872,052
DEPRECIATION
At 1 October 2023 105,276 96,267 27,213 348,432
Charge for year 4,901 19,890 1,330 29,513
At 30 September 2024 110,177 116,157 28,543 377,945
NET BOOK VALUE
At 30 September 2024 6,687 59,670 976 1,494,107
At 30 September 2023 9,741 79,560 2,056 1,519,186

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2007 385,291 4,427 389,718
Valuation in 2008 25,000 - 25,000
Valuation in 2009 11,750 - 11,750
Cost 998,228 447,356 1,445,584
1,420,269 451,783 1,872,052

The freehold property was revalued in 2008 by William H Brown, Chartered Surveyors at £1,400,000. This was adopted as deemed cost on transition to Financial Reporting Standard 102 on 1 October 2015.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 170,485
DEPRECIATION
At 1 October 2023 92,438
Charge for year 19,512
At 30 September 2024 111,950
NET BOOK VALUE
At 30 September 2024 58,535
At 30 September 2023 78,047

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 137,637 119,922
Amounts owed by group undertakings 434,289 66,044
Prepayments and accrued income 13,462 30,888
585,388 216,854

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loan 101,613 -
Hire purchase contracts 13,225 23,394
Trade creditors 171,071 158,455
Tax 42,324 53,931
Social security and other taxes 8,217 5,295
Pension liability - 1,256
VAT 29,674 33,048
Directors' current accounts 870 870
Accrued expenses 23,363 12,997
390,357 289,246

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loan - 1-2 years 101,613 -
Bank loan - 2-5 years 300,636 -
Hire purchase contracts - 14,418
402,249 14,418

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loan 503,862 -
Hire purchase contracts 13,225 37,812
517,087 37,812

Natwest Bank Plc hold a charge over the company's freehold property and a debenture over the assets and undertakings of the company.

9. RESERVES
Freehold
property
revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 422,041

HENLOW BUILDING SUPPLIES LIMITED (REGISTERED NUMBER: 01547818)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. RELATED PARTY DISCLOSURES

The following are related party transactions:-
30.09.2024 30.09.2023
£ £

1. Transactions with, Henlow Lakes & Riverside Limited & Linxcroft Developments Limited who are fellow subsidiaries:-

a) Debtors 434,289 66,044
b) Creditors 0 0

2. Transactions with directors:-

a) Balance due to the directors 870 870