31
01/10/2023
30/09/2024
2024-09-30
false
false
false
false
false
false
false
true
false
false
true
false
false
false
false
false
true
false
No description of principal activities is disclosed
2023-10-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
2959317
2023-10-01
2024-09-30
2959317
2024-09-30
2959317
2023-09-30
2959317
2022-10-01
2023-09-30
2959317
2023-09-30
2959317
2022-09-30
2959317
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-10-01
2024-09-30
2959317
core:PlantMachinery
2023-10-01
2024-09-30
2959317
core:MotorVehicles
2023-10-01
2024-09-30
2959317
bus:Director1
2023-10-01
2024-09-30
2959317
core:NetGoodwill
2024-09-30
2959317
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-09-30
2959317
core:PlantMachinery
2023-09-30
2959317
core:MotorVehicles
2023-09-30
2959317
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-09-30
2959317
core:PlantMachinery
2024-09-30
2959317
core:MotorVehicles
2024-09-30
2959317
core:DeferredTaxation
2023-10-01
2024-09-30
2959317
core:WithinOneYear
2024-09-30
2959317
core:WithinOneYear
2023-09-30
2959317
core:AfterOneYear
2024-09-30
2959317
core:AfterOneYear
2023-09-30
2959317
core:RetainedEarningsAccumulatedLosses
2022-10-01
2023-09-30
2959317
core:RetainedEarningsAccumulatedLosses
2023-10-01
2024-09-30
2959317
core:UKTax
2023-10-01
2024-09-30
2959317
core:UKTax
2022-10-01
2023-09-30
2959317
core:ShareCapital
2024-09-30
2959317
core:ShareCapital
2023-09-30
2959317
core:RetainedEarningsAccumulatedLosses
2024-09-30
2959317
core:RetainedEarningsAccumulatedLosses
2023-09-30
2959317
core:ShareCapital
2022-09-30
2959317
core:RetainedEarningsAccumulatedLosses
2022-09-30
2959317
core:PreviouslyStatedAmount
core:ShareCapital
2024-09-30
2959317
core:NetGoodwill
2023-09-30
2959317
core:AcceleratedTaxDepreciationDeferredTax
2024-09-30
2959317
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-09-30
2959317
core:PlantMachinery
2023-09-30
2959317
core:MotorVehicles
2023-09-30
2959317
core:DeferredTaxation
2024-09-30
2959317
bus:Director1
2023-09-30
2959317
bus:Director1
2024-09-30
2959317
bus:Director1
2022-09-30
2959317
bus:Director1
2023-09-30
2959317
bus:Director1
2022-10-01
2023-09-30
2959317
bus:SmallEntities
2023-10-01
2024-09-30
2959317
bus:AuditExempt-NoAccountantsReport
2023-10-01
2024-09-30
2959317
bus:SmallCompaniesRegimeForAccounts
2023-10-01
2024-09-30
2959317
bus:PrivateLimitedCompanyLtd
2023-10-01
2024-09-30
2959317
bus:FullAccounts
2023-10-01
2024-09-30
Company registration number:
2959317
HORSHAM & DISTRICT LAUNDRY LIMITED
Unaudited filleted financial statements
30 September 2024
HORSHAM & DISTRICT LAUNDRY LIMITED
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
HORSHAM & DISTRICT LAUNDRY LIMITED
Statement of financial position
30 September 2024
|
|
|
2024 |
|
|
|
2023 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
6 |
- |
|
|
|
- |
|
|
Tangible assets |
|
7 |
857,073 |
|
|
|
914,912 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
857,073 |
|
|
|
914,912 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Stocks |
|
|
97,264 |
|
|
|
110,822 |
|
|
Debtors |
|
8 |
446,768 |
|
|
|
439,332 |
|
|
Cash at bank and in hand |
|
|
188,410 |
|
|
|
25,110 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
732,442 |
|
|
|
575,264 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
9 |
(
382,767) |
|
|
|
(
304,406) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current assets |
|
|
|
|
349,675 |
|
|
|
270,858 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
1,206,748 |
|
|
|
1,185,770 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
10 |
|
|
(
86,192) |
|
|
|
(
156,587) |
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
11 |
|
|
(
44,711) |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
_______ |
Net assets |
|
|
|
|
1,075,845 |
|
|
|
1,029,183 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
35,000 |
|
|
|
35,000 |
Profit and loss account |
|
|
|
|
1,040,845 |
|
|
|
994,183 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders funds |
|
|
|
|
1,075,845 |
|
|
|
1,029,183 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
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 Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 November 2024
, and are signed on behalf of the board by:
Mr J W Nugent
Director
Company registration number:
2959317
HORSHAM & DISTRICT LAUNDRY LIMITED
Statement of changes in equity
Year ended 30 September 2024
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 October 2022 |
|
35,000 |
|
844,176 |
879,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
251,255 |
251,255 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
251,255 |
251,255 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
101,248) |
(
101,248) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
101,248) |
(
101,248) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 and 1 October 2023 |
|
35,000 |
|
994,183 |
1,029,183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the year |
|
|
|
174,843 |
174,843 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
174,843 |
174,843 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
128,181) |
(
128,181) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
128,181) |
(
128,181) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2024 |
|
35,000 |
|
1,040,845 |
1,075,845 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
HORSHAM & DISTRICT LAUNDRY LIMITED
Notes to the financial statements
Year ended 30 September 2024
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Horsham & District Laundry Limited, Garrards, Cowfold Road, WEST GRINSTEAD, West Sussex, RH13 8LY.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Freehold property |
- |
2 % |
straight line |
|
Plant and machinery |
- |
25 % |
reducing balance |
|
Motor vehicles |
- |
25 % |
reducing balance |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
31
(2023:
27
).
5.
Tax on profit
Major components of tax expense
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Current tax: |
|
|
|
|
UK current tax expense |
|
92,533 |
26,406 |
|
Adjustments in respect of previous periods |
|
72 |
322 |
|
|
|
_______ |
_______ |
|
Total current tax |
|
92,605 |
26,728 |
|
|
|
|
|
|
Deferred tax: |
|
|
|
|
Origination and reversal of timing differences |
|
44,711 |
- |
|
|
|
_______ |
_______ |
|
Tax on profit |
|
137,316 |
26,728 |
|
|
|
_______ |
_______ |
|
|
|
|
|
6.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 October 2023 and 30 September 2024 |
144,999 |
144,999 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 October 2023 and 30 September 2024 |
144,999 |
144,999 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 30 September 2024 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 30 September 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
7.
Tangible assets
|
|
Freehold property |
Plant and machinery |
Motor vehicles |
Total |
|
|
|
|
|
£ |
£ |
£ |
£ |
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 October 2023 |
870,543 |
816,707 |
359,873 |
2,047,123 |
|
|
|
|
Additions |
- |
11,958 |
22,004 |
33,962 |
|
|
|
|
Disposals |
- |
(
75,664) |
(
64,963) |
(
140,627) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 September 2024 |
870,543 |
753,001 |
316,914 |
1,940,458 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 October 2023 |
183,402 |
774,810 |
173,999 |
1,132,211 |
|
|
|
|
Charge for the year |
8,910 |
11,944 |
60,345 |
81,199 |
|
|
|
|
Disposals |
- |
(
71,465) |
(
58,560) |
(
130,025) |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 September 2024 |
192,312 |
715,289 |
175,784 |
1,083,385 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 30 September 2024 |
678,231 |
37,712 |
141,130 |
857,073 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
At 30 September 2023 |
687,141 |
41,897 |
185,874 |
914,912 |
|
|
|
|
|
_______ |
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
8.
Debtors
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Trade debtors |
|
403,352 |
393,598 |
|
Other debtors |
|
43,416 |
45,734 |
|
|
|
_______ |
_______ |
|
|
|
446,768 |
439,332 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Creditors: amounts falling due within one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
38,800 |
59,838 |
|
Trade creditors |
|
54,242 |
66,816 |
|
Corporation tax |
|
92,533 |
4,930 |
|
Social security and other taxes |
|
108,548 |
93,778 |
|
Other creditors |
|
88,644 |
79,044 |
|
|
|
_______ |
_______ |
|
|
|
382,767 |
304,406 |
|
|
|
_______ |
_______ |
|
|
|
|
|
10.
Creditors: amounts falling due after more than one year
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
38,800 |
77,600 |
|
Other creditors |
|
47,392 |
78,987 |
|
|
|
_______ |
_______ |
|
|
|
86,192 |
156,587 |
|
|
|
_______ |
_______ |
|
|
|
|
|
11.
Provisions
|
|
Deferred tax (note 12) |
Total |
|
|
|
|
|
£ |
£ |
|
|
|
|
At 1 October 2023 |
- |
- |
|
|
|
|
Additions |
44,711 |
44,711 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
At 30 September 2024 |
44,711 |
44,711 |
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
12.
Deferred tax
The deferred tax included in the statement of financial position is as follows:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Included in provisions (note 11) |
|
44,711 |
- |
|
|
|
_______ |
_______ |
|
|
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
|
|
2024 |
2023 |
|
|
|
£ |
£ |
|
Accelerated capital allowances |
|
44,711 |
- |
|
|
|
_______ |
_______ |
|
|
|
|
|
13.
Directors advances, credits and guarantees
|
During the year the directors entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2024 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr J W Nugent |
(
138) |
(
815) |
(
953) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the directors |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Mr J W Nugent |
(
131) |
(
7) |
(
138) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|