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REGISTERED NUMBER: 10828574 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Howe Developments and Joinery Ltd

Howe Developments and Joinery Ltd (Registered number: 10828574)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Howe Developments and Joinery Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr H Howe
Mr L Howe
Mr J Howe





REGISTERED OFFICE: Unit 83
The Acorn Centre
Barry Street
Oldham
Lancashire
OL1 3NE





REGISTERED NUMBER: 10828574 (England and Wales)





ACCOUNTANTS: N J Grindrod & Co Limited
First Floor
Sovereign House
Barehill Street
Littleborough
Lancashire
OL15 9BL

Howe Developments and Joinery Ltd (Registered number: 10828574)

Abridged Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,130 1,736
Tangible assets 5 32,475 70,002
Investment property 6 71,603 71,603
105,208 143,341

CURRENT ASSETS
Stocks 30,750 36,784
Debtors 69,767 129,233
Cash at bank 10,393 8,236
110,910 174,253
CREDITORS
Amounts falling due within one year 203,850 248,051
NET CURRENT LIABILITIES (92,940 ) (73,798 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,268

69,543

CREDITORS
Amounts falling due after more than one
year

50,867

68,318
NET (LIABILITIES)/ASSETS (38,599 ) 1,225

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,699 ) 1,125
SHAREHOLDERS' FUNDS (38,599 ) 1,225

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

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

Howe Developments and Joinery Ltd (Registered number: 10828574)

Abridged Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 December 2024 and were signed on its behalf by:





Mr H Howe - Director


Howe Developments and Joinery Ltd (Registered number: 10828574)

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

1. STATUTORY INFORMATION

Howe Developments and Joinery 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 - 25% on cost
Motor vehicles - 25% on cost

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
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Howe Developments and Joinery Ltd (Registered number: 10828574)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 3,030
AMORTISATION
At 1 July 2023 1,294
Amortisation for year 606
At 30 June 2024 1,900
NET BOOK VALUE

At 30 June 2024 1,130
At 30 June 2023 1,736

Howe Developments and Joinery Ltd (Registered number: 10828574)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 136,615
Grants (18,200 )
At 30 June 2024 118,415
DEPRECIATION
At 1 July 2023 66,613
Charge for year 25,027
Eliminated on disposal (5,700 )
At 30 June 2024 85,940
NET BOOK VALUE
At 30 June 2024 32,475
At 30 June 2023 70,002

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 71,603
NET BOOK VALUE
At 30 June 2024 71,603
At 30 June 2023 71,603