P.A.Holmes Ltd 08927765 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is groundwork activities. Digita Accounts Production Advanced 6.30.9574.0 true 08927765 2023-04-01 2024-03-31 08927765 2024-03-31 08927765 bus:Director1 1 2024-03-31 08927765 bus:OrdinaryShareClass1 2024-03-31 08927765 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 08927765 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 08927765 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:Non-currentFinancialInstruments 2024-03-31 08927765 core:CurrentFinancialInstruments 2024-03-31 08927765 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08927765 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08927765 core:MotorVehicles 2024-03-31 08927765 core:OtherPropertyPlantEquipment 2024-03-31 08927765 bus:SmallEntities 2023-04-01 2024-03-31 08927765 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08927765 bus:FullAccounts 2023-04-01 2024-03-31 08927765 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08927765 bus:RegisteredOffice 2023-04-01 2024-03-31 08927765 bus:Director1 2023-04-01 2024-03-31 08927765 bus:Director1 1 2023-04-01 2024-03-31 08927765 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08927765 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08927765 core:RevaluationReserve 2023-04-01 2024-03-31 08927765 core:MotorVehicles 2023-04-01 2024-03-31 08927765 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08927765 core:PlantMachinery 2023-04-01 2024-03-31 08927765 countries:EnglandWales 2023-04-01 2024-03-31 08927765 2023-03-31 08927765 bus:Director1 1 2023-03-31 08927765 core:MotorVehicles 2023-03-31 08927765 core:OtherPropertyPlantEquipment 2023-03-31 08927765 2022-04-01 2023-03-31 08927765 2023-03-31 08927765 bus:Director1 1 2023-03-31 08927765 bus:OrdinaryShareClass1 2023-03-31 08927765 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 08927765 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 08927765 core:CurrentFinancialInstruments 2023-03-31 08927765 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08927765 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08927765 core:MotorVehicles 2023-03-31 08927765 core:OtherPropertyPlantEquipment 2023-03-31 08927765 bus:Director1 1 2022-04-01 2023-03-31 08927765 core:RevaluationReserve 2022-04-01 2023-03-31 08927765 bus:Director1 1 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08927765

P.A.Holmes Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

 

P.A.Holmes Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

P.A.Holmes Ltd

(Registration number: 08927765)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

363,010

363,955

Other financial assets

5

99,335

100,203

 

462,345

464,158

Current assets

 

Debtors

6

502,281

493,887

Cash at bank and in hand

 

755,962

638,261

 

1,258,243

1,132,148

Creditors: Amounts falling due within one year

7

(189,219)

(195,914)

Net current assets

 

1,069,024

936,234

Total assets less current liabilities

 

1,531,369

1,400,392

Creditors: Amounts falling due after more than one year

7

(45,536)

(74,211)

Provisions for liabilities

(58,684)

(69,151)

Net assets

 

1,427,149

1,257,030

Capital and reserves

 

Called up share capital

8

10

10

Revaluation reserve

(665)

203

Retained earnings

1,427,804

1,256,817

Shareholders' funds

 

1,427,149

1,257,030

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 March 2025
 

 

P.A.Holmes Ltd

(Registration number: 08927765)
Balance Sheet as at 31 March 2024

.........................................
P A Holmes
Director

 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Castle Street
Hazlerigg
Newcastle upon Tyne
NE13 7NH

These financial statements were authorised for issue by the director on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

The entity adopted the accrual model for recognising government grants.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance basis

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2023 - 10).

 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

92,508

624,547

717,055

Additions

77,499

27,121

104,620

At 31 March 2024

170,007

651,668

821,675

Depreciation

At 1 April 2023

46,083

307,017

353,100

Charge for the year

20,923

84,642

105,565

At 31 March 2024

67,006

391,659

458,665

Carrying amount

At 31 March 2024

103,001

260,009

363,010

At 31 March 2023

46,425

317,530

363,955

5

Other financial assets (current and non-current)

Financial assets at fair value through profit and loss
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2023

100,203

100,203

Fair value adjustments

(868)

(868)

At 31 March 2024

99,335

99,335

Impairment

Carrying amount

At 31 March 2024

99,335

99,335

 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

212,764

176,793

Prepayments

6,345

5,290

Other debtors

283,172

311,804

 

502,281

493,887

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

55,550

80,308

Trade creditors

 

26,816

17,917

Taxation and social security

 

95,622

83,251

Accruals and deferred income

 

10,531

13,565

Other creditors

 

700

873

 

189,219

195,914

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

45,536

74,211

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.10 each

100

10

100

10

         
 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(868)

(868)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

203

203

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

45,536

74,211

2024
£

2023
£

Current loans and borrowings

Hire purchase contracts

55,550

80,308

11

Related party transactions

Transactions with the director

2024

At 1 April 2023
£

Repayments by director
£

At 31 March 2024
£

P A Holmes

Amounts advanced and repaid in the period

(36,116)

31,650

(4,467)

       
     

 

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

P A Holmes

Amounts advanced and repaid in the period

(4,132)

(31,984)

(36,116)

       
     

 

 

P.A.Holmes Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

12,570

12,570

Contributions paid to money purchase schemes

60,000

40,000

72,570

52,570

Summary of transactions with other related parties

At the year end there was a balance of £139,130 (2023 - £Nil) due from Wannop & Holmes Limited, a company in which Mr P Holmes is a shareholder. This arose due to expenses paid, which were recharged at no profit or loss.