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REGISTERED NUMBER: 04557841 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 October 2024

for

V.R. Hoare & Sons Limited

V.R. Hoare & Sons Limited (Registered number: 04557841)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


V.R. Hoare & Sons Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: R D Hoare
E B Hoare



SECRETARY: R D Hoare



REGISTERED OFFICE: 58 Pembroke Road
Merlins Bridge
HAVERFORDWEST
Pembrokeshire
SA61 1JT



REGISTERED NUMBER: 04557841 (England and Wales)



BANKERS: Barclays Bank Plc
PO Box 214
32 High Street
Haverfordwest
Pembrokeshire
SA61 2YP

V.R. Hoare & Sons Limited (Registered number: 04557841)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 14,790 18,231
14,790 18,231

CURRENT ASSETS
Stocks 6 5,500 7,000
Debtors 7 6,272 6,210
Cash at bank 12,107 12,540
23,879 25,750
CREDITORS
Amounts falling due within one year 8 14,527 13,274
NET CURRENT ASSETS 9,352 12,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,142

30,707

PROVISIONS FOR LIABILITIES 1,962 2,644
NET ASSETS 22,180 28,063

CAPITAL AND RESERVES
Called up share capital 68 68
Retained earnings 22,112 27,995
SHAREHOLDERS' FUNDS 22,180 28,063

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

V.R. Hoare & Sons Limited (Registered number: 04557841)

Balance Sheet - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:




R D Hoare - Director



E B Hoare - Director


V.R. Hoare & Sons Limited (Registered number: 04557841)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

V.R. Hoare & Sons Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Nil
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3. EMPLOYEES AND DIRECTORS

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

V.R. Hoare & Sons Limited (Registered number: 04557841)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 60,000
AMORTISATION
At 1 November 2023
and 31 October 2024 60,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023
and 31 October 2024 4,464 29,310 39,313 4,617 77,704
DEPRECIATION
At 1 November 2023 - 26,833 29,089 3,551 59,473
Charge for year - 618 2,556 267 3,441
At 31 October 2024 - 27,451 31,645 3,818 62,914
NET BOOK VALUE
At 31 October 2024 4,464 1,859 7,668 799 14,790
At 31 October 2023 4,464 2,477 10,224 1,066 18,231

6. STOCKS
31.10.24 31.10.23
£    £   
Stocks 500 1,000
Work-in-progress 5,000 6,000
5,500 7,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 6,272 6,210

V.R. Hoare & Sons Limited (Registered number: 04557841)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 7,161 3,321
Tax 5,483 7,329
VAT 1,512 1,935
Directors' current accounts 371 689
14,527 13,274